A real estate investor is considering the purchase of a four - unit office building and has
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Question:
A real estate investor is considering the purchase of a fourunit office building and has the following information. The purchase price is $ with $ in acquisition costs. The first years rent is $ per unit per month. Rents are expected to increase at a rate of percent per year. Vacancy is estimated to be percent of gross revenue and operating expenses are expected to be percent of effective gross income.
What is the gross rent for year
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