The GIM suggested for the 14-unit property is 8.
Data and Calculations:
16 units 12 units 4 units
Selling price $1,200,000 $960,000 $480,000
Gross income $150,000 $120,000 $48,000
Gross Income Multiplier 8 8 10
A 14-unit apartment building's suggested GIM = 8
A property's gross income multiplier (GIM) measures the property value by dividing the property's sale price by its gross annual rental income.
Thus, the GIM suggested for the 14-unit property is <em>8.</em>
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