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Updated almost 8 years ago on . Most recent reply

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Carl Fordyce
  • Investor
  • Mastic, NY
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best way to evaluate 6 unit (2 triplex next to each other)?

Carl Fordyce
  • Investor
  • Mastic, NY
Posted

i currently own a 4-plex I'm considering a 6 unit but I'm not sure how i should run my numbers on it because of how its set up.  its technically 2 triplex buildings right next to each other but their on one deed.   in this situation is it  best to run the numbers for all six unit at a time or to separate the two buildings and evaluate the numbers for each building separately at a time.

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

The key is to the deed, not the number of units so much, your approach should be the income approach, then market, then the cost approach with depreciation. The most weight will be the income approach on this property as the market will be difficult to value since it's unconventional. :)

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