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Survey Ranks Apartment Amenities

Useful Website

A survey by a professor at the University of
Denver tracking 22 different apartment amenities shows some amenities pay off more than others.  Units providing an attached garage boast a 42.7% higher rent than the average rent for units without.  Dishwashers and fireplaces also pay off big-time with average monthly rents 33.9% and 32.6% higher respectively than units without.  Units with washer/dryer hookups carry a 30.8% premium.  Although it is a relatively expensive amenity, the lowest pay off amenity seems to be a clubhouse.  The professor admits that one feature alone may not be the determining factor for the rent
difference.

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Available Properties

5 year old apartment complex in Greer -- 152 Units, $8,400,000

2 year old apartment complex in Simpsonville -- 144 Units, $9,000,000

3 year old apartment complex in Lexington, SC -- 180 Units, $11,500,000

20 year old Mauldin apartment complex -- 128 Units, $4,200,000

38 acre retail site in Asheville, NC, near new Target Power Center -- $200,000 per acre

Approximately 12 acre site off North Pleasantburg, Zoned R-10 -- $9,000 per acre

9.6 acre multi-family site (RM) off White Horse Road -- $25,000 per acre