Real Estate Agent · Columbia, SC · Member since 2009 · 93 posts · 6 votes
I'm seeing a nice 200 unit class b complex asking a 5 cap. What are you guys seeing 200+ unit complex trade for? Does the acceptable cap rate decrease as unit count increases? Making sure I'm not crazy to think this is way too expensive. $675,000 Net. Asking $13,500,000.
Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
6y
@Dustin Johns it all depends on the market and the asset. What I'm seeing national is the better the the two and the larger the asset the lower the CAP