Barney Fletcher Exam 3 | Questions with 100% Correct Answers | Verified | Latest Update 2024

A 40 unit apartment building rented units for $300 per month. The annual gross rent multiplier was 10. What was the value? A. $120,000 B. $144,000 C. $1,200,000 D. $1,440,000 - D. $1,440,000 40 x $300 per month x 12 months = annual rent of $144,000 x an annual multiplier of 10 = $1,440,000 A seller listed property for sale. There were a limited number of houses available in the area. There were also a great number of buyers interested in purchasing homes in that area. What would MOST LIKELY happen to the value of the property? A. it would increase in value B. it would decrease in value C. the value would stay the same but the property would sell faster D. there is not enough information given to determine a value change - A. it would increase in value