Real Estate Math
A Virginia 4-unit apartment building sold for $650,000. Annual gross rent = $52,800. What is the price per unit?
A$137,500
B$150,000
C$162,500✓ Correct
D$175,000
Explanation
Price per unit = $650,000 ÷ 4 = $162,500. Using the values given ($650,000, $52,800), apply the appropriate formula..
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