Property Record - 27-22-31-0000-00-016 Orange County Property Appraiser http://www.ocpafl.org Property Summary Property Name Tortuga Bay Apartments Names Tortuga Multifamily Orlando L P Municipality ORG - Un-Incorporated Property Use Mailing Address 3625 Dufferin St Ste 500 Toronto On M3K-1N4 Canada Physical Address 12932 Mallory Cir Orlando, FL 32828 QR Code For Mobile Phone
Value and Taxes Historical Value and Tax Benefits Tax Year Values Market Value Assessed Value 2017 2016 2015 2014 $46,456,428 (23%) $37,891,655 (9.5%) $34,602,370 (13%) $30,556,653 $41,680,821 (10%) $37,891,655 (13%) $33,612,318 (10%) $30,556,653 Tax Year Benefits 2017 2016 2015 2014 Tax Savings $43,601 $0 $9,069 $0 2017 Taxable Value and Estimate of Proposed Taxes Taxing Authority Assd Value Exemption Tax Value Millage Rate Taxes % Public Schools: By State Law (Rle) $46,456,428 $0 $46,456,428 4.2220 (-7.47%) $196,139.04 27 % Public Schools: By Local Board $46,456,428 $0 $46,456,428 3.2480 (0.00%) $150,890.48 21 % Orange County (General) $41,680,821 $0 $41,680,821 4.4347 (0.00%) $184,841.94 25 % Unincorporated County Fire $41,680,821 $0 $41,680,821 2.2437 (0.00%) $93,519.26 13 % Unincorporated Taxing District $41,680,821 $0 $41,680,821 1.8043 (0.00%) $75,204.71 10 % Library - Operating Budget $41,680,821 $0 $41,680,821 0.3748 (0.00%) $15,621.97 2 % St Johns Water Management District $41,680,821 $0 $41,680,821 0.2724 (-5.58%) $11,353.86 2 % 16.5999 $727,571.26 2017 Non-Ad Valorem Assessments Levying Authority Assessment Description Units Rate Assessment There are no Non-Ad Valorem Assessments Income Pro forma (as of Jan 1st 2017) for Tortuga Bay Apartments, which includes parcel(s): PID DOR Code DOR Description Allocation Percentage
27-22-31-0000-00-016 0310 Multi-Family Class II 100% Note: Pro forma does not contain actual income and expenses specific to this property if provided by the property owner. Rent Roll Rentable Restrict Efficiency Net Rentable Rent Rental Annual Type Description Area Rent Ratio Area Amount Period Rent 16 UT Unit (Generic) 100.00% 16 $1,625.00 12 $312,000 48 UT Unit (Generic) 100.00% 48 $1,430.00 12 $823,680 84 UT Unit (Generic) 100.00% 84 $1,330.00 12 $1,340,640 72 UT Unit (Generic) 100.00% 72 $1,300.00 12 $1,123,200 24 UT Unit (Generic) 100.00% 24 $1,200.00 12 $345,600 70 UT Unit (Generic) 100.00% 70 $1,075.00 12 $903,000 Percent Amount Per Unit Potential Gross Income $4,848,120 $15,440 less Vacancy/Collection Loss 5.00% $242,406 = Effective Gross Income $4,605,714 $14,668 plus Ancillary Income 8.00% $368,457 $1,173 = Adjusted Gross Income $4,974,171 $15,841 less Expenses 35.00% $1,740,960 $5,544 = Net Gross Income $3,233,211 $10,297 plus Miscellaneous Income = Net Operating Income $3,233,211 $10,297 Overall Rate 5.25000% plus Millage Rate/Tax Rate 1.6957% = Capitalization Rate 6.94570% Capitalized Value $46,549,822 $148,248 less TPP Amount $93,394 $297 plus Additional Value (+/-) Total Misc Adjustment = Income Value $46,456,428 $147,950 Property Features Property Description COMM SE COR OF NE1/4 OF SEC 27-22-31 TH W 47 