Detailed Property Information

Income Summary

Data last updated on: 5/6/2024     Ownership current as of: 5/3/2024     Tax Year: 2024
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
Income Location Average
Economic Year Built
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
1 Br/1 Ba - 619 SfUNITS 120 $7,200.00 $864,000.00
2 Br/2 Ba - 832 SfUNITS 48 $9,300.00 $446,400.00
2 Br/2 Ba W/Fpl- 847sfUNITS 72 $9,600.00 $691,200.00


Total Units 240
Total Sqft 0
Total Potential Gross Income $2,001,600.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $160,128.00
     Deductions Total (% of PGI) 8.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $1,841,472.00
 
Total Expenses $0.00
Total Expenses Override $644,515.20
NET Income $1,196,956.80
     Percentage of PGI 59.800%
     Percentage of EGI 65.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.085000


Total Value $14,081,844.71
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $14,081,800.00
Final Value Override $0.00