Market study



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Unit Amenity Chart


Legend
X = All Units S = Select Units M = Master Bedroom R = Resident Pays LL = Landlord Pays


Amenity

Subject

#1

#2

#3

#4

#5

#6

#7

#8

#9

#10

#11

#12

#13

#14

Blinds

X

 

X

X

X

 

X

X

X

X

 

X

X

X

X

Ceiling Fans

 

 

 

X

 

 

 

 

 

 

 

 

 

X

 

FF Refrigerator

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Stove

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Microwave

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disposal

 

 

X

 

 

 

 

X

 

X

 

X

X

X

X

Dishwasher

X

X

X

X

X

 

X

X

 

 

X

X

X

X

X

Washer/Dryer Units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Washer/Dryer Conn.

X

X

X

X

X

X

X

X

 

 

X

X

X

X

X

Patio/Balcony

X

X

X

X

X

 

X

X

X

 

 

X

X

X

X

Carpet

X

 

X

X

X

X

X

X

X

X

X

X

X

X

X

Fireplace

 

 

 

 

 

 

 

 

 

 

 

 

X

 

 

Walk-in Closet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pantry

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Linen Closet

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Coat Closet

 

 

 

X

 

 

 

 

 

 

 

 

 

X

 

Central AC

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Private Storage

 

 

 

X

 

 

 

 

 

 

 

 

 

X

 

Common Entry

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Private Entry

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Cable TV

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Alarm System

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vaulted Ceilings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


COMPARABLES CHART







Number of Units by Configuration

Rent by Configuration

Square Feet by Configuration

Complex Name

Units

Program

Occ.

Yr. Blt

1/1

2/1

2/2

3/2

4/2

1/1

2/1

2/2

3/2

4/2

1/1

2/1

2/2

3/2

4/2

Subject

55


LIHTC

30%, 50%, 60%


N/a

Pro.







35

20









$189


$395

$410

$210

$450


$465









1,103


1,248

1,248

1,225

1,591


1,591




Towering Pines

60

LIHTC

60%



100%

1994










60












$500













980




SunChase

80


LIHTC

60%

100%

1998







50

30










$438

$545










880

1,025





Woodpine Way

96


LIHTC 60%

100%

2001

24

48




24




$432

$498




$555




816

996




1,207




Rivercrest


120


LIHTC 50%

97%

1998










120














$565

$575














1,202

1,242





Lockett Station

40


LIHTC 50%

100%

1995




8




32







$395




$450







960




1,160





Barkley Estates

65


LIHTC

30%, 50%, 60%


N/a

Pro.







38

27


































Ashley Riverside

132


LIHTC

30%, 60%, Market


96%

2005

12

23

56

41




$270


$428

$510

$325


$577


$615

$375


$656

$675




615

900


952


1,038

1,082


1,082

1,137





Mt. Zion

148

Section 8

91%

1969

52

40




32

26

Pbra

Pbra




Pbra

Pbra

703

797




896

1,066

Pointe North

74


LIHTC

50%

100%


1984

2001

61




13







$395





$460

$475







580




760








Rams Arms

24

Market

100%

1999







24













$450













890








Shoreham

176

LIHTC 50%

99%

1966

30

62

62

22




$425

$480

$515


$555

$585




770

960

990


1,120

1,150





Springs

50

Market

100%

1975

8

32




10




$375

$425




$525




672

850




1,012




Westover

96

LIHTC

30%, 50%, 60%



97%

2006

24




48

24



$348


$439



$406


$515

$461


$587



769




1,041

1,264





Windover

152

Market

93%

1963

25




102

25




$329

$399


$389

$459


$410

$479


$489

$569





636

812

894

1,294






RENT COMPARABLE NO. 1

TOWERING PINES

1200 TOWERING PINES

Albany, GA 31705

Mary 229-434-1155





No. Units


Type


S.F.


Rent

Vacant Units

60

3 BR / 1.5 BA

980

$500

0

PROPERTY DESCRIPTION



Date Built:


1994 / 1996


No. Stories:



1

No. Units:


30

Exterior:


Masonite

Parking:

Open

Occupancy:


100%

Roof System:


Pitched

Elevator:

No

Surveyed:

06/09/07

Section 8:


Yes

Sec. Dep.:

$200

App. Fee:
Concessions:

$0
None



Comments: LIHTC 60% property in fair condition. 2 phases, with 30 units in each phase.

Wait list actively worked. There are currently 7 on the waiting list.

UTILITY STRUCTURE # 1







Resident







Landlord










Electric

Gas

Other

Electric

Gas

Other

Cooking

[X]

[]

[]

[]

[]

[]

Heating

[X]

[]

[]

[]

[]

[]

Hot Water

[X]

[]

[]

[]

[]

[]

Cold Water

[]

[]

[]

[]

[]

[X]

Sewer

[]

[]

[]

[]

[]

[X]

Trash

[]

[]

[]

[]

[]

[X]

Pest Control

[]

[]

[]

[]

[]

[X]

Electricity

[X]

[]

[]

[]

[]

[]

Air Cond.

[X]

[]

[]

[]

[]

[]

SITE AMENITIES


Clubhouse/Community Rm

[] []




Controlled Entry

[]




Basketball

[]

Fitness Room

[]




Buzzer/Intercom

[]




Volleyball

[]

Racquetball Courts

[]




Video Surveillance

[]




Jogging

[]

Sauna

[]




Perimeter Fence

[]




Golf Course

[]

Pool(s)

[]




Open Parking

[]




Lake

[]

Spa(s)

[]




Secured Parking

[]




Laundry Room

[]

Tennis Courts

[]




Garage

[]




Car Wash

[]

Playground

[]




Carport

[]




Fire Alarm System

[]

Picnic Areas/Grill

[] []




Library

[]




Social Programs

[]










Shuffleboard

[]




Elevator

[]

UNIT FEATURES


Window Coverings

[]




W/D Connection

[X]




Alarm System

[]

Ceiling Fans

[]




W/D Units

[]




Cable TV

[X]

FF Refrigerator / Ice Maker

[X] []




Vaulted Ceiling

[]




A/C

[C]

Dishwasher

[X]




Fireplace

[]




Private Storage

[]

Disposal

[]




Coat Closet

[]




Flat / TH

[X] []

Stove/Self Clean

[X] []




Linen Closet

[]




Common Entry

[]

Microwave

[]




Walk in Closet

[]




Private Entry

[X]

Pantry

[]




Carpet

[]




Hardwood Floors

[]

Emergency Pull cords

[]




Tile

[X]




Patio / Balcony

[X]

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