PARK PLACE MARKETING BROCHURE 7.8% CAP€¦ · • Some Subtitle Goes Here MARKETING BROCHURE. 8117...
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MARKETING BROCHURE 8117 FINDLAY HOUSTON, TX 77017 PARK PLACE $792,000 • 12-unit Turn-Key Multifamily Investment Opportunity • Value Add Opportunity • Easy & Immediate Upside • 100% Occupied • Owner Managed; can push rents with marketing • Clean and well maintained 7.8% CAP
Transcript of PARK PLACE MARKETING BROCHURE 7.8% CAP€¦ · • Some Subtitle Goes Here MARKETING BROCHURE. 8117...
• Some Subtitle Goes Here
MARKETING BROCHURE 8117 FINDLAY
HOUSTON, TX 77017
PARK PLACE
$792,000• 12-unit Turn-Key
Multifamily Investment
Opportunity
• Value Add Opportunity
• Easy & Immediate
Upside
• 100% Occupied
• Owner Managed; can
push rents with
marketing
• Clean and well
maintained
7.8% CAP
Property Details
©2019 Your Company. All Rights Reserved2
Investment Overview
Financial Overview
Contact Us
Interior Photos
PRESENTATION CONTENTS
PROPERTY DETAILS
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THE OFFERING
SITE DESCRIPTION
Address 8117 FindlayHouston , TX 77017
Asset Class Multifamily
Total Units 12
Unit Mix 12 x 1B-1B
Rentable Area 6,216 SF
Lot Size 11,250Year Built 1952Year Renovated 2015Plumbing Type PVCParking Spaces 20
GULF | HOUSTON HEIGHTS
$61,762NOI
11,250SF of Land
Highlights
The 12-Unit complex is located in the Southeast, GulfgateArea, just off Broadway Blvd between I-45 South and 610 Loop. Improvements include two buildings, 2-stories each, composition roofs, PVC plumbing and each building has 6 units (3 units per level).
The property is fully leased and cash flowing! 100% Occupied. All units are 1BR/1BTH with a living room, kitchen/dining area, central air & heat, with electricity separately metered.
There is a laundry room on site currently used for storage, this can easily be converted to a laundry mat which can potentially yield $11,520 / yr in revenue.
INVESTMENT OVERVIEW $792,000 | 7.8% CAP
GULF | HOUSTON HEIGHTS
6,216BUILDING SQFT
100%OCCUPIED
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Unit # Monthly Rent Unit Mix Annual
1 $550 1 Bed/ 1 Bath $6,600
2 $575 1 Bed/ 1 Bath $6,900
3 $575 1 Bed/ 1 Bath $6,900
4 $575 1 Bed/1 Bath $6,900
5 $575 1 Bed/1 Bath $6,900
6 $600 1 Bed/1 Bath $7,200
7 $600 1 Bed/1 Bath $7,200
8 $600 1 Bed/1 Bath $7,200
9 $600 1 Bed/1 Bath $7,200
10 $600 1 Bed/1 Bath $7,200
11 $600 1 Bed/1 Bath $7,200
12 $600 1 Bed/ 1 Bath $7,200
Totals $7,050 $84,600
Financial OverviewUNIT MIX & RENTS PROPERTY EXPENSES / NOI
Gross Potential Income $84,600
Additional Income $1550
