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Updated over 7 years ago, 04/05/2017
How do you price an apartment building off rent.
I'm looking at a 9 unit building.
All one bedroom units
Monthly rent is $7450 annually $89,400
Building age 46 +/- 1
Cap rate 5.22%
Asking price $989,505
How do you use the rental price to get to a building value?
Thanks for your help in advance.