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Offering Memorandum
THE FLATS AT NORVIEW
6255 Alexander Street • Norfolk, VA 23513
1
NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to
be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other
person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to
provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of
interest in the subject property. The information contained herein is not a substitute for a thorough due diligence
investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with
respect to the income or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence or absence of contaminating
substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the
improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or
intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure
has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not
verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding
these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth
herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017
Marcus & Millichap. All rights reserved.
Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in
this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply
affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or
subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for
the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
THE FLATS AT NORVIEW
Norfolk, VA
ACT ID Y0600032
2
THE FLATS AT NORVIEW
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01
Offering Summary
Regional Map
Local Map
Aerial Photo
MARKET COMPARABLES 02
Sales Comparables
Rent Comparables
FINANCIAL ANALYSIS 03
Rent Roll Summary
Rent Roll Detail
Operating Statement
Notes
Pricing Detail
Acquisition Financing
MARKET OVERVIEW 04
Demographic Analysis
3
THE FLATS AT NORVIEW
INVESTMENT
OVERVIEW
4
THE FLATS AT NORVIEW
OFFERING SUMMARY
EXECUTIVE SUMMARY
VITAL DATA
Price $1,000,000 CURRENT YEAR 1
Loan Amount $750,000 CAP Rate 8.43% 9.83%
MAJOR EMPLOYERS
Loan Type Proposed New GRM 6.83 6.32
Net Operating
Interest Rate / Amortization 4.75% / 30 Years $84,278 $98,303 EMPLOYER # OF EMPLOYEES
Income
Net Cash Flow Newport News Shipbuilding 18,001
Price/Unit $55,556 14.93% / $37,330 20.54% / $51,355
After Debt Service
Price/SF $81.30 Total Return 19.56% / $48,903 25.40% / $63,490 United States Dept of Navy 13,958
Number of Units 18 Huntington Ingalls Inc 12,241
Rentable Square Feet 12,300 City of Virginia Beach 8,158
Number of Buildings 2
Riverside Healthcare Svcs Inc 8,000
Number of Stories 2
Norfolk Public Schools 6,765
Year Built / Renovated 1977 / 2004
Walmart 6,137
Lot Size 0.46 acre(s)
City of Newport News 5,663
Old Dominion University 5,343
UNIT MIX Wolseley Real Estate Inc 5,014
NUMBER APPROX. Boone Clinic 5,000
UNIT TYPE
OF UNITS SQUARE FEET
Smithfield Farmland Corp 4,678
8 1 Bed / 1 Bath Flat 600
10 2 Bed / 1 Bath Flat 750
DEMOGRAPHICS
18 Total 12,300
10-Miles 20-Miles 30-Miles
2016 Estimate Pop 718,578 1,343,949 1,565,672
2016 Census Pop 693,478 1,294,388 1,510,386
2016 Estimate HH 270,149 504,092 586,405
2016 Census HH 259,575 485,288 565,987
Median HH Income $53,563 $57,661 $58,000
Per Capita Income $27,560 $29,359 $29,302
Average HH Income $71,034 $76,585 $76,593
#5
THE FLATS AT NORVIEW
OFFERING SUMMARY
INVESTMENT OVERVIEW
The Flats at Norview offers potential buyers the opportunity to purchase a well-maintained asset with tremendous upside potential. By implementing a comprehensive
management plan, a new owner and management company could greatly improve the occupancy and operations while reducing utility expenses. The property has no
deferred maintenance with capital improvements to the parking lot and exterior landscaping.
As is, the portfolio offers potential Investors a 14.93 percent cash on cash return. By reducing the number of variable expenses such as insurance, general and
administrative (including marketing and advertising), a new owner could achieve a cash on cash return over 20 percent.
