Income Summary

Data last updated on: 8/14/2026     Ownership current as of: 8/11/2026     Tax Year: 2026
REID 121591

PIN # 0810-47-2088

Location Address Property Description
3806 UNIVERSITY DR PROP-3117 SHANNON RD LLC & MCREE FAMILY PROP/LT#07 PL:000198-000067
   
Property Owner Owner's Mailing Address
MREF IV UHILL LLC
701 BRICKELL AVE STE 1400 ATTN: EDUARDO GRUENER, MAURICIO GRU
MIAMI FL 33131
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Map
Income Modeling
Income Model Type AprtHR Md 1 Cl A SD
Income Location Excellent
Economic Year Built 2019
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
STUDIO / EFFICIENCYUNITS 27 $16,608.00 $448,416.00
1 BEDROOMUNITS 150 $20,160.00 $3,024,000.00
2 BEDROOMUNITS 85 $27,036.00 $2,298,060.00
3 BEDROOMUNITS 7 $32,868.00 $230,076.00


Total Units 269
Total Sqft 0
Total Potential Gross Income $6,000,552.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $600,055.20
     Deductions Total (% of PGI) 10.000%
Misc Income $419,640.00
     Misc Income (% of PGI) 6.993%
Total Effective Gross Income $5,820,136.80
 
Total Expenses $0.00
Total Expenses Override $1,600,537.62
NET Income $4,219,599.18
     Percentage of PGI 70.320%
     Percentage of EGI 72.500%
 
Final Value

Income Method Overall Rate
Rate Used 0.059015


Total Value $71,500,452.09
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $71,500,452.00
Final Value Override $0.00
Copyright © 2022 Durham County, North Carolina.