The value of an apartment is not based on comparative sales analysis. Value is a function of the income the property produces.
You could have two identical apartments, side by side, and one could be worth much more than the other because it is producing more income. Two identical single family houses, side by side, would be worth the same, because value is based on comps.
The value of an apartment is not based on comparative sales analysis. Value is a function of the income the property produces.
You could have two identical apartments, side by side, and one could be worth much more than the other because it is producing more income. Two identical single family houses, side by side, would be worth the same, because value is based on comps.
Hello, that sounds like an interesting property. Property values in Little Italy are really high right now, and they're definitely trying to build up the surrounding neighborhoods near University Circle. Let me know if you're still looking at that deal and I would be happy to run some numbers and give you a good idea of what the property might be worth.