Property Valuation
The income approach is most appropriate for which Virginia property type?
AOwner-occupied single-family homes
BIncome-producing properties such as apartment buildings and commercial properties✓ Correct
CVacant land without development potential
DGovernment-owned properties
Explanation
The income approach is most applicable to income-producing properties (apartments, office buildings, retail centers) because investors make purchasing decisions based on expected income stream and investment returns.
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