Updated almost 6 years ago on . Most recent reply

Multifamily appraisals: how do they work?
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?