14490 full.pdf - Georgia Department of Community Affairs

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RENT AND VACANCY ANALYSIS THREE BEDROOM UNITS ALBANY, GEORGIA MAY 2002 SITE EFFECTIVE MARKET AREA TOTAL UNITS VACANCIES NET RENT NUMBER PERCENT NUMBER PERCENT $705 22 2.1% 0 0.0% $595 - $615 74 7.0% 4 5.4% $535 - $555 78 7.4% 3 3.8% $500 - $525 402 38.2% 3 0.7% $475 - $495 159 15.1% 8 5.0% $445 - $465 180 17.1% 10 5.6% $430 - $435 46 4.4% 0 0.0% $405 2 0.2% 0 0.0% $365 81 7.7% 4 4.9% $320 8 0.8% 0 0.0% TOTAL Median Net Rent: $500 1052 100.0% 32 3.0% Net Gross rent rent (for includes conventional the following rental housing utilities: developements) heat, water heating, includes cooking water, fuel, sewer, electricity, and trash removal. water/sewer, Adjusted and trash net rent pickup. is determined Any <strong>of</strong> these by subtracting utilities paid landlord-paid by the tenant utilities have been such added as gas, to electricity, the street rent. heat, and cable TV from quoted rent, as well as adding tenant-paid water, sewer, and trash removal if applicable. V-6
MAP CODE PROJECT NAME 1 TOWERING PINES TOWERING PINES LN. ALBANY GA (229) 888-5728 2 MILLER 2335 STUART AVE. ALBANY GA (229) 436-5354 3 NOTTINGHAM NORTH 2401 NOTTINGHAM WAY ALBANY GA (229) 436-9096 4 THE VILLAGE 2507 NOTTINGHAM WAY ALBANY GA (229) 439-8109 5 NOTTINGHAM 2337 SHARON DR. ALBANY GA (229) 432-9351 6 HUNTINGDON 2103 NOTTINGHAM WAY ALBANY GA (229) 439-9107 PROJECT INFORMATION ALBANY, GEORGIA SITE EFFECTIVE MARKET AREA MAY 2002 YEAR BUILT TOTAL UNITS 1994 30 1975 128 1973 161 1974 100 1971 146 1966 102 V7 PERCENT OCCUPIED COMMENTS 100.0% TAX CREDIT; ALL CURRENT RESIDENTS USE HUD SECTION 8 VOUCHERS 93.8% 91.9% 98.0% 97.9% 95.1% WAITING LIST; ACCEPT HUD SECTION 8
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National Leaders in Real Estate Res
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TABLE OF CONTENTS I. INTRODUCTION..
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I. INTRODUCTION A. OBJECTIVES This
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II. SCOPE OF SURVEY A complete anal
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• Tenants will be responsible for
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APARTMENT MARKET AREA SUMMARY UNITS
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• The project amenities the propo
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IV. CONCLUSIONS A. INTRODUCTION Thi
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the Site EMA's established annual r
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West East Jackson Street is directl
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Population and Households The popul
Page 23 and 24: 3. SITE EVALUATION Demand for the s
Page 25 and 26: Convenience to Entertainment The si
Page 27 and 28: e. Site Evaluation Conclusions Base
Page 29 and 30: SOUTH BORDER SITE SITE SOUTHWEST BO
Page 31 and 32: ��
Page 33 and 34: Jefferson Jefferson Jefferson Jeffe
Page 35 and 36: ��
Page 37 and 38: DISTRIBUTION OF POPULATION BY AGE A
Page 39 and 40: There were 39,656 total housing uni
Page 41 and 42: The following table summarizes empl
Page 43 and 44: 44,000 40,000 36,000 EMPLOYMENT AND
Page 45 and 46: ��
Page 47 and 48: The following table compares the cu
Page 49 and 50: Our demand analysis for the propose
Page 51 and 52: DEMAND BY TARGETED INCOME GROUP PER
Page 53 and 54: a. Market-Rate Following is a distr
Page 55 and 56: An evaluation of units renting at o
Page 57 and 58: A comparison of unit amenities at t
Page 59 and 60: TWO-BEDROOM COMPARISON TOTAL VACANT
Page 61 and 62: ecipient) is 1 to 2 per month. Howe
Page 63 and 64: 3. APARTMENT LOCATION MAP Maps desi
Page 65 and 66: 4. FEDERAL AND STATE-ASSISTED PROJE
Page 67 and 68: 6. PLANNED AND PROPOSED According t
Page 69 and 70: V. FIELD SURVEY OF MODERN APARTMENT
Page 71 and 72: YEAR OF PROJECT OPENING NUMBER OF P
Page 73: RENT AND VACANCY ANALYSIS TWO BEDRO
Page 77 and 78: MAP CODE PROJECT NAME 13 GREENBRIAR
Page 79 and 80: MAP CODE PROJECT NAME 25 REGENCY CL
Page 81 and 82: MAP CODE PROJECT NAME 37 THE OAKS 2
Page 83 and 84: MAP CODE PROJECT NAME 49 MC INTOSH
Page 85 and 86: MAP CODE 1 2 3 4 5 6 7 8 9 10 11 12
Page 87 and 88: MAP CODE 37 38 39 40 41 42 43 44 45
Page 89 and 90: COMPARABILITY INDEX MODERN APARTMEN
Page 95 and 96: MAP PROJECT CODE NAME 13 GREENBRIAR
Page 97 and 98: MAP PROJECT CODE NAME 37 THE OAKS 3
Page 99 and 100: MAP PROJECT CODE NAME EGNAR UNIT AM
Page 101 and 102: MAP PROJECT CODE NAME EGNAR ROTAREG
Page 103 and 104: MAP PROJECT CODE NAME EGNAR 45 HOLL
Page 105 and 106: UNIT AMENITIES DISTRIBUTION OF UNIT
Page 107 and 108: MAP CODE UNIT TYPE / UTILITY DETAIL
Page 109 and 110: MAP CODE UNIT TYPE / UTILITY DETAIL
Page 111 and 112: 1 TOWERING PINES TOWERING PINES LN.
Page 113 and 114: 7 THE WILLOWS 1401 WHISPERING PINES
Page 115 and 116: 13 GREENBRIAR 3110 GRAYSTONE LN. AL
Page 117 and 118: 19 GLENWOOD MANOR 2315 W. GORDON AV
Page 119 and 120: 25 REGENCY CLUB 2000 TOMPKINS AVE.
Page 121 and 122: 31 PRINCETON PLACE 539 N. WESTOVER
Page 123 and 124: 37 THE OAKS 2024 W. OGLETHORPE AVE.
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43 PATE HOMES 200 ARBOR CT. ALBANY
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49 MC INTOSH HOMES 618 N. DAVIS ST.
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55 WOODPINE WAY 421 SOUTH WESTOVER
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VII. HOUSING STARTS In an analysis
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UNITS HOUSING UNITS AUTHORIZED DOUG
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Population Characteristics —2000
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HOUSEHOLD DETAIL REPORT ALBANY, GEO
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B. INCOME MEDIAN PER HOUSEHOLD INCO
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DISTRIBUTION OF TOTAL PERSONAL INCO
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D. RETAIL SALES 2001 VIII-10 DOUGHE
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44,000 40,000 36,000 EMPLOYMENT AND
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UNITS BY STRUCTURE AND VACANCY RATE
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HOUSING QUALITY ALBANY AND DOUGHERT
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OWNER OCCUPANCY SUMMARY ALBANY AND
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Qualifications and Services About t
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for present and future development
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Consulting—In addition to market
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