a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
a market conditions and project evaluation summary of - Georgia ...
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Effective Rent Date 5/02/2012<br />
Location 3529 Robins L<strong>and</strong>ing Way<br />
Decatur, GA 30032<br />
Dekalb County<br />
Distance 4 miles<br />
Units 304<br />
Vacant Units<br />
Vacancy Rate<br />
18<br />
5.9%<br />
Type Garden (3 stories)<br />
Year Built/Renovated<br />
Marketing Began<br />
Leasing Began<br />
Last Unit Leased<br />
Major Competitors<br />
Tenant Characteristics<br />
Contact Name<br />
Phone<br />
Program<br />
Annual Turnover Rate<br />
Units/Month Absorbed<br />
HCV Tenants<br />
Leasing Pace<br />
Annual Chg. in Rent<br />
Concession<br />
1980 / 1999<br />
N/A<br />
N/A<br />
1/24/2005<br />
PROPERTY PROFILE REPORT<br />
East Lake Apartments<br />
Majority are local but 20 to 30% come from out<br />
<strong>of</strong> state. Many work in the food service industry.<br />
Cyrus<br />
404.289.7797<br />
@60%<br />
10%<br />
N/A<br />
30%<br />
Two weeks<br />
Varied; contact could not verify<br />
Reduced rent<br />
Robins L<strong>and</strong>ing Apartments<br />
Market Information Utilities<br />
Unit Mix (face rent)<br />
A/C<br />
Cooking<br />
Water Heat<br />
Heat<br />
Other Electric<br />
Water<br />
Sewer<br />
Trash Collection<br />
not included -- central<br />
not included -- electric<br />
not included -- electric<br />
not included -- electric<br />
not included<br />
included<br />
included<br />
included<br />
Beds Baths Type Units Size (SF) Rent Concession Restriction Waiting Vacant Vacancy Max Rent? Range<br />
(monthly)<br />
List<br />
Rate<br />
1 1 Garden<br />
(3 stories)<br />
40 750 $650 $131 @60% None N/A N/A no None<br />
2 1 Garden<br />
(3 stories)<br />
144 950 $729 $160 @60% None N/A N/A no None<br />
2 1 Garden<br />
(3 stories)<br />
40 1,050 $739 $140 @60% None N/A N/A no None<br />
2 1 Garden<br />
(3 stories)<br />
40 1,100 $749 $140 @60% None N/A N/A no None<br />
3 2 Garden<br />
(3 stories)<br />
32 1,250 $965 $216 @60% None N/A N/A no None<br />
4 2 Garden<br />
(3 stories)<br />
8 1,375 $1,106 $257 @60% None N/A N/A no None<br />
Unit Mix<br />
@60% Face Rent Conc. Concd. Rent Util. Adj. Rent<br />
1BR / 1BA $650 $131 $519 -$3 $516<br />
2BR / 1BA $729 - $749 $140 - $160 $569 - $609 -$4 $565 - $605<br />
3BR / 2BA $965 $216 $749 -$6 $743<br />
4BR / 2BA $1,106 $257 $849 -$7 $842<br />
© Novogradac & Company LLP 2008 - All Rights Reserved.
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