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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (45610)12/10/2005 7:46:47 PM
From: mishedloRespond to of 306849
 
I do not know Les.
Anywhere close to fully occupied and that looks like a bargain.
I wonder if that is a section 8 unit.
(section 8? Is that the right word? If not I mean public low income housing)

It does not look like it.
Building looks OK to me.

Mish



To: Les H who wrote (45610)12/11/2005 11:10:20 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
That sounds like a GRM of about 5 which is dirt cheap. Safe due to replacement cost being a minimum $50k/unit even if you get the land for free..


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