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A 50-unit apartment complex named Starkvegas Apartments has 30 one-bedroom units and 20 two- bedroom units. The one-bedroom units rent for $800 per month. The
A 50-unit apartment complex named Starkvegas Apartments has 30 one-bedroom units and 20 two- bedroom units. The one-bedroom units rent for $800 per month. The two-bedroom units rent for $1,000 per month. A potential buyer has noticed that 90 percent of the one-bedroom units are ochnd (10 percent vacant), and 95 percent of the two-bedroom units are occupied (5 percent vacany). The complex has other income (laundry and parking) of $25,000 per year. Total operating expenses for the property are $400,000 per year. What is the annual Potential Gross Income (PGI) for Starkvegas Apartments? $552,000 O $528,000 $ 46,000 $ 44,000 None of the Above
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