Main street apartments has 4 apartments rented at $1075/month.Laundry income of $5370 per year and 11 storage lockers rented at

Main street apartments has 4 apartments rented at $1075/month.Laundry income of $5370 per year and 11 storage lockers rented at

Question:

Don't use plagiarized sources. Get Your Custom Assignment on
Main street apartments has 4 apartments rented at $1075/month.Laundry income of $5370 per year and 11 storage lockers rented at
From as Little as $13/Page

Main street apartments has 4 apartments rented at $1075/month.Laundry income of $5370 per year and 11 storage lockers rented at $30 per month.  The vacancy rate is 1.6%. 

What is the effective gross income used in calculating NOI for this property?

Expert Answer:

Answer rating: 100% (QA)

SOLUTION To calculate the effective gross income EGI for Main Street Apartments we need to add
View the full answer