Multifamily Summary U.S. Department of Housing and Urban ...

1 Previous editions are obsolete form HUD-92264 (8/95)ref Handbook 1 of 8 Site Information14. Dimensions15a. Zoning (If recently changed, submit evidence)ft. byft. orsq. Zoning Compliance Legal Illegal Legal nonconforming (Grandfathered use) No zoning15c. Highest and Best Use as Improved Present use Proposed use Other use (explain)15d. Intended M/F Use (summarize: , Market Rent: Hi - Med. - Lo-End; Rent Subsidized; Rent Restricted with or without Subsidy; Applicable Percentages) Multifamily SummaryAppraisal ReportThis form is in compliance with the requirements of the Uniform Standards of Professional Appraisal Practice for written reports, except where the JurisdictionalException is invoked to allow for minor deviations, as noted technical direction is contained in the HUD Handbooks referenced in the lower right Processing Stage SAMA Feasibility (Rehab) FirmProperty Rights Appraised Fee Simple LeaseholdPurpose.

2 This appraisal evaluates the subject property as security for a long-term insured mortgage. Included in the appraisal (consultation for Section 221)are the analyses of market need, location, earning capacity, expenses, taxes, and warranted cost of the The Appraiser has developed, and hereunder reports, conclusions with respect to: feasibility; suitability of improvements; extent, quality, and durationof earning capacity; the value of real estate proposed or existing as security for a long-term mortgage; and several other factors which have a bearing on theeconomic soundness of the subject NameProject Number1. Street Street3. Municipality4a. Census Tract Placement Code4c.

3 Legal Description (Optional)5. County6. State and Zip Code7. Type of Project Highrise 2 - 5 sty. No. Stories 9a. Foundation9b. Basement Floor Elevator(s)_____ Walkup Row House Slab on Grade Full Basement Structural Slab Detached Semi-Detached Town House Partial Basement Crawl Space Slab on GradeA. Location and Description of Number of Units12. No. of 13a. List Accessory Bldgs. and AreaBldgs. Proposed Revenue Non-Rev. Existing13b. List Recreation Facilities and Area13c. Neighborhood DescriptionLocation Urban Suburban RuralBuilt Up Fully Developed Over 75% 25 % to 75% Under 25%Growth Rate Rapid Steady SlowProperty Values Increasing Stable DecliningDemand/Supply Shortage In Balance OversupplyRent Controls Yes No LikelyPresent Land Use_____ % 1 Family _____ % 2 to 4 Family_____ % Multifamily _____% Condo/Coop_____ % % Industrial_____ % VacantChange In Use Not Likely Likely Taking PlaceFrom_____ to _____PredominantOccupancy Owner Tenant____ % VacantDescription of Neighborhood.

4 (Note: Race and racial composition of the neighborhood are not appraisal factors.) Describe the boundaries of the neighborhood and those factors,favorable or unfavorable, that affect marketability, including neighborhood stability, appeal, property conditions, vacancies, rent control, Information16a. Yr. Built 16b. Manufactured Housing Conventionally Built17a. Structural System 17b. Floor System 17c. Exterior Finish 18. Heating-A/C System Modules Department of Housing and Urban DevelopmentOffice of HousingFederal Housing CommissionerOMB Approval No. 2502-0029(exp. 09/30/2016)Previous editions are obsolete form HUD-92264 (8/95)ref Handbook 2 of 819. Date Acquired20.

5 Purchase Price21. Additional Costs22. If Leasehold,23a. Total Cost23b. Outstanding Paid or Accrued Annual Ground Rent Balance$$$$ $B. Additional Information Concerning Land or Property24a. Relationship (Business, Personal, or Other)24b. Has the Subject Property been sold in the past 3 years? Yes No If "Yes," explain:Between Seller and BuyerC. Estimate of Income (Attach forms HUD-92273, 92264-T, as applicable)27. No. of EachRentable Living AreaUnit RentTotal Monthly RentFamily Type Unit(Sq. Ft.)Composition of Unitsper Mo. ($)For Unit Type ($)(a)(b)(c)(d)(e)(f)(g)(h)(i)28. Total Estimated Rentals for All Family Units$29. Number of Parking Spaces Offstreet Parking and Other Non-Commercial Ancillary Income (Not Included in Unit Rent) Attended_____Open Spaces _____@ $ _____per month = $ _____Covered Spaces_____@ $ _____per month = $ _____ Self Park_____Laundry _____ Sq.

