Quote:
Originally Posted by McLovin
That's only $48,000 in gross rents per year, at full occupancy.
$660K+ seems like way, way too much for that.
My guess, without knowing the area at all, so just a guess, is that something like that would sell for/be worth around 8X the gross rent. That would be around $384K. I can't imagine it would be more than 10X the gross, which would be $480K. I don't think there are many small blue collar towns in the US where apts are going for 10X the gross.
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Two 8 unit buildings so 16 units total, $96K gross.