Detailed Property Information

Income Summary

Data last updated on: 1/1/0001     Ownership current as of: 4/18/2025     Tax Year: 2025
REID 6825553312000

PIN # 6825-55-3312

Location Address Property Description
1606 W First ST FIRST STREET APARTMENTS LO:005 BL:1859 BU:1
   
Property Owner Owner's Mailing Address
VRP PROPERTIES LLC
3208 COTTINGHAM CT
GREENSBORO NC 27410
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Tax Bill
Map
Income Modeling
Income Model Type Apartments S1
Income Location Average
Economic Year Built 2000
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
ApartmentsUNITS 4 $10,200.00 $40,800.00
apts-bsmtUNITS 1 $8,400.00 $8,400.00


Total Units 5
Total Sqft 0
Total Potential Gross Income $49,200.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $2,952.00
     Deductions Total (% of PGI) 6.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $46,248.00
 
Total Expenses $0.00
Total Expenses Override $11,562.00
NET Income $34,686.00
     Percentage of PGI 70.500%
     Percentage of EGI 75.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.070000


Total Value $495,514.29
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $495,500.00
Final Value Override $0.00