6 Ft. or Living Units @ _____per month = $ _____Other _____per month = $ _____Total Spaces_____ Other _____per month = $ _____Total Monthly Ancillary Income$25. Utilities Public Community Distance from Site 26. Unusual Site FeaturesWater_____ Cuts Fills Rock Formations Erosion Poor Drainage NoneSewers_____ High Water Table Retaining Walls Off Site Improvements Other (Specify)33. Gross Floor Area34. Net Rentable Residential Area35. Net Rentable Commercial AreaSq. Total Estimated Monthly Gross Income at 100 Percent Occupancy$32. Total Annual Rent (Item 31 x 12 months)$36. Non-Revenue Producing SpaceType of EmployeeNo. of UnitLocation of Unit in Project30.

7 Commercial Income (Attach Documentation)Area-Ground Level _____ sq. ft. @ $ _____ per sq. = $ _____Other Levels _____ sq. ft. @ $ _____ per sq. = $ _____Total Monthly$Commercial Income= Benefit Expense (PBE) (May produce additional revenue and expenses to be considered above and below.)Tenant Employee-Paid Utilities Type(s)_____ Monthly Cost $ _____Landlord Employer-Paid Utilities Type(s)_____ Monthly Cost $ _____Previous editions are obsolete form HUD-92264 (8/95)ref Handbook 3 of 837a. Unit AmenitiesRanges (Gas or Elec.)Disposal/CompactorRefrig. (Gas or Elec.)Air Conditioning (central or window)Micro WaveDishwasherCarpetWindow treatment (blinds, drapes, shades)Balcony/PatioFireplace(s) hookups (in units)Upper level vaulted ceiling/Skylight(s) (in units)Security System(s) (Describe)Other(Specify)D.

8 Amenities and Services Included in Rent (Check and circle appropriate items; fill-In number where Indicated)37b. Project AmenitiesGuest room(s) room(s) room(s) Pool(s) room(s) (s) Court(s) area(s) Facilities (coin)Project Security System(s) (Describe) Jacuzzies/Community Whirlpool(s) (specify)Administrative1. Advertising$_____2. Management$_____3. Other$ Administrative$ _____Operating5. Elevator Main. Exp.$ _____6. Fuel (Heating and Domestic Hot Water) $_____7. Lighting & Misc. Power$ _____8. Water$ _____9. Gas$ _____10. Garbage & Trash Removal$ _____11. Payroll$_____12. Other$ Operating$ _____Maintenance14. Decorating$_____15. Repairs$_____16. Exterminating$_____17.

9 Insurance$_____18. Ground Expense$ _____19. Other$ _____ Maintenance$ _____ 21. Replacement Reserve ( x total structures Line G41)or ( x MTG. for Rehab)$ _____ Operating Expense$ _____Taxes 23. Real Estate: Est. Assessed Value $_____at $ _____ per $1000$ _____24. Personal Prop. Est. Assessed Value $_____at $ _____ per $1000$ _____ 25. Empl. Payroll Tax$ _____ 26. Other$ _____ 27. Other$ _____ Taxes$ Expense (Attach form HUD-92274, as necessary) $_____E. Estimate of Annual Expense38. ServicesGas: Heat Hot Water Cooking Air ConditioningElec: Heat Hot Water Cooking Air Conditioning : Heat Hot Water Water Other (specify)39. Special Assessmentsa. Prepayable Non-Prepayableb.

10 Principal Balance $ _____c. Annual Payment $ _____d. Remaining Term_____ Years37c. Unit RatingGood of ImprovementRoom Sizes and LayoutAdequacy of Closets and StorageKitchen Equip., Cabinets, WorkspacePlumbing - Adequacy and ConditionElectrical - Adequacy and ConditionSoundproofing - Adequacy and ConditionInsulation - Adequacy and ConditionOverall LivabilityAppeal and Marketability37d. Project RatingGood AppearanceAmenities & (units per acre)Unit MixQuality of Construction (matl. & finish)Condition of ExteriorCondition of InteriorAppeal to MarketSoundproofing - VerticalSoundproofing - HorizontalPrevious editions are obsolete form HUD-92264 (8/95)ref Handbook 4 of 8c.