| Apartments, Duplexes and Triplexes |
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| Written by Greg | ||
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| This review of Apartment Housing includes Duplex and Triplex properties. We define some property factors used by property owners who decide whether to manage residential property as Apartment Homes versus selling the property as homes, condominiums, townhouses, or other uses. We look at the revenues provided by apartment residents, the associated costs, and some variables that improve rent rates and occupancy rates. |
| Apartment Class | General Size | Unit Parking | Rent Range | Total Market | % Vacant *** | ||||||||||
| Studio / 1 Bath | 500 sq ft | 1+ space | Varies ** | XXX units | X % | ||||||||||
| 1 Bedroom / 1 Bath | 700 sq ft | 1+ space | Varies ** | X,XXX units | XX % | ||||||||||
| 2 Bedroom / 2 Bath | 900 sq ft | 1+ space | Varies ** | X,XXX units | XX % | ||||||||||
| 3 Bedroom / 2 Bath | 1100 sq ft | 2+ space | Varies ** | X,XXX units | XX % | ||||||||||
| 4 Bedroom / 3 Bath | 1900 sq ft | 2+ space | Varies ** | XXX units | X % | ||||||||||
| Cost Types | Costs Due | # Units | Cost / Unit | %V Ratio | Adj. Cost/Unit | |||||
| Property Acquisition Costs | ||||||||||
| Building Improvement Costs | ||||||||||
| Owner's Pre-Lease Carrying Costs | ||||||||||
| Monthly Mortgage with Taxes Costs | ||||||||||
| Monthly Operating Costs | ||||||||||
| Monthly Maintenance Costs | ||||||||||
| Property Marketing Costs | ||||||||||
| ** | Rental Rates Vary by Market Conditions. We are currently researching rental rates to display some sample rental rate that effect a majority of markets. |
| *** | We are currently investigating options to compute a general vacancy figure for specific real estate markets. If we can not compute realistic numbers here, we may decide to omit this data. |