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Updated almost 5 years ago on . Most recent reply

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17
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Multi-Family Appraisal Question

Marco Pangilinan
Posted

Hi BPers - 

I own a 4 unit building in Chicago that I am going to start the process of re-financing. Just wanted to check from others experience, if current rents of the tenants factor into the building value.

For example, if building A is bringing in $8,000 a month and building B is bringing in $7,000 a month, would the appraiser value building A more. 

OR would appraisal value be strictly limited to similar multi-family homes sold in the area and the condition they are in compared to your building.


Thanks in advance 
 

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