Skip to content
Buying & Selling Real Estate

User Stats

4,456
Posts
4,293
Votes
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,293
Votes |
4,456
Posts

$50,000/door for '60es Junk!

Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Posted Apr 23 2015, 07:06

It is absolute comedy out there. The last several apartment communities that have come across my screen in Ohio and Indiana were being marketed as "value-ad" at $50,000 to $60,000/door - these were all 1,960es construction...

I have to laugh. These are trophy asset prices for 60es junk with rents of of $650/month - NUTS!

And what would be the value-ad proposition when you're starting out at the absolute top of the market?

I just laugh...

Loading replies...