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Updated over 6 years ago on . Most recent reply

User Stats

43
Posts
11
Votes
Josh Taylor
  • Rental Property Investor
  • Olin, NC
11
Votes |
43
Posts

Multifamily appraisals: how do they work?

Josh Taylor
  • Rental Property Investor
  • Olin, NC
Posted

Can someone explain to me how appraisals work on 5+ plus MF units? Im looking at a 8 unit in my area that is a value add property.  Do they appraise by sq ft and compare to other properties or what? Also, if the property os in a flood zone, how much would this affect appraisals?

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