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RE 140 - Chapter 13/14 Exercise - Show all work in determining your answers Income...

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RE 140 - Chapter 13/14 Exercise - Show all work in determining your answers Income Approach - Gross Rent Multiplier (GRM) The subject property you are appraising is a triplex with 3 identical units renting for $1.450/month each. The recent triplex comparables you have found are: 1) S616,500 : $1,500/unii monthly rent for all 3 units 2) $566,000 ; monthly rents are $1,400 for Unit 1, $1,475 for Unit 2, & $1,375 for Unit 3 3) $602,000 ; monthly rents are $1,475 for Unit 1, $1,500 for Unit 2.& $1,455 for Unit 3 All rents are considered to be at current market levels. Using a Gross Rent Multiplier (GRM), estimate the value of the subject property Income Approach - Capitalization Rate An apartment building has 26 identical units with a market rent of $1,100 per month Historic vacancies and bad debt loss have been 8%. Annual operating expenses are estiynated to be $137,300. Cap rates for similarly sized apartment buildings is estimated to the 6.5%. With this information, estimate the value of the apartment building 27 tv 4 MacBook Pro

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