5217 S 2ND AVE 2016-01-01 MF Import

i�cu-rued Denreciation: No iiemized schedule of depreciation has been included in this report as the damage to and wearing out of the building is so extenslve that the cosi-to-cure would be neaily that of the total replacement cost of ihe r building. The cost-to-cure would far exceed the contribution value of ihe building after the cure was affected. Locational obsolescence would also adversely affect the value of the building after reFair and renovation. There is no economic marke'F need for such a building in this neighborhood. Saleaqe Value versus Demolition: The estimated total building material in place is approximately 79,000 board feet of 2° X 4°� 2° x 6°r Z° x ��°� z° x �Z°� a° x 8�� P051"5 and 8° x 8° beams, sheathing, sub-flooring ai�d finished flooring. Much oi this material is dry-rotted and damaged. Approximately I/3 of t�i., material is expected ';o be lost due to dry rot, damage and salvage oper�ti;ns. The estimated building material salvageable is 52,000 board feet (now in place, still to be salvaged). Imsestigation discloses a retail market value of the salvaged materi�ls at an average of $I�0.00 per thousand board feet and in demand, or a total retail value salvaged, rounded to $5,700. The indicated demolition cost of the building is Twelve Thousand Dollars (512,000.001 Du� to my investigation and opinlon, it is not expected that the gross return of the salvaged materials wili be �ufficiei�i to pay the costs of labor, machinery, haulage charges and profit to completely disp�se of the subject building. t .