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RENTAL MARKET ANALYSIS <br /> TABLE RMA-1 <br /> GENERAL OCCUPANCY RENTAL HOUSING <br /> CITY OF ELK RIVER <br /> October 2015 <br /> (Continued) <br /> Year Total <br /> Project Name/Address Built Units Vacant Unit Mix Unit Size Monthly Rent Price Per Sq.Ft, Comments <br /> Market Rate(continued) <br /> River Garden Apartments 1973 30 1 15-1BR 750 $725 $0.97 Three story building <br /> 337 Baldwin Ave 1 14-2BR 950 $800 $0.84 <br /> 0 1-3BR 1,000 $800 $0.80 <br /> Pineview Estates 1972 30 0 1-EFF 450 $625 $1.39 Three story building. <br /> 7/23 3rd Street 0 7-1BR 750 $725 $0.97 <br /> 0 22-2BR 950 $800 $0.84 <br /> Lake Orono Estates 1967 36 0 36-2BR 875 $785 -$825 $0.90 -$0.94 Three story building. Over 80%are families. <br /> 18594 Gary Street <br /> Market Rate Total 633 45 7.1% Vacancy Rate <br /> Affordable/Subsidized <br /> Coachman Ridge Nov. 52 0 9-1BR 796 $695 $0.87 <br /> 17250 Twin Lake 2015 0 26-2BR 1,097 $830 $0.76 <br /> (Affordable) 0 17-3BR 1,309 -1,332 $940 $0.71 -$0.72 <br /> The Depot of Elk River Station 2011 53 0 11-1BR 796 $738 $0.93 Four-story development. LIHTC affordable at 60% <br /> 10653 172nd Avenue NW 1 26-2BR 1,097-1,134 $880 $0.78-$0.80 of AMI. Wide mixture of residents <br /> (Affordable) 0 16-3BR 1,309-1,332 $995 $0.75-$0.76 <br /> Jackson Place 2007 32 0 16-1BR 712 $721 $1.01 Three story building Downtown. LIHTC affordable <br /> 300 Jackson Ave 0 16-28R 912 $825 $0.90 at 60%of AMI. Majority of tenants live alone. <br /> (Affordable) <br /> Dove Tree Apartments 1995 68 0 1- EFF n.a. n.a. Three story facilitiy. LIHTC affordable at 60%of <br /> 1105 Lions Park Dr 0 16- 1BR 675 $800 $1.19 AMI. Wide mix of resident types. <br /> (Affordable) 2 34- 2BR 891 $900 $1.01 <br /> 1 17- 3BR 1,134 $1,025 $0.90 <br /> Continued <br /> MAXFIELD RESEARCH&CONSULTING,LLC. 44 <br />