Based on current rents
of $350/mth. for
1 bdrm. and $400/mth. for
2 bdrm.

Mountain View Apts.

29 units

185 E. 13th Street

(21 two-bdrm. @ $400/mth)

(8 one-bdrm @ $350/mth)





Potential Rent Income             $134,400     
Less vacancy

(1% of PRI)


based on hist. perform.

Effective rental income            $133,056      
Plus other income                



Gross Operating Income              $141,456      


Real estate taxes




based on 1.1% of price

Property insurance $179 $5,200


Payroll/Onsite personnel $290 $8,400


manager's compensation

Repairs and maintenance $259 $7,500


Water and garbage $364 $10,550


Gas and electric $126 $3,650


Accounting and legal $31 $900


Licenses/Permits $18 $510



Supplies $19 $550


Misc. $31 $900


Manager's apartment $165 $4,800


Materials $97 $2,800


Total operating expenses        



42.21% of G.O.I.

Net operating income            



57.79% of G.O.I.




CAP Rate=6.1%        






This APOD has been prepared to provide summary information to prospective purchasers. Prospective investors should rely only on their own investigations or those of professionals with expertise in specific areas. Prospective investors are encouraged to come to their own conclusions independent of the information contained herein and are encouraged to consult with their own attorneys and accountants for legal and/or tax advice. The information contained in this APOD has been obatined from sources believed to be reliable, however Prudential Commercial Real Estate makes no warranty, representations or guarantees of any kind (express or implied) as to the accuracy of such information. All references to square footage, lot size, age of improvements, income or expenses should be considered as approximates only. Many factors presented can vary dramatically and are subject to changes in market conditions and circmstances beyond the control of Prudential Commercial Real Estate.