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You estimate that the value of an existing single-family home is $450,000. However, local zoning regulations would permit a four-unit rental housing structure to be

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You estimate that the value of an existing single-family home is $450,000. However, local zoning regulations would permit a four-unit rental housing structure to be built and demand supports the need for more rental housing. The estimated value of the rental structure is $600.000 upon completion, but the construction costs total $300,000, including the demolition costs of the existing house. What is the property's highest and best use

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