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Updated almost 4 years ago,

User Stats

68
Posts
45
Votes
John Ringgold
Agent
  • Real Estate Agent
  • Topeka Kansas
45
Votes |
68
Posts

6 Units (3 duplexes) ... help w/ value with the income approach

John Ringgold
Agent
  • Real Estate Agent
  • Topeka Kansas
Posted

I have happened upon what seems like a nice opportunity with 6 doors. As a Realtor, I can typically find comparable sales, but in this case I can't find any.

I chatted with an appraiser friend who said because it is 6 units, the value should be determined via the income approach.  I have looked online and haven't found a good online calculator or a simple to understand formula for finding value this way.  Not something I typically need to do.

Any good resources or thoughts to help me find the value to ensure my rental calculations work before making the decision if we should make an offer.

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Team Ringgold @ KW One Legacy Partners
4.9 stars
94 Reviews

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