Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

252
Posts
175
Votes
Charles Soper
  • Rental Property Investor
  • Merritt Island, FL
175
Votes |
252
Posts

Help Determining ARV on a Duplex in a Gentrifying area

Charles Soper
  • Rental Property Investor
  • Merritt Island, FL
Posted

Comps are easy for SFR, but I'm currently looking at a duplex that needs a complete gut rehab in an gentrifying area of Sarasota. There are a few sold duplexes in the past few years but the closest one is area is over 18 months ago. I'm seeing numbers anywhere from the asking price on this one to 3X that and I'm a little frustrated trying to come up with a conservative ARV without way under or over estimating to the detriment of the cash I can have available for the rehab.


Anybody have a suggestion for how to comp out a small multi-family besides all the usual suspects like Zillow, Redfin, and Trulia (which haven't honestly been very helpful at all)?

  • Charles Soper
  • Loading replies...