Detailed Property Information

Income Summary

Data last updated on: 1/1/0001     Ownership current as of: 5/1/2025     Tax Year: 2025
REID 6817628403000

PIN # 6817-62-8403

Location Address Property Description
2700 2 Reynolda RD CORNERS AT CRYSTAL LAKE LO:201 BL:3463B BU:1
   
Property Owner Owner's Mailing Address
CORNERS CRYSTAL LAKE GARDENS LP
999 WATERSIDE DR STE 2300
NORFOLK VA 23510
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Tax Bill
Map
Income Modeling
Income Model Type Apartments S2
Income Location Good
Economic Year Built 2001
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
1 Br/1 Ba - 619 SfUNITS 120 $9,600.00 $1,152,000.00
2 Br/2 Ba - 832 SfUNITS 48 $13,200.00 $633,600.00
2 Br/2 Ba W/Fpl- 847sfUNITS 72 $14,400.00 $1,036,800.00


Total Units 240
Total Sqft 0
Total Potential Gross Income $2,822,400.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $169,344.00
     Deductions Total (% of PGI) 6.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $2,653,056.00
 
Total Expenses $0.00
Total Expenses Override $795,916.80
NET Income $1,857,139.20
     Percentage of PGI 65.800%
     Percentage of EGI 70.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.075000


Total Value $24,761,856.00
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $24,761,900.00
Final Value Override $0.00