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2 Comments on CAP RATE OF 8%
MAY BE, THERE ARE SOMTHING BETTER ON THE MARKET!
CAP RATE ON MLS IS NOT GAURANTEE UNLIKE CD WITH FDIC GAURANTEE. A LOT OF TIMES THE CAP RATE ON MLS IS NOT REFLECTING CURRENT MARKET CONDITION, ESPECIALLY IF THE PROPERTY IS VACANT.
You are right, But this one appears to be correct and the property is fully rented. We are a college town with Suny College in the village where this multi family is. A couple of years ago I would have had investors falling over themselves to get this one and now with interest rates so low you would think this a very attractive listing. Who knows. Thank you for reading and commenting!