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91-22 AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
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91-22 AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
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8/22/2016 4:40:44 PM
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Resolution/Ordinance
Res Ord Num
91-22
Res Ord Title
AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
Approved Date
2/4/1991
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deteriorated in many areas. <br /> RENTAL INCOME <br /> Subject is owner occupied so a hypothetical market rent <br /> was derived from the market place and our past file <br /> information. The following rental data was considered in <br /> this rental analysis: <br /> LOCATION S.F. PER YEAR RENT <br /> 2510 Parkway. Court $ 3 . 00 <br /> 2520 Parkway Court $ 3 . 50 <br /> 2767 N. Main 5treet $ 3 .75 <br /> 2801 Parkway Drive $ 3 . 00 <br /> 2045 E. Olive Street $ 1. 53 <br /> 1605 N. 21st Street $ 4.71 <br /> 1828 Hubbard Ave $ 2 . 25 <br /> Reas Bridge Road $ 1. 64 <br /> #60 Industry Ct. $ 1.41 <br /> �88 Industry Ct. $ 1.25 <br /> After considering the rental data plus location, age and <br /> size of subject pro�erty it is our opinion that the proper <br /> market rent for sub�ect property should be $1. 50 per S.F. <br /> per year. Thus: <br /> 7, 280 Total S.F. of Rentable Area <br /> x 1.50 Estimated Market Rent per S.F. <br /> 10, 920 Estimate of Gross Annual Rent Income <br />
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