Comp / Analysis Help on a Duplex

[Account Closed]

Good Afternoon,

Can anyone help me out with comping a property? I'm having difficulty actually comping it out and was wondering if i could get some assistance.. I also have my analysis below if you'd like to give me any feedback on that as well, i'd be more than happy to receive it...

Property Address: 808 W King Street, York PA 

My FMV: $65,000

My Offer Price based on my FMV: $45,000

Comps I pulled:

• 1034 W King St
• 1122 W King St
• 31 Dewey St

Comp Analysis:

The average sold price is $70k, but they were all 4/2s so i knocked 5k off that because the subject property is a 3/2.

Deal Analysis:

Is this a good deal?

Did i do my analysis correctly?

Did i pull the right comps?

Was my comp analysis correct?

[Joel O.]

Im not entirely sure, but I would assume you compare MFU to MFU. If it were 5+ units then you compare based on NOI. Please feel free to correct me if im wrong. I'm following this post so i can grab the answer to your question for myself.