@themultifamilyguy: 🏢 $2.7 Million for an 8-unit apartment complex built in 1972?! Let's do the math on this Athens, Georgia property. The broker is asking for over $300,000 per unit at an absolutely ludicrous 2.7% cap rate. With an NOI of only $72,000, calculating a realistic 7% cap rate brings the actual value closer to $1 million - nearly a third of the asking price! What do you guys think? Is this thing way overpriced, or am I missing something? Let me know down below! 👇 #RealEstateInvesting #PropertyValuation #CommercialRealEstate #RealEstateMath #multifamily