Refinance multiplex (4 units)

[John Yoo]

I purchased 4 unit property in 2022. Purchase price was 250K and rent was $2225. Now all the rents are near the market rent (i.e., $4041). I didn't do any rehab but replace the flat roof.

So here is my question. If I select the same zip code multiplex properties, the sales comps (approximately $290K) are not as great as my expectation. However, if I choose 1-2 miles radius (approximately $365K) , it's much better. I understand that it really depends on an appraiser but is there any chance that I could use 1-2 miles radius approach and present it to the appraiser?

Any thoughts?