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<br />value of <br /> <br />$488,460. <br /> <br />The subject apartment property is a 3 story wood framed 12 unit apartment building of <br />average grade and condition. It has average amenities and has good access to major <br />streets. The value appears to be fair and reasonable and, as you see, can be defended by <br />original purchase price, sales, and the GRM. <br /> <br />2 <br />