what are the stats for apartment sales?

Evjefwil
Evjefwil
Agent
Cincinnati, OH

Tue Aug 18 2009, 14:22 - Market Conditions in Dayton - 1 answer
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First to answer: Bob Herd
Bob Herd
Bob Herd
Broker
Tucson, AZ
FIRST ANSWER

The "stats" are really about what cap rate (capitalization of the net income method of appraisal) is currently acceptable to investors in your area. Cap rates have moved up to 8.5% to 9.25% in the Tucson Metro Market Area, but your area may be different due to local economics, etc. Your best bet is to get on the phone and call one of the larger brokerage firms, ask for an apartment specialist and ask the question.

Tue Aug 18 2009, 14:56
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