Property Valuation
The income approach to value is MOST appropriate for valuing which Alaska property type?
AA single-family residence
BAn income-producing apartment building✓ Correct
CVacant raw land
DA government-owned building
Explanation
The income approach converts a property's income stream into a value estimate. It is most appropriate for investment properties like apartment buildings, commercial buildings, and other income-producing real estate.
Related Alaska Property Valuation Questions
- Under Alaska appraisal practice, a 'desk review' appraisal involves:
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- In Alaska, the 'income approach' is least appropriate for which type of property?
- An Alaska appraiser must report all values within a 'reasonable range' to avoid a USPAP violation for:
- An Alaska property leased below market rent has which effect on its income-approach value?
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