Question: You are considering developing 2 buildings (32 units each) on a 4-Acre lot (2-Acre waterfront, 2-Acre rare land). Annual costs have the following characteristics. Annual
You are considering developing 2 buildings (32 units each) on a 4-Acre lot (2-Acre waterfront, 2-Acre rare land). Annual costs have the following characteristics. Annual revenues have the following characteristics: Item Unit Revenue Waterfront lot unit lease with 90% occupancy. $2.5 K / unit per month Rare lot unit lease with 90% occupancy. $1.75 K / unit per month Other $5 K / month What is the annual revenue for rare-lot unit leases? What is the annual revenue for waterfront- lot unit leases? What is the total annual revenue related to this project? [Choose ] [Choose ] [Choose ]
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