-m -m -m -mm    mm -   m - mm   -m -m -m mm - mm 
 
 
m- 
 
 
ESTABLISHMENT OF MARKET RENTS BASED ON 
COMPARABLE APARTMENT PROJECTS USING A 
          STANDARD TWO BEDROOM UNIT 
 
 
BASE RENT ADJUSTMENTS 
 
 
Bathroom   Covered  Washer/   Heat   Adjusted 
 
 
       Name of Development/ 
f      Address or Looation 
 
      Camelot Towers 
      1750 Fordem Avenue 
      Madison 
      241-4179 
      Munz (Developer) 
 
 
      Stone Ridge Apartments 
      329 Island Drive 
      Madison 
      231-1212 
 
 
 
      Yorktown Apartments I&II 
 
 
           Ten Coronado Court 
IS))       Madison 
          Resident Services (Mgr) 
            833-433t. 251-2840 
 
 
Carolina Apartments 
 
 
 
 
 
 
Normandy Apartments 
 
 
  One      Two     Three 
Bdroawa flndrogM fdrogM 
 
 
Number of Units 
Number of Vacant Units 
Uni't Size in Square Feet 
Rent Schedule 
Rent per Square Foot 
 
 
Number of Units 
Number of Vacant Units 
Unit Size in Square Feet 
Rent Schedule 
Rent per Square Foot 
 
 
Number of Units 
Number of Vacant Units 
Unit Size in Square Feet 
Rent Schedule 
Rent per Square Foot 
 
 
Number of Units 
Number of Vacant Units 
Unit Size in Square Feet 
Rent Schedule 
Rent per Square Foot 
 
 
    2 
 
    655 
  $390 
  .595 
 
 
  36 
 
  475-840 
$305-380 
.611-. 15 
 
 
  102 
 
770-"832 
$440-490 
*571-589 
 
 
 
    2 
950-1000 
$390-480 
$.11-.48 
 
 
--    946-1101 
--   $461-541 
--  $.*487-492 
 
 
694 
$360 
$.,519 
 
 
Number of Units 
Number of Vacant Units 
Unit Size in Square Feet 
Rent Schedule           $376 
Rent per Square Foot     -- 
 
 
864 
$120 
$. 486 
 
 
  4 
 
  1666 
$950 
$.570 
 
 
Balcony   Fireplace    Size     Parking   Dryer    $.042/   Rent 
 
 
--         --       +$20 
 
 
3 
 
 
+$20      +$20 
 
 
--         +$20 
 
 
. ..                 --       +$20 
 
 
900-1000 
$425-473 
$.072-.473 
 
 
+$20 
 
 
+$20      -$35 
 
 
 
 
 
+$20 
 
 
--       -$35 
 
 
+$20 
 
 
 
 
 
 
+$20 
 
 
$495  $ 
 
 
--     $540 $.540 
 
 
--     $446 $.472  - 
 
 
--     -$35    $425 $.505 
 
 
 
 
 
--     -35     $70  $,.522 
 
 
KEY TO ABOVE CHART: 
 
 
                                                               COVERED  
  WASHER &       HEAT 
FEATURES             BALCOýNY,    FIREPLACE     1-1/2 BATHS    PARKING
     DRYER        .042aSF 
                                                                        
    NOT         TENANT 
STANDARD UNIT          STD          STD            STD           STD    
    STD          PAYS 
 
ADJUSTNENT IF         ADD $15                    ADD $20 TO 
   NOT PRESENT         TO BASE     ADD $20        1/2 BATH      ADD $20 
   NONE          NONE 
 
ADJUSTMENT IF                                                           
  SUBTRACT     SUBTRACT 
   PRESENT.            NONE         NONE            NON4E        NONE   
    $35         $.0o42