Thompson Ranch Townhomes · 2020. 10. 22. · Address 15427 N Jerry St, Surprise, AZ 85378 Year...
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15427 N Jerry St, Surprise, AZ 85378 Thompson Ranch Townhomes A RENOVATED TOWNHOME COMMUNITY / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / EXCLUSIVELY LISTED BY BRIAN TRANETZKI Principal (602) 603-9755 [email protected] ANTON LAAKSO Investment Advisor (602) 603-9771 [email protected] Thompson Ranch Townhomes
Transcript of Thompson Ranch Townhomes · 2020. 10. 22. · Address 15427 N Jerry St, Surprise, AZ 85378 Year...
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15427 N Jerry St, Surprise, AZ 85378
Thompson Ranch Townhomes A RENOVATED TOWNHOME COMMUNITY
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EXCLUSIVELY LISTED BYBRIAN TRANETZKIPrincipal(602) [email protected]
ANTON LAAKSOInvestment Advisor(602) [email protected]
Thompson Ranch Townhomes
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies.
INVESTMENT PRO FORMA
UNIT MIX SUMMARY
OFFERING AND PROPERTY SUMMARYPrice $5,600,000Price / Unit $164,706Price / Square Foot $179.03Cap Rate 6.00%Number of Units 34 Address 15427 N Jerry St, Surprise, AZ 85378Year Built / Renovated 1987 / 2020Building Square Feet 31,280Parcel Size +/- 1.93 Acres
Unit Mix Unit Count Unit Mix Square Feet Net Rentable Square FeetMarket Rent
Per Unit
Market Rent Per Square
FootGross Potential
2 Bdr 1.5 Bath 34 100% 920 31,280 $1,150 $1.25 $39,100Total /Average 34 100% 920 31,280 $1,150 $1.25 $39,100
Annual Per UnitINCOMEGross Potential Rent $469,200 $13,800
Vacancy Loss ( 5%) ($23,460) ($690)NET RENTAL INCOME $445,740 $13,110
Utitlity Reimbursment $10,506 $237Total Other Income $10,506 $237EFFECTIVE GROSS INCOME $456,246 $13,347
EXPENSESGeneral & Administrative $4,250 $125Marketing & Promotion $2,550 $75Repairs and Maintenance $17,000 $500Turnover $8,500 $250Contract Services $6,800 $200
Controllable Expenses Subtotal $39,100 $1,150Utilities $34,850 $1,025Management Fee $26,744 $787Real Estate Taxes $5,241 $154Insurance $6,800 $200
TOTAL OPERATING EXPENSES $113,415 $3,336Reserves and Replacements $6,800 $200
TOTAL EXPENSES $120,215 $3,536
NET OPERATING INCOME $336,031 $9,883Cap Rate at $5,600,000 6.00%
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies.
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Thompson Ranch Townhomes is conveniently situated within a large single family community area and boasts townhome construction which attracts families and longer term tenants within the area. Thompson Ranch is located within an 8 minute drive from the 101, providing access to Glendale and other areas of Central Phoenix, which houses the most prime employment corridors within the state.
Thompson Ranch is a prime example of Surprise’s historical architecture and charm reinvigorated to match todays modern culture while preserving a true neighborhood home style feel that is a rare find in today’s market of multifamily. The building sits on 1.93 acres of land housing 53 parking spaces for 34 units and provides ease of access with two ingress and egress points, which could be gated by the next owner.
Built in 1987, Thompson Ranch underwent a comprehensive renovation in 2020 with new kitchens supplied with stainless steel appliances including electric oven range, fridge, granite counter tops, tiled backsplashes, and white shaker cabinets. The bathrooms are outfitted with modern lighting, all new vanities, tub surrounds, and sinks. The building has also had 9 new HVAC units installed as well as a new seal coat on the asphalt. Thompson Ranch features large bedroom closets, urban landscaping, and modernized paint scheme. The Thompson Ranch Townhomes is comprised of 34 spacious 920 square foot, 2 bedroom 1.5 bathroom floor plans, that each feature private patios and upstairs balconies throughout.
PROPERTY DESCRIPTION
BRIAN TRANETZKIPrincipal(602) [email protected]
ANTON LAAKSOInvestment Advisor(602) [email protected]
EXCLUSIVELY LISTED BY
