View Single Post
Old 07-14-2008, 09:06 AM  
yys
Confirmed User
 
Join Date: Aug 2001
Posts: 1,922
Think multi-unit buildings on or near college/universities. They're taking a beating like every thing else but have a stable and built in pool to draw tenants from. They are easier to rent out and their values will pop faster then single family residential when the market turns.

Recent example I saw from AZ. 12 unit building fully leased asking 1,950,000 . Vendor dropped asking to 1.35 after it didn't move. Picked up for 1.275 with vendor holding 950,000 take back.

Last edited by yys; 07-14-2008 at 09:08 AM..
yys is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote