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Updated about 7 years ago on . Most recent reply

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184
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Robert Lindsley
  • Real Estate Investor
  • Orlando, FL
48
Votes |
184
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How to determine ARV on Orlando building

Robert Lindsley
  • Real Estate Investor
  • Orlando, FL
Posted

Hi there,

I'm looking at buying a 24 unit apartment building in the Orlando area.  The building cost $699k and needs around $200k in repairs.  The building has 15 efficiency units, 3 1BR units, and 6 2BR units.

What process should I use to determine the ARV of the building? Any thoughts would be greatly appreciated!

Thanks!
Robert.

  • Robert Lindsley
  • Most Popular Reply

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    Christopher Phillips
    • Real Estate Agent
    • Garden City, NY
    1,999
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    Christopher Phillips
    • Real Estate Agent
    • Garden City, NY
    Replied

    @Robert Lindsley

    Typically, either comparable sales in the area or using the cap rate.

    NOI/Cap Rate = Price.

    Loading replies...