Valuing a 4-plex im considering purchasing

[Miles Stanley]

Hello all,

I've been heavily focused on SFR buy and hold analysis and I'm thinking about looking at a 4-plex in my area. When looking at the ARV, etc...how exactly is the ARV determined on a 4-plex. Before you say comps, let's say comps are scarce in this area for this type of property. What then? You can find SFR comps all day, but it seems MF comps aren't as plentiful.

[Miles Stanley]

Thanks @David Faulkner and @Immanuel Sibero, this is all great stuff!

i am actually developing my own spreadsheet specifically because i have trust issues when it comes to packaged calculators, etc.  

i have met with a local investor/agent here and he didn't seem to care much about if some of his properties are in a bad part of town because, and i quote, "what do i care, i don't live there!".  i was taken back by this because i was hoping to buy in better parts of town where i wouldn't be worried about my wife having to go there at night for some reason.  After all, why would i expect a good tenant to live in a house I wouldn't be caught dead in??

i just don't think these rougher areas would see the appreciation of a nicer part...so i like the reinforcement of appreciation as another tool to build wealth...not just cash flow.

Thanks!