Business, 26.02.2020 04:13 lawhornmakayla

ABC Residential Investors, LLP, is considering the purchase of a 120-unit apartment complex in Steel City, Pennsylvania. A market study of the area reveals that an average rental of $600 per month per unit could be realized in the appropriate market area. During the last six months, two very comparable apartment complexes have sold in the same market area. The Oaks, a 140-unit project, sold for $9 million. Its rental schedule indicated that the average rent per unit is $550 per month. Palms, a 90-unit complex, is presently renting units at $650 per month, and its selling price was $6.6 million. The mix of number of bedrooms and sizes of units for both complexes is very similar to that of the subject property, and both appear to have normal vacancy rates of about 10 percent annually. All rents are net as tenants pay all utilities and expenses.

Based on the data provided here, establish an estimate of value of the subject property using the Gross Rent Multiplier (GRM)?

What other information would be desirable in reaching a conclusion about the probable value for the property?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:40, lexybellx3

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

Answers: 3

continue

Business, 22.06.2019 14:00, mrfishyyyy

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.

Answers: 2

continue

Business, 22.06.2019 16:10, olly09

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Answers: 3

continue

Business, 22.06.2019 20:30, capybaracaptin2895

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

Answers: 3

continue

You know the right answer?

ABC Residential Investors, LLP, is considering the purchase of a 120-unit apartment complex in Steel...