a market conditions and project evaluation summary of - Georgia ...

Comp # Subject
Effective Rent
Date
5/24/2012
Location Electric Ave & W Trinity
Place
Decatur, GA 30030
Dekalb County
Distance 0.1 mile
Units 71
Type Garden
Year Built / Renovated 2014
Allen Wilson Phase III
Program 50% (Public Housing), 60%
(Public Housing)
Market
Leasing Pace n/a
Annual Turnover Rate N/A Change in Rent (Past Year) n/a
Units/Month Absorbed n/a Concession
Section 8 Tenants N/A
Allen Wlson III, Decatur, GA; Market Study
A/C not included -- central
Utilities
Other Electric not included
Cooking not included -- electric Water not included
Water Heat not included -- electric Sewer not included
Heat not included -- electric Trash Collection included
Unit Mix (face rent)
Beds Baths Type Units Size Rent Concession Restriction Waiting Vacant Vacancy Max
(SF)
(monthly)
List
Rate rent?
1 1 Garden 1 633 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
1 1 Garden 5 633 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
2 1 Garden 2 970 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
2 1 Garden 9 970 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
2 1.5 Garden 5 1,058 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
2 1.5 Garden 1 1,092 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
2 1.5 Garden 25 1,058 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
2 1.5 Garden 3 1,092 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
2 1.5 Garden 4 1,128 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
3 2 Garden 1 1,199 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
3 2 Garden 4 1,125 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
3 2 Garden 3 1,199 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
3 2.5 Garden 1 1,409 BOI $0 @50%
(Public Housing)
n/a N/A N/A N/A
3 2.5 Garden 4 1,389 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
3 2.5 Garden 3 1,409 BOI $0 @60%
(Public Housing)
n/a N/A N/A N/A
Novogradac & Company LLP 11