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

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Robins L<strong>and</strong>ing Apartments, continued<br />

Amenities<br />

In-Unit<br />

Balcony/Patio Blinds<br />

Carpeting Central A/C<br />

Dishwasher Ceiling Fan<br />

Garbage Disposal Oven<br />

Refrigerator Washer/Dryer<br />

Washer/Dryer hookup<br />

Property<br />

Basketball Court Clubhouse/Meeting<br />

Central Laundry Off-Street Parking<br />

On-Site Management Playground<br />

Swimming Pool<br />

Comments<br />

Security<br />

Limited Access<br />

Patrol<br />

Perimeter Fencing<br />

Premium<br />

None<br />

Services<br />

None<br />

Other<br />

Free after school care, <strong>and</strong><br />

Property Manager Cyrus stated that they almost always have reduced rents, <strong>and</strong> that very rarely someone will actually pay base rent. Currently the property sits at 94<br />

percent occupied <strong>and</strong> noted that most vacancies are in the two-bedroom units. He also indicated that the property typically stays between 94-96 percent occupied.<br />

Cyrus noted that he sees a strong dem<strong>and</strong> in the area for low-income housing as they typically get a lot <strong>of</strong> traffic. It was also montioned by Cyrus that locationally,<br />

they are located at a convenient location.<br />

© Novogradac & Company LLP 2008 - All Rights Reserved.

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