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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Evansville, IN
11
Votes |
27
Posts

Evaluating 2 Fourplexes

Account Closed
  • Rental Property Investor
  • Evansville, IN
Posted

A seller has two separate fourplexes for sale (each have an MLS listing). I'm running numbers to see if I can buy them both together as one deal. The fourplexes each have their own lot and are on the same street. They are not adjacent.

Would a commercial lender base the loan on the asset value of each building, or would they value the deal based on NOI/cap rate of the combined rents?

Thanks!

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