FT N 619.94 FT FOR POB TH RUN W 1292.87 FT N 660.31 FT TO SLY R/W E-W EXPY TH N 76 DEG E 222.38 FT E 992.03 FT S 02 DEG E 582.37 FT E 63 FT S 129.77 FT TO POB Total Land Area 867,900 sqft (+/-) 19.92 acres (+/-) GIS Calculated Land Land Use Code Zoning Land Units Unit Price Land Value Class Unit Price Class Value R-3 314 UNIT(S) $15,450.00 $4,851,300 $0.00 $4,851,300 Buildings 04 - Commercial 3400 - Rec/Meeting Building Value $746,875 Estimated New Cost $913,050 BAS - Base Area 6443 $696,682 FCP - Fin Carprt 357 $11,570 FDU - F/Det Util 485 $31,466
Beds Baths Floors 1 11371 sqft 6443 sqft Dec.Wall.C FOP - F/Opn Prch 1988 $64,445 FSP - F/Scr Prch 1678 $90,721 UDG - Unf Dt Grg 420 $18,166 Building Value $1,805,441 Building Value $1,805,441 Building Value $1,805,441
Building Value $1,477,674 Building Value $1,477,674 Building Value $1,477,674
Building Value $1,477,674 Building Value $1,477,674 Building Value $2,056,161 Estimated New Cost $2,471,347 Baths 3.0 BAS - Base Area 10593 $910,256 FGR - Fin Garage 960 $32,997 FOP - F/Opn Prch 2387 $82,063 FSP - F/Scr Prch 1160 $39,872 FST - Fin Storge 352 $15,124 FUS - F/Up Story 16188 $1,391,035
31640 sqft 26781 sqft Building Value $1,502,964 Building Value $1,836,341 Building Value $1,836,341
Building Value $1,836,341 Building Value $1,502,964 Baths 3.0 Building Value $1,834,244 Estimated New Cost $2,204,620 Baths 3.0 28292 sqft 23841 sqft BAS - Base Area 9613 $826,045 FGR - Fin Garage 960 $32,997 FOP - F/Opn Prch 2171 $74,587 FSP - F/Scr Prch 968 $33,255 FST - Fin Storge 352 $15,124 FUS - F/Up Story 14228 $1,222,612 Building Value $2,056,161 Estimated New Cost $2,471,347 FGR - Fin Garage 960 $32,997 FOP - F/Opn Prch 2387 $82,063 FSP - F/Scr Prch 1160 $39,872 FST - Fin Storge 352 $15,124 FUS - F/Up Story 16188 $1,391,035 BAS - Base Area 10593 $910,256
31640 sqft 26781 sqft Building Value $1,834,244 Estimated New Cost $2,204,620 Baths 3.0 28292 sqft 23841 sqft FGR - Fin Garage 960 $32,997 FOP - F/Opn Prch 2171 $74,587 FSP - F/Scr Prch 968 $33,255 FST - Fin Storge 352 $15,124 FUS - F/Up Story 14228 $1,222,612 BAS - Base Area 9613 $826,045 Extra Features Description Date Built Units Unit Price XFOB Value PKSP - Parking Space 08/21/2003 660 Unit(s) $500.00 $330,000 PLC3 - Commercial Pool III 08/21/2003 1 Unit(s) $100,000.00 $100,000 OSB2 - Medium Opn Stg Bin 08/21/2003 1 Unit(s) $2,000.00 $2,000 TNCT - Tennis Court 08/21/2003 1 Unit(s) $10,000.00 $10,000 FPL1 - Basic Fireplace 08/21/2003 1 Unit(s) $1,500.00 $1,500 Sales Sales History Sale Date Sale Amount Instrument # Book/Page Deed Code Seller(s) Buyer(s) Vac/Imp 04/10/2015 $49,612,000 20150187310 10904 / 5402 Trustee's Deed City National Bank Of Florida Tr Tortuga Multifamily Orlando L P Improved 03/08/2005 $0 20050190965 07878 / 3535 Special Warranty Apollo Pointe Apartments LTD City National Bank Of Florida Improved 11/26/2001 $1,746,000 20010541128 06401 / 5945 Trustee's Deed Labianca Anna Tr Apollo Pointe Apartments LTD Vacant 12/31/1998 $100 19980543183 05649 / 3053 Special Warranty Multiple Goetz Maria Labianca Anna Tr Improved