5010-5014 SAN JACINTO...MULTIFAMILY PROPERTY FOR SALE 5010-5014 SAN JACINTO DALLAS, TX 75204 MATTEO...

MULTIFAMILY PROPERTY FOR SALE

5010-5014 SAN JACINTODALLAS, TX 75204

MATTEO FAETH

[email protected]

Presented By

PERRY GUEST COMPANY

2517 Thomas Avenue, Dallas, TX 75201

214.528.9250 | perryguestco.com

CONFIDENTIAL OFFERING MEMORANDUM | 2

OFFERING SUMMARY

Sale Price: $2,995,000

Number Of Units: 18

NOI: $157,143

Lot Size: 0 Acres

Building Size: 13,160

Price / SF: $227.58

Price / Door: $166,388.89

5010 is an 18-unit complex that has undergone a masterful mid-century modern rehab. With a mixture ofone- and two-bedrooms floor plans, the interior finishes feature wide plank grey wash floors, newcabinetry, arctic white quartz countertops, premium stainless appliances, ice-maker, recessed lighting,modern ceiling fans and fixtures, designer baths and in-unit washer dryer. Located just minutes from thenight-life of Henderson, Lower Greenville and Deep Ellum. You’ll also enjoy a short commute toDowntown and The Baylor Medical Center and quick access to Central Expressway.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• All Brand New Everything but the Brick

• Washer/Dryers in Every Unit

• Affordable Living in a Great Location


EXECUTIVE SUMMARY


OFFERING SUMMARY

Number of Units: 18

Building Size: 13,160 SF

Land Size: 19,000 SF

Year Built: 1959

DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES

Total Households 3,591 12,701 25,705

Total Population 8,604 30,209 58,334

Average HH Income $48,171 $55,103 $65,784

BUILDING DETAILS

Wiring: Copper

Plumbing: PVC

HVAC: Individual

Roof: Composition

Foundation: Pier and Beam

Electric Metering: Separate

Gas Metering: Master

Water Metering: Master

Parking Spots: 24

PROPERTY DESCRIPTION

5010 is an 18-unit complex that has undergone a masterful mid-centurymodern rehab. With a mixture of one- and two-bedrooms floor plans, theinterior finishes feature wide plank grey wash floors, new cabinetry, arcticwhite quartz countertops, premium stainless appliances, ice-maker,recessed lighting, modern ceiling fans and fixtures, designer baths andin-unit washer dryer. Located just minutes from the night-life ofHenderson, Lower Greenville and Deep Ellum. You’ll also enjoy a shortcommute to Downtown and The Baylor Medical Center and quick accessto Central Expressway.


PROPERTY SUMMARY

INCOME SUMMARY PER DOOR

Rental Income $277,320 $15,406

5% Vacancy -$13,866 -$770

Convenience Fee $180 $10

Gross Income $263,634 $14,646

EXPENSE SUMMARY PER DOOR

Repairs and Maintenance $15,840 $880

Utilities $14,229 $790

Administrative $16,220 $901

Legal, Finance, and Insurance $10,200 $566

Taxes $50,000 $2,777

Gross Expenses $106,490 $5,916

Net Operating Income $157,143 $8,730



PROFORMA INCOME & EXPENSES

UNIT

NUMBER

UNIT

BED

UNIT

BATH

UNIT

SIZE (SF)

CURRENT

RENT

CURRENT

RENT (PER SF)

MARKET

RENT

MARKET

RENT/SF

5010-101 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-102 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-103 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-104 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-105 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-201 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-202 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-203 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-204 1 1 575 $1,095 $1.90 $1,195 $2.08

5010-205 1 1 575 $1,095 $1.90 $1,195 $2.08

5014-101 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-102 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-103 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-104 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-201 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-202 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-203 2 2 900 $1,295 $1.44 $1,395 $1.55

5014-204 2 2 900 $1,295 $1.44 $1,395 $1.55



RENT ROLL

UNIT

NUMBER

UNIT

BED

UNIT

BATH

UNIT

SIZE (SF)

CURRENT

RENT

CURRENT

RENT (PER SF)

MARKET

RENT

MARKET

RENT/SF

Totals/Averages 12,950 $21,310 $1.65 $23,110 $1.84



RENT ROLL



INTERIOR PHOTOS


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

5010-5014 San Jacinto

Dallas, TX 75204

$2,995,000 13,160 SF $227.58 $166,389 5.25% - 18

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

5520 GastonDallas, TX75214

$3,916,000 15,207 SF $257.51 $170,260 5.0% - 23 05/13/2019

6304 ProspectDallas, TX75214

$3,840,000 14,878 SF $258.10 $192,000 4.85% - 20 02/20/2019

The Delano2806 Reagan StDallas, TX 75219

$3,300,000 13,198 SF $250.04 $173,684 5.15% - 19 04/09/2018

PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

Totals/Averages $3,685,333 14,428 SF $255.43 $178,293 5.0% - 20.67

1

2

3


SALE COMPS SUMMARY


5010-5014 San Jacinto | Dallas, TX 75204SUBJECT PROPERTY

1 Dallas, TX75214

5520 GASTON2 Dallas, TX

75214

6304 PROSPECT3 2806 Reagan St

Dallas, TX 75219

THE DELANO


SALE COMPS MAP


SUBJECT PROPERTY UNIT TYPE RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

5010-5014 San Jacinto

Dallas, TX 75204

1 br / 1 ba2 br / 2 ba

$1.65 0 SF 13,160 SF 18 -

RENT COMPS UNIT TYPE RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Apartments at M Streets1925 MoserDallas, TX 75206

1-1 $1.92 650 SF 65,620 SF 110 -

5520 GastonDallas, TX75214

1-1 $2.16 625 SF 14,545 SF 22 -

Totals/Averages $2.04 $2.04 638 SF 40,083 SF 66 0%

1

2


RENT COMPS SUMMARY


1 1925 MoserDallas, TX 75206

APARTMENTS AT M STREETS2 Dallas, TX

75214

5520 GASTON

5010-5014 San Jacinto | Dallas, TX 75204SUBJECT PROPERTY


RENT COMPS MAP



REGIONAL MAP

0.5 MILES 1 MILE 1.5 MILES

Total population 8,604 30,209 58,334

Median age 32.7 31.5 31.5

Median age (male) 33.4 32.2 32.0

Median age (female) 31.3 30.1 30.6

Total households 3,591 12,701 25,705

Total persons per HH 2.4 2.4 2.3

Average HH income $48,171 $55,103 $65,784

Average house value $217,115 $240,003 $255,986

* Demographic data derived from 2010 US Census



DEMOGRAPHICS REPORT

POPULATION 0.5 MILES 1 MILE 1.5 MILES

Total population 8,604 30,209 58,334

Median age 32.7 31.5 31.5

Median age (male) 33.4 32.2 32.0

Median age (Female) 31.3 30.1 30.6

HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES

Total households 3,591 12,701 25,705

# of persons per HH 2.4 2.4 2.3

Average HH income $48,171 $55,103 $65,784

Average house value $217,115 $240,003 $255,986

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP



CONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from Perry Guest Company its directors, officers,agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.

Neither Perry Guest Company its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. Perry GuestCompany will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Perry Guest Company makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Perry Guest Company does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Perry Guest Company incompliance with all applicable fair housing and equal opportunity laws.


DISCLAIMER

5010-5014 SAN JACINTO...MULTIFAMILY PROPERTY FOR SALE 5010-5014 SAN JACINTO DALLAS, TX 75204 MATTEO...

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