QUOTE (ThomasBeyer @ Nov 12 2010, 08:36 PM) considering it too !
this is a 6% CAP .. ridicolously high !
aim for a 12% CAP .. so maybe $1.2M tops !
In US, average occupied rate is around 60%. This one only 40% , got room to improve. If get 50% or 60% lease up, the return would higher than...