Based on your survey of number of units and sale prices per unit, multi - unit properties
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Question:
Based on your survey of number of units and sale prices per unit, multiunit properties with between and units typically offer similar operating efficiencies. However, properties of units are required to maintain an onsite property manager. The cost of an onsite manager is $ per unit per year. As this expense is expected to continue indefinitely, it is valued using a perpetuity model at a capitalization rate. The subject property is an apartment complex with units. Comparable Sale has units and sold at $ per unit. What is the percentage adjustment? Please indicate if it is a positive or negative adjustment
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