A three unit property, Green Street, has an apartment ($1050/month) over two commercial units- a...
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A three unit property, Green Street, has an apartment ($1050/month) over two commercial units- a jewelry store and a beauty salon. The jewelry store is rented for $350/mo in year 1, $375 in year 2 and $390 in the 3rd year. The beauty salon is rented for $820/month. A parking space is rented for $100/month. The vacancy rate is 2%. What is the effective gross rent to use in calculating NOI for this property
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