It has 3500 sq. ft. and has 5 rental units (2 apartments @ $750.00 each per mo.) 2 commercial spaces @ $500.00 each per mo. and one commercial space @ $800.00 per mo.--At $3,300 rental income per mo.(using the income approach) What is the value?
2006-12-07 09:15:56 · 4 answers · asked by MB 3 in Business & Finance ➔ Renting & Real Estate
i think you need to go to your courthouse and ask them. they have all that stuff valued
2006-12-07 09:20:53 · answer #1 · answered by dieter 1 · 0⤊ 0⤋
Get an appraisal. Put it on the market with an asking price that is a little more than the appraised value and see what happens. Be prepared to come down if nothing happens. You can always sell real estate and people who can't find a buyer are simply asking for more money than anybody's going to give them.
2006-12-07 09:26:18 · answer #2 · answered by Mike D. 3 · 0⤊ 0⤋
pay zero. Use your money to start a venture capital firm and earn 25-2000 % per year, starting immediately. [with less risk] I can guide you as can any cpa or biz atty if you still are hot for that building, let your first successful VC investment's return buy it for you; thus you get the bidg for free
2016-05-23 04:34:25 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I would have the property appraised by an independant appraisal company.
2006-12-07 09:23:27 · answer #4 · answered by kimberc13 3 · 0⤊ 0⤋