Detailed Property Information

Income Summary

Data last updated on: 4/25/2024     Ownership current as of: 4/16/2024     Tax Year: 2024
REID 6817526785000

PIN # 6817-52-6785

Location Address Property Description
2710 Fairlawn DR REYNOLDA MANOR APARTMENTS LO:206 BL:3463 BU:1
   
Property Owner Owner's Mailing Address
FAIRLAWN DRIVE PROPERTIES LLC
711 HARVEY ST
RALEIGH NC 27608
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Tax Bill
Map
Income Modeling
Income Model Type
Income Location Average
Economic Year Built
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
1br/1ba (Eff)-503 sfUNITS 8 $4,320.00 $34,560.00
1br/1ba-764 sfUNITS 8 $4,620.00 $36,960.00
2br/1ba-832 sfUNITS 52 $4,920.00 $255,840.00
Townhome-1,140 sfUNITS 18 $6,720.00 $120,960.00


Total Units 86
Total Sqft 0
Total Potential Gross Income $448,320.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $35,865.60
     Deductions Total (% of PGI) 8.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $412,454.40
 
Total Expenses $0.00
Total Expenses Override $144,359.04
NET Income $268,095.36
     Percentage of PGI 59.800%
     Percentage of EGI 65.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.097500


Total Value $2,749,696.00
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $2,749,700.00
Final Value Override $0.00