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Rent Comparability Grid Unit Type THREE 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 $1,825 $1,434 $1,185 $1,279 <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% 100% 100% 97% <br />5 Effective Rent & Rent/ sq. ft $835 0.86 $1,825 1.42 $1,434 1.25 $1,185 1.06 $1,279 1.11 <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 3 2 $50 3 3 2 $50 3 <br />12 # Baths 2 1 $30 2 2 1 $30 2 <br />13 Unit Interior Sq. Ft.1045 975 $20 1286 ($70)1148 ($30)1120 ($22)1150 ($30) <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 $43 N/G $43 N/G $43 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 ($6) <br />36 Hot Water (in rent?/ type)Y/G Y/G N/E $35 N/G $14 N/G $14 Y/G <br />37 Other Electric N NNNNN <br />38 Cold Water/ Sewer Y/Y Y/Y Y/Y N/N $47 Y/Y N/N $47 <br />39 Trash /Recycling Y/N Y/N Y/N N/N $28 Y/N N/N $28 <br />F. Adjustments Recap Pos Neg Pos Neg Pos Neg Pos Neg Pos Neg <br />40 # Adjustments B to D 9 3 3 5 4 7 8 4 4 4 <br />41 Sum Adjustments B to D $231 ($15)$36 ($88)$113 ($69)$172 ($45)$127 ($50) <br />42 Sum Utility Adjustments $78 $132 $57 $75 ($6)Net Gross Net Gross Net Gross Net Gross Net Gross <br />43 Net/ Gross Adjmts B to E $216 $246 $26 $202 $176 $314 $184 $274 $146 $258 <br />G.Adjusted & Market Rents Adj. Rent Adj. Rent Adj. Rent Adj. Rent Adj. Rent <br />44 Adjusted Rent (5+ 43)$1,051 $1,851 $1,610 $1,369 $1,425 <br />45 Adj Rent/Last rent 126% 101% 112% 116% 111% <br />46 Estimated Market Rent $1,460 $1.40 Estimated Market Rent/ Sq. Ft