Updated about 5 years ago on . Most recent reply
Finding ARV on 5+ units
Hey Everyone! I'm seeking some advice on how to evaluate a 5-unit property I came across. I'm looking to put in an offer but I'm not sure how to get my ARV. The property is listed for $139,900, needs roughly $125k reno, and it will conservatively rent for $4,000/month. Can standard comps be ran on this? Do I need to order an appraisal? Is there anything else I need to account for? I'm kind of spinning my wheels on this one and any advice would be greatly appreciated! Thanks in advance!