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Updated almost 10 years ago,

Ben Leybovich's profile image
Ben Leybovich's profile image
Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
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Ben Leybovich's profile image
Ben Leybovich's profile image
Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
Connect
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,294
Votes |
4,456
Posts
Buying & Selling Real Estate

$50,000/door for '60es Junk!

Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Posted

It is absolute comedy out there. The last several apartment communities that have come across my screen in Ohio and Indiana were being marketed as "value-ad" at $50,000 to $60,000/door - these were all 1,960es construction...

I have to laugh. These are trophy asset prices for 60es junk with rents of of $650/month - NUTS!

And what would be the value-ad proposition when you're starting out at the absolute top of the market?

I just laugh...

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