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A 10 unit apartment building backs up to a railroad which shakes the ground and building when trains go by. The rent per month, per
A 10 unit apartment building backs up to a railroad which shakes the ground and building when trains go by. The rent per month, per apartment is $25 less in the appraised property than similar properties where a railroad is not adjacent. A capitalization rate of 8% is used in the income approach. What is the loss in value to the appraised property due to the presence of the railroad right of way being located immediately behind the property? label and show your calculations.
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