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Updated over 5 years ago on . Most recent reply

Maurice Lightner's profile image
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Maurice Lightner
  • from Miami, Florida
  • Member since May 24, 2018
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Maurice Lightner
  • from Miami, Florida
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Maurice Lightner
  • Miami, FL
13
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Multi-Family and Apartment Investing

How to calculate ARV for apartments?

Maurice Lightner
  • Miami, FL
Posted

I'm looking at apartments in Cleveland, OH and I'm trying to calculate ARV for apartment buildings, but everything that has been sold lately is not renovated. If there is a commercial realtor in this area that could help me I would appreciate it.

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David Almeida
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  • from Fairfield, CT
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David Almeida
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  • from Fairfield, CT
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David Almeida
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  • Fairfield, CT
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David Almeida
  • Specialist
  • Fairfield, CT
Replied

Since there are no comps, it will be valued based on cash flow—or net operating income. If it's in a less desirable area there will likely be a discount required. So definitely contact a local broker who specializes in apartments.

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