Exam (elaborations)
Barney Fletcher Exam 3 | Questions with 100% Correct Answers | Verified | Latest Update 2024
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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...
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