Business, 20.03.2020 01:31 schoolemailonlyno1

Olivia is interested in purchasing a two-unit residential building as an investment. Appraiser Luke researches recent sales in the area and finds a similar though slightly nicer duplex in another neighborhood that just sold for $420,000 where each tenant pays $1,400/month. The two tenants in the building Olivia wants to buy each pay $1,200 per month. Using the gross monthly rent multiplier, what might be an acceptable offer for Olivia to make?

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Olivia is interested in purchasing a two-unit residential building as an investment. Appraiser Luke...

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