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

Effective Rent Date 5/03/2012
Location 100 Jessica Ave
Decatur, GA 30032
Dekalb County
Distance 4.5 miles
Units 100
Vacant Units
Vacancy Rate
4
4.0%
Type Garden
Year Built/Renovated
Marketing Began
Leasing Began
Last Unit Leased
Major Competitors
Tenant Characteristics
Contact Name
Phone
Program
Annual Turnover Rate
Units/Month Absorbed
HCV Tenants
Leasing Pace
Annual Chg. in Rent
Concession
1999 / N/A
N/A
N/A
N/A
PROPERTY PROFILE REPORT
Village of East Lake
Tenants are from the area; Common employers
are daycare centers, hospitals, and schools
Monica
404.377.2445
@50%, @60%
4%
N/A
30%
Immediately
None
See notes
Columbia Village
Market Information Utilities
Unit Mix (face rent)
A/C
Cooking
Water Heat
Heat
Other Electric
Water
Sewer
Trash Collection
not included -- central
not included -- electric
not included -- electric
not included -- electric
not included
not included
not included
included
Beds Baths Type Units Size (SF) Rent Concession Restriction Waiting Vacant Vacancy Max Rent? Range
(monthly)
List
Rate
2 2 Garden 20 1,008 $665 $50 @50% Yes N/A N/A yes None
2 2 Garden 28 1,008 $725 $50 @60% Yes N/A N/A no None
3 2 Garden 18 1,142 $775 $50 @50% Yes N/A N/A yes None
3 2 Garden 25 1,142 $825 $50 @60% Yes N/A N/A no None
4 2 Garden 4 1,334 $820 $50 @50% Yes N/A N/A no None
4 2 Garden 5 1,334 $899 $50 @60% Yes N/A N/A no None
Unit Mix
@50% Face Rent Conc. Concd. Rent Util. Adj. Rent
2BR / 2BA $665 $50 $615 $0 $615
3BR / 2BA $775 $50 $725 $0 $725
4BR / 2BA $820 $50 $770 $0 $770
© Novogradac & Company LLP 2008 - All Rights Reserved.
@60% Face Rent Conc. Concd. Rent Util. Adj. Rent
2BR / 2BA $725 $50 $675 $0 $675
3BR / 2BA $825 $50 $775 $0 $775
4BR / 2BA $899 $50 $849 $0 $849