This commercial appraisal is improved with a 7 unit multi-family project of wood frame construction, consisting of 2-one bedroom and 5-two bedroom floor plans. The improvements consist of three buildings with 4,880 square feet of gross building area, situated on approximately 11,438 square feet of land area. The existing improvements were constructed in 1921, reflecting fair condition. Upon completion of the proposed renovation, the proposed improvements are assumed to be in excellent condition. On-site parking is provided by the asphalt paved open parking lot consisting of 5 marked spaces. Upon completion of the proposed renovation, total parking will consist of 7 spaces.