14490 full.pdf - Georgia Department of Community Affairs
14490 full.pdf - Georgia Department of Community Affairs
14490 full.pdf - Georgia Department of Community Affairs
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TWO-BEDROOM COMPARISON<br />
TOTAL VACANT VACANCY NUMBER UNIT NET<br />
PROJECT<br />
UNITS UNITS RATE OF BATHS SIZE RENT<br />
WOODPINE WAY 48 0 0.0% 1.0 996 $359-<br />
$448<br />
SUNCHASE 50 0 0.0% 1.0 N/A $381<br />
LOCKETT STATION 10 0 0.0% 1.0 N/A $375<br />
RIVERCREST UNIT TYPE NOT OFFERED<br />
SOUTH ALBANY<br />
79 N/A N/A 1.0-2.0 864-<br />
VILLAGE (SITE)<br />
N/A – Not available<br />
1,038<br />
THREE-BEDROOM COMPARISON<br />
IV-45<br />
$430-<br />
$590<br />
TOTAL VACANT VACANCY NUMBER UNIT NET<br />
PROJECT<br />
UNITS UNITS RATE OF BATHS SIZE RENT<br />
WOODPINE WAY 24 0 0.0% 2.0 1,207 $405-<br />
$505<br />
SUNCHASE 50 0 0.0% 2.0 N/A $518<br />
LOCKETT STATION 30 0 0.0% 1.0-1.5 N/A $430-<br />
$450<br />
RIVERCREST 120 0 0.0% 2.0 1,108- $525<br />
SOUTH ALBANY<br />
VILLAGE (SITE)<br />
N/A – Not available<br />
1,202<br />
41 N/A N/A 2.0-2.5 1,082-<br />
1,198<br />
As the preceding bedroom analysis tables illustrate, the proposed project will have<br />
higher net rents than the competing properties. However, the proposed project<br />
<strong>of</strong>fers more amenities than the competing properties. When the proposed unit sizes<br />
(square feet) are compared with other comparable projects in the market, the<br />
proposed unit sizes appear to be appropriate for family occupancy.<br />
$520-<br />
$690
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