Estimating ARV for multi family

[Kyle Fricke]

Hi All,

I'm wondering if anyone has experience with estimating ARV for multi family properties. The issue with using MLS comps is there are very few recent comps, so it's difficult to assume what value an appraiser would assign when I go to refi after rehabbing.

I'm currently considering a duplex BRRRR but I'm also interested in a 4 plex for sale. I've called some appraisers but they would only offer full blown appraisals. If anyone is willing to share tips on how you've projected the ARV on multi family properties, I'd greatly appreciate it!