Income Summary

Data last updated on: 8/14/2026     Ownership current as of: 8/11/2026     Tax Year: 2026
REID 108226

 PIN # 0821-15-6623
Location Address Property Description
2003 HOUSE AVE PROP-SOUTHEAST PROPERTIES I/LT#01 DBA/GARDEN TERRA PL:000135-000147
   
Property Owner Owner's Mailing Address
LRB GARDEN TERRACE LLC
2814 CHAPEL HILL RD
DURHAM NC 27707
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Map
Income Modeling
Income Model Type AprtGdn Md 1 Cl D DD
Income Location Good
Economic Year Built 1964
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
2 BEDROOMUNITS 25 $12,780.00 $319,500.00


Total Units 25
Total Sqft 0
Total Potential Gross Income $319,500.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $15,975.00
     Deductions Total (% of PGI) 5.000%
Misc Income $27,000.00
     Misc Income (% of PGI) 8.451%
Total Effective Gross Income $330,525.00
 
Total Expenses $0.00
Total Expenses Override $148,736.25
NET Income $181,788.75
     Percentage of PGI 56.898%
     Percentage of EGI 55.000%
 
Final Value

Income Method Overall Rate
Rate Used 0.064370


Total Value $2,824,122.26
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $2,824,122.00
Final Value Override $0.00
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