Small Multi-Family Question (7 unit)

[Chris Lawrence]

I currently own single family rentals and I'm looking at a 7 unit apartment building (multi-family is foreign to me). I believe its currently under valued with gross yearly rents at $51,060 and I believe I could conservatively increase gross yearly rents $79,200. Looking for some insight on how banks value these properties as I could purchase for 440k but I believe I could increase the overall value of the property, but I don't know how to quantify that. Looking for any insight. Thanks!