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Updated almost 4 years ago on . Most recent reply

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401
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86
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Ari Hadar
  • Investor
86
Votes |
401
Posts

Help me analyze duplex in west boulevard, Cleveland

Ari Hadar
  • Investor
Posted

Here is a duplex, area c+, unknown sqft, the second unit does not have access to the basement for storage and washer&drier... The agent told me that although i don't see it in the portals.... 

It seems rent ready... What price should i offer? The rent is 600-650 but the upper unit should rent lower... 

Wha can i understand from the comps? 

https://dealcheck.io/s/-MW_jsZ...

Most Popular Reply

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3,042
Posts
1,770
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Ari Hadar A duplex is a "single family"...1-4 units are, actually... and they are always valued using the comparable sales approach...the only other metric I have ever seen an appraiser use on a duplex is GRM...they look at leases and income, sure, but that is not used for determining value...

Here is a Valuation of your property...this thing is worth around $65k...to be honest, you can probably source your own deal from the same block for $30k

p.s. Deal Check comps are in left field...get with a local agent

  • Brandon Sturgill
  • 614-379-2017
business profile image
Realize Property Management Group
3.8 stars
13 Reviews

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