Need help to evaluate an 8 unit apartment for 318k
Can any one help me find out the value of this apartment. They want 318k I think this is a little too much. I don’t know how old this apartment is. I do know it’s right behind my house 12 minutes down the road . I know the neighborhood and town well. Can anyone give me a real estimate on https://www.zillow.com/homedetails/200-State-Rd-Oneonta-AL-35121/2111982866_zpid/
Most Popular Reply
It doesn't really matter because if you haven't set your return objectives which would help you value the property you aren't ready to buy. I'm also guessing that you have not yet been pre-approved. But to answer your question yes it is most likely overvalued because good deals do not stay on the market for 500+ days like this one has. There could also be circumstances surrounding the purchase that make it more difficult to sell.