Laserfiche WebLink
Rent Comparability Grid Unit Type TWO BEDROOM <br />Subject Comp #1 Comp #2 Comp #3 Comp #4 Comp #5 <br />The Boulevard Data Woodlawn Terrace Cielo Apts. Spring Brook Apts. Landmark Estates River Pointe Apts. <br />2901 Mounds View Boulevard on 7639 Woodlawn Dr. 6051 Univeristy Ave. 111 83rd Ave. NE 5400 Landmark Cir. 7855 E. River Rd. <br />Mounds View, MN Subject Mounds View, MN Fridley, MN Fridley, MN Mounds View, MN Fridley, MN <br />A. Rents Charged Data $ Adj Data $ Adj Data $ Adj Data $ Adj Data $ Adj <br />1 $ Last Rent / Restricted?$835 $1,375 $1,099 $1,185 $929 <br />2 Date Surveyed Apr-17 Apr-17 Apr-17 Apr-17 Apr-17 <br />3 Rent Concessions None None None None None <br />4 Occupancy for Unit Type 100% 100% 99% 100% 98% <br />5 Effective Rent & Rent/ sq. ft $835 0.86 $1,375 1.25 $1,099 1.12 $1,185 1.06 $929 0.97 <br />B. Design, Location, Condition Data $ Adj Data $ Adj Data $ Adj Data $ Adj Data $ Adj <br />6 Structure / Stories EE/3 WU/3 EE/4 WU/3 WU/3 WU/2.5 <br />7 Yr. Built/Yr. Renovated 2019 1978 $41 2016 $3 1986 $33 1985 $34 1972 $47 <br />8 Condition /Street Appeal E G $15 E G $15 G $15 G $15 <br />9 Neighborhood G GGGGG <br />10 Same Market? Yes Yes Yes Yes Yes <br />C. Unit Equipment/ Amenities Data $ Adj Data $ Adj Data $ Adj Data $ Adj Data $ Adj <br />11 # Bedrooms 2 22222 <br />12 # Baths 2 1 $30 1 $30 1 $30 1 $30 1 $30 <br />13 Unit Interior Sq. Ft.929 975 ($12)1104 ($46)980 ($13)1120 ($50)962 ($9) <br />14 Balcony/ Patio N NY($5)Y ($5)Y ($5)N <br />15 AC: Central/ Wall W WC($5)WC($5)C ($5) <br />16 Range/ Refrigerator R/F R/F R/F R/F R/F R/F <br />17 Microwave/ Dishwasher N/Y N/Y Y/Y ($5)Y/Y ($5)N/Y N/Y <br />18 Washer/Dryer W/D L $35 W/D L $35 W/D L $35 <br />19 Floor Coverings C CCCCC <br />20 Window Coverings B BBBBB <br />21 Intercom/Security System N/N N/N Y/N ($3)Y/N ($3)N/N N/N <br />22 Garbage Disposal N Y ($5)NY($5)NY($5) <br />23 Ceiling Fans N Y ($5)NY($5)NN <br />D Site Equipment/ Amenities Data $ Adj Data $ Adj Data $ Adj Data $ Adj Data $ Adj <br />24 Parking ( $ Fee)P-GAR LOT/$0 $30 LOT/$0 $30 LOT/$0 $30 LOT/$0 $30 LOT/$0 $30 <br />25 On-Site Management Y YYYYY <br />26 Security Gate N NNNNN <br />27 Clubhouse/ Meeting Space Y N$5YYN$5Y <br />28 Pool/ Recreation Areas F P ($5)F P/F/J/S ($16)P/F/J ($13)P/F ($10) <br />29 Computer/Business Center N NNNNN <br />30 Picnic Area/Storage N/Y N/N $5 Y/N Y/N N/N $5 Y/N <br />31 Playground Y YN$3YN$3Y <br />32 Social Services N NNNNN <br />E.Utilities Data $ Adj Data $ Adj Data $ Adj Data $ Adj Data $ Adj <br />33 Heat (in rent?/ type)Y/G Y/G N/G $38 N/G $38 N/G $38 Y/G <br />34 Cooling (in rent?/ type)N/E N/E N/E N/E N/E N/E <br />35 Cooking (in rent?/ type)N/E N/E N/E N/E N/E Y/G ($5) <br />36 Hot Water (in rent?/ type)Y/G Y/G N/E $28 N/G $11 N/G $11 Y/G <br />37 Other Electric N NNNNN <br />38 Cold Water/ Sewer Y/Y Y/Y Y/Y N/N $38 Y/Y N/N $38 <br />39 Trash /Recycling Y/N Y/N Y/N N/N $27 Y/N N/N $27 <br />F. Adjustments Recap Pos Neg Pos Neg Pos Neg Pos Neg Pos Neg <br />40 # Adjustments B to D 7 4 4 5 5 7 7 4 5 4 <br />41 Sum Adjustments B to D $161 ($27)$66 ($64)$143 ($52)$122 ($73)$157 ($29) <br />42 Sum Utility Adjustments $66 $114 $49 $65 ($5)Net Gross Net Gross Net Gross Net Gross Net Gross <br />43 Net/ Gross Adjmts B to E $134 $188 $68 $196 $205 $309 $98 $244 $188 $256 <br />G.Adjusted & Market Rents Adj. Rent Adj. Rent Adj. Rent Adj. Rent Adj. Rent <br />44 Adjusted Rent (5+ 43)$969 $1,443 $1,304 $1,283 $1,117 <br />45 Adj Rent/Last rent 116% 105% 119% 108% 120% <br />46 Estimated Market Rent $1,225 $1.32 Estimated Market Rent/ Sq. Ft