The Norfolk Premium Outlets, a 332,000 sq ft outlet mall located just 3 miles away, opened June 2017 and will have 50 retail and restaurant locations for residents and
tourists to experience high end shopping. The completion of the outlets will add an additional 500 new full time jobs to the local sub-market. The outlets paired with the
location of I-64, give the residents easy access to the interstate, shopping, restaurants, and other family friendly activities
Norfolk is the commercial and financial center of Hampton Roads. Norfolk International Airport serves as the region's major commercial airport. Interstates 64, 264 and 664
connect Norfolk to the rest of Hampton Roads and the East Coast. Norfolk Southern Corporation, the owner of 22,000 Class I railroad miles in 22 eastern states, is
headquartered in Norfolk. Other significant factors in the local economy include professional services, educational and health services, manufacturing and financial
activities.
INVESTMENT HIGHLIGHTS
▪ 18 Units: Mix of One-Bedroom, and Two-Bedroom flats
▪ 3 Miles from Norfolk Premium Outlets
▪ .4 Mile from I-64
▪ Walking distance to HRT Bus Route
▪ Ample Off Street Parking
6
THE FLATS AT NORVIEW
OFFERING SUMMARY
PROPERTY OVERVIEW
Marcus & Millichap is pleased to present the Offering Memorandum for the Flats at Norview, located in Norfolk,
Virginia. The property consists of 18 apartment units in a single 2-story building. The building was built in 1977
and is situated on .5 acres. The subject property is located one block from Chesapeake Boulevard, which is a
primary traffic artery through The City of Norfolk.
The Flats at Norview consists of 8 one bedroom, one bathroom units, and 10 two bedroom, one bathroom units.
Due to a shortage of two bedroom housing for rent, this unit mix is highly favorable for the area. Each tenant is
responsible for paying their own separately metered electricity, and the property's water expense. Sewer, trash,
and common electric are paid by the property. The Flats at Norview is serviced by I-64 which is accessible in 0.4
miles from the property, the primary commercial corridors for the area, providing tenants access to all of
Norfolk's top employment drivers including the US Department of Defense, Sentara Healthcare Centers, Old
Dominion University, BAE systems, Norfolk State University and more. Tenants with school-age children have
access to public schools less than a mile away. The Norview Center Shopping Center has situated 1 mile away
from the property and provides tenants with access to the area's shopping center.
Common Area Amenities
Downtown Norfolk recently renovated both the Waterside District ($50 Million) and the Hilton "Main" Hotel ($150 ▪ Off-Street Parking
Million) which brings jobs, restaurants, and nightlife to the area.The Norfolk Premium Outlets, a 332,000 sq ft ▪ .4 Miles from I-64
outlet mall located 2 miles away, opened June 2017 and will have 50 retail and restaurant locations for residents ▪ Close to Parks, Shops, and Recreation
and tourists to experience high-end shopping. The completion of the outlets will add an additional 500 new full-
time jobs to the local sub-market. The outlets paired with the location of I-64, give the residents easy access to
the interstate, shopping, and restaurants.
