Property Valuation
In West Virginia, under which condition would an appraiser NOT use the income approach to value?
AA 12-unit apartment complex with stable rents
BA vacant single-family home in a residential subdivision that is not used as a rental✓ Correct
CA commercial strip center with multiple tenants
DA mobile home park with long-term tenant leases
Explanation
The income approach is appropriate for income-producing properties where buyers are primarily motivated by the income the property generates. A vacant single-family home in a residential subdivision is not an income property — buyers are motivated by personal use, making the sales comparison approach most appropriate.
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