Unit Amenities
▪ Water/Sewage Included
▪ 0.1 Miles from HRT bus stop
▪ 0.3 Miles from Norview Community Center
▪ 2 Miles from Food Lion
▪ 2.6 Miles from Wal-Mart Supercenter
#7
THE FLATS AT NORVIEW
OFFERING SUMMARY
PROPERTY SUMMARY
THE OFFERING PROPOSED FINANCING
Property The Flats at Norview First Trust Deed
Price $1,000,000 Loan Amount $750,000
Property Address 6255 Alexander Street, Norfolk, VA Loan Type Proposed New
Assessors Parcel Number 27688450 Interest Rate 4.75%
Zoning R-13 Amortization 30 Years
SITE DESCRIPTION Loan Term 10 Years
Number of Units 18 Loan to Value 75%
Number of Buildings 2 Debt Coverage Ratio 1.8
Number of Stories 2
Year Built/Renovated 1977
Rentable Square Feet 12,300
Lot Size 0.46 acre(s)
Type of Ownership Fee Simple
Density Urban
Parking Off-Street
Parking Ratio 1:1
Landscaping Flat
UTILITIES
Water Owner Paid
Electric Tenant Paid
CONSTRUCTION
Foundation Concrete Slab
Framing Wood Framing
Exterior Brick
Parking Surface Concrete
Roof Pitched
MECHANICAL
HVAC Window Units
8
THE FLATS AT NORVIEW
REGIONAL MAP
9
THE FLATS AT NORVIEW
LOCAL MAP
10THE FLATS AT NORVIEW
AERIAL PHOTO
11THE FLATS AT NORVIEW
MARKET
COMPARABLES
12THE FLATS AT NORVIEW
SALES COMPARABLES MAP
THE FLATS AT NORVIEW
(SUBJECT)
1 1900 Kingston Avenue
2 Delaware Plaza Apartments
3 3910 Bowden's Ferry Road
SALES COMPARABLES
13PROPERTY
THE FLATS AT
NAME
NORVIEW
SALES COMPARABLES SALES COMPS AVG SALES COMPARABLES
Average Price Per Unit
$70,000
$63,000
Avg. $59,637
$56,000
$49,000
$42,000
$35,000
$28,000
$21,000
$14,000
$7,000
$0
The Flats 1900 Delaware 3910
at Norview Kingston Plaza Bowden's
Avenue Apartments Ferry Road
14PROPERTY
THE FLATS AT
NAME
NORVIEW
SALES COMPARABLES
MARKETING TEAM
SALES COMPARABLES
1900 KINGSTON AVENUE DELAWARE PLAZA APARTMENTS
THE FLATS AT NORVIEW 1900 Kingston Ave, Norfolk, VA, 23503 200 Delaware Avenue, Norfolk, VA, 23504
6255 Alexander Street, Norfolk, VA, 23513
1 2
rentpropertyname1 rentpropertyname1 rentpropertyname1
Units Unit Type Units Unit Type Units Unit Type
Offering Price: $1,000,000 8 1 Bed 1 Bath Flat Close Of Escrow: 5/31/2017 2 1 Bdr 1 Bath Close Of Escrow: 4/19/2016 12 1 Bdr Bath
Price/Unit: $55,556 10 2 Bed 1 Bath Flat Sales Price: $445,000 6 2 Bdr 1 Bath Sales Price: $1,475,000 13 2 Bdr Bath
Price/SF: $81.30 Price/Unit: $55,625 Price/Unit: $59,000
CAP Rate: 8.43% Price/SF: $74.17 Price/SF: $71.59
GRM: 6.83 CAP Rate: 8.43% CAP Rate: 11.79%
Total No. of Units: 18 Total No. of Units: 8 Total No. of Units: 25
Year Built: 1977 Year Built: 1972 Year Built: 1963
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
Underwriting Criteria Underwriting Criteria
Income $148,020 Expenses $63,742 Income $66,730 Expenses $29,223
NOI $84,278 Vacancy ($14,550) NOI $37,507
NOTES NOTES
Terms: On 5/31/2017 the Marcus & Millichap Multifamily Team sold 1900 Terms: On April 19, 2016, the 20-unit apartment building, sold for
Kingston Avenue for $445,000 ($55,625/Unit) ($74.17/SqFt) $1,475,000 ($71.59/sf) ($59,000/Unit)
15PROPERTY
THE FLATS AT
NAME
NORVIEW
SALES COMPARABLES
MARKETING TEAM
SALES COMPARABLES
3910 BOWDEN'S FERRY ROAD
3910 Bowden's Ferry Road, Norfolk, VA, 23508
3
rentpropertyname1 rentpropertyname1 rentpropertyname1
Units Unit Type
Close Of Escrow: 4/1/2015 28 1 Bdr Bath
Sales Price: $1,800,000
Price/Unit: $64,286
Price/SF: $106.17
CAP Rate: 7.00%
Total No. of Units: 28
Year Built: 1986
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
NOTES
Terms: On April 1, 2015, the 28-unit apartment building sold for $1,800,00
($106.17/sf) ($64,286/Unit)
16THE FLATS AT NORVIEW
8 RENT COMPARABLES MAP
THE FLATS AT NORVIEW
(SUBJECT)
1 1701 Kingston Avenue
2 Ingleside Square Apartments
Monticello Village at Ashlawn
3
Apartments
4 Bolton Street
7
8
9
10
11
12
13
14
15
16
17
18
20
17PROPERTY
THE FLATS AT
NAME
NORVIEW
RENT COMPARABLES
AVERAGE OCCUPANCY
100
Avg. 95.63%
90
80
70
60
50
40
30
20
10
0
The Flats 1701 Ingleside Monticello Bolton
at Norview Kingston Square Village at Street
Avenue Apartments Ashlawn
Apartments
18PROPERTY
THE FLATS AT
NAME
NORVIEW
RENT COMPARABLES
AVERAGE RENT - MULTIFAMILY
1 Bedroom
2 Bedroom
$700
Avg. $633 $900
$630
$810 Avg. $757
$560
$720
$490
$630
$420
$540
$350
$450
$280
$360
$210
$270
$140
$180
$70
$90
$0
The Flats 1701 Ingleside Monticello Bolton $0
at Norview Kingston Square Village at Street The Flats 1701 Ingleside Monticello Bolton
Avenue Apartments Ashlawn at Norview Kingston Square Village at Street
Apartments Avenue Apartments Ashlawn
Apartments
19PROPERTY
THE FLATS AT
NAME
NORVIEW
RENT COMPARABLES
MARKETING TEAM
1701 KINGSTON AVENUE INGLESIDE SQUARE APARTMENTS
THE FLATS AT NORVIEW 1701 Kingston Ave, Norfolk, VA, 23503 3515 Gatling Ave, Norfolk, VA, 23502
rentpropertyname1
6255 Alexander Street, Norfolk, VA, 23513
rentpropertyaddress1
1 2
rentpropertyname1 rentpropertyname1 rentpropertyname1
Unit Type Units SF Rent Rent/SF Unit Type Units SF Rent Rent/SF Unit Type Units SF Rent Rent/SF
1 Bed 1 Bath $550- 1 Bdr 1 Bath 27 720 $665 $0.92
8 600 $600 $1.00 1 Bdr 1 Bath 4 750 $0.80
Flat $650
2 Bed 1 Bath $625- 2 Bdr 1 Bath 246 730 $715 $0.98
10 750 $740 $0.99 2 Bdr 1 Bath 4 850 $0.81
Flat $750
2 Bdr 2 Bath 3 880 $775 $0.88
Total/Avg. 18 683 $678 $0.99 Total/Avg. 8 800 $644 $0.80
Total/Avg. 276 731 $711 $0.97
YEAR BUILT: 1977 OCCUPANCY: 100% | YEAR BUILT: 1963 OCCUPANCY: 95% | YEAR BUILT: 1950
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
20PROPERTY
THE FLATS AT
NAME
NORVIEW
RENT COMPARABLES
MARKETING TEAM
MONTICELLO VILLAGE AT ASHLAWN
APARTMENTS BOLTON STREET
312 Ashlawn Dr, , , 2421 Bolton Street, Norfolk, VA, 23504
3 4
rentpropertyname1 rentpropertyname1 rentpropertyname1
Unit Type Units SF Rent Rent/SF Unit Type Units SF Rent Rent/SF
2 Bdr 1 Bath 8 720 $828 $1.15 2 Bdr 1 Bath 8 800 $795 $0.99
Total/Avg. 8 720 $828 $1.15 Total/Avg. 8 800 $795 $0.99
OCCUPANCY: 100% OCCUPANCY: 88% | YEAR BUILT: 1965
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
21THE FLATS AT NORVIEW
FINANCIAL
ANALYSIS
22THE FLATS AT NORVIEW
FINANCIAL ANALYSIS
RENT ROLL SUMMARY
23THE FLATS AT NORVIEW
FINANCIAL ANALYSIS
OPERATING STATEMENT
24THE FLATS AT NORVIEW
FINANCIAL ANALYSIS
NOTES
25THE FLATS AT NORVIEW
FINANCIAL ANALYSIS
PRICING DETAIL
26THE FLATS AT NORVIEW
ACQUISITION FINANCING
MARCUS & MILLICHAP CAPITAL CORPORATION WHY MMCC?
CAPABILITIES Optimum financing solutions
to enhance value
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and Our ability to enhance
terms. buyer pool by expanding
finance options
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance
financing options. seller control
• Through buyer
Our dedicated, knowledgeable experts understand the challenges of financing
qualification support
and work tirelessly to resolve all potential issues to the benefit of our clients.
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender
progress, insuring timely,
predictable closings
• By relying on a world class
Closed 1,651 National platform $5.1 billion Access to
set of debt/equity sources
debt and equity operating total national more capital
financings within the firm’s volume in 2016 sources than and presenting a tightly
in 2016 brokerage any other firm underwritten credit file
offices in the industry
27THE FLATS AT NORVIEW
MARKET
OVERVIEW
28PROPERTY
THE FLATS AT
NAME
NORVIEW
DEMOGRAPHICS
MARKETING TEAM
Created on November 2017
POPULATION 10 Miles 20 Miles 30 Miles HOUSEHOLDS BY INCOME 10 Miles 20 Miles 30 Miles
▪ 2021 Projection ▪ 2016 Estimate
Total Population 726,946 1,375,173 1,604,276 $200,000 or More 3.08% 3.66% 3.61%
▪ 2016 Estimate $150,000 - $199,000 3.77% 4.65% 4.68%
Total Population 718,578 1,343,949 1,565,672 $100,000 - $149,000 12.28% 14.07% 14.20%
▪ 2010 Census $75,000 - $99,999 13.55% 14.11% 14.26%
Total Population 693,478 1,294,388 1,510,386 $50,000 - $74,999 20.63% 20.28% 20.42%
▪ 2000 Census $35,000 - $49,999 14.95% 14.00% 13.94%
Total Population 676,613 1,243,496 1,442,891 $25,000 - $34,999 10.52% 9.82% 9.71%
▪ Daytime Population $15,000 - $24,999 9.84% 9.14% 9.05%
2016 Estimate 818,431 1,426,377 1,636,351 Under $15,000 11.39% 10.27% 10.14%
HOUSEHOLDS 10 Miles 20 Miles 30 Miles Average Household Income $71,034 $76,585 $76,593
▪ 2021 Projection Median Household Income $53,563 $57,661 $58,000
Total Households 275,390 518,977 604,498 Per Capita Income $27,560 $29,359 $29,302
▪ 2016 Estimate POPULATION PROFILE 10 Miles 20 Miles 30 Miles
Total Households 270,149 504,092 586,405 ▪ Population By Age
Average (Mean) Household Size 2.51 2.56 2.56 2016 Estimate Total Population 718,578 1,343,949 1,565,672
▪ 2010 Census Under 20 24.94% 25.55% 25.63%
Total Households 259,575 485,288 565,987 20 to 34 Years 27.97% 25.41% 24.92%
▪ 2000 Census 35 to 39 Years 6.30% 6.17% 6.16%
Total Households 249,887 456,246 529,622 40 to 49 Years 11.26% 12.19% 12.24%
Growth 2015-2020 1.94% 2.95% 3.09% 50 to 64 Years 17.56% 18.68% 18.83%
HOUSING UNITS 10 Miles 20 Miles 30 Miles Age 65+ 11.96% 12.01% 12.24%
▪ Occupied Units Median Age 33.08 34.32 34.61
2021 Projection 275,390 518,977 604,498 ▪ Population 25+ by Education Level
2016 Estimate 288,432 540,447 630,815 2016 Estimate Population Age 25+ 465,638 877,051 1,024,288
Owner Occupied 148,831 299,134 352,995 Elementary (0-8) 2.11% 1.92% 1.98%
Renter Occupied 121,318 204,958 233,410 Some High School (9-11) 8.37% 7.20% 7.19%
Vacant 18,283 36,355 44,410 High School Graduate (12) 26.71% 25.68% 25.96%
▪ Persons In Units Some College (13-15) 26.55% 26.57% 26.51%
2016 Estimate Total Occupied Units 270,149 504,092 586,405 Associate Degree Only 8.62% 8.98% 9.05%
1 Person Units 27.03% 25.37% 25.00% Bachelors Degree Only 16.93% 18.08% 17.80%
2 Person Units 32.57% 32.73% 32.95% Graduate Degree 9.69% 10.61% 10.54%
3 Person Units 18.18% 18.49% 18.54% ▪ Population by Gender
4 Person Units 12.91% 13.88% 13.96% 2016 Estimate Total Population 718,578 1,343,949 1,565,672
5 Person Units 5.73% 6.01% 6.05% Male Population 49.71% 49.32% 49.32%
6+ Person Units 3.58% 3.52% 3.50% Female Population 50.29% 50.68% 50.68%
Source: © 2016 Experian
29PROPERTY
THE FLATS AT
NAME
NORVIEW
DEMOGRAPHICS
MARKETING TEAM
Population Race and Ethnicity
In 2016, the population in your selected geography is 19,043. The The current year racial makeup of your selected area is as follows:
population has changed by -0.85% since 2000. It is estimated that 33.06% White, 53.47% Black, 0.38% Native American and 5.59%
the population in your area will be 19,422.00 five years from now, Asian/Pacific Islander. Compare these to US averages which are:
which represents a change of 1.99% from the current year. The 70.77% White, 12.80% Black, 0.19% Native American and 5.36%
current population is 48.14% male and 51.86% female. The median Asian/Pacific Islander. People of Hispanic origin are counted
age of the population in your area is 33.76, compare this to the US independently of race.
average which is 37.68. The population density in your area is
6,056.90 people per square mile. People of Hispanic origin make up 7.39% of the current year
population in your selected area. Compare this to the US average of
17.65%.
Households Housing
There are currently 7,364 households in your selected geography. The The median housing value in your area was $165,511 in 2016,
number of households has changed by -0.28% since 2000. It is compare this to the US average of $187,181. In 2000, there were
estimated that the number of households in your area will be 7,581 3,881 owner occupied housing units in your area and there were
five years from now, which represents a change of 2.95% from the 3,503 renter occupied housing units in your area. The median rent at
current year. The average household size in your area is 2.59 persons. the time was $472.
Income Employment
In 2016, the median household income for your selected geography is In 2016, there are 4,315 employees in your selected area, this is also
$43,203, compare this to the US average which is currently $54,505. known as the daytime population. The 2000 Census revealed that
The median household income for your area has changed by 32.14% 50.86% of employees are employed in white-collar occupations in
since 2000. It is estimated that the median household income in your this geography, and 49.01% are employed in blue-collar occupations.
area will be $49,001 five years from now, which represents a change In 2016, unemployment in this area is 5.93%. In 2000, the average
of 13.42% from the current year. time traveled to work was 25.00 minutes.
The current year per capita income in your area is $20,290, compare
this to the US average, which is $29,962. The current year average
household income in your area is $52,462, compare this to the US
average which is $78,425.
Source: © 2016 Experian
30THE FLATS AT NORVIEW
8 DEMOGRAPHICS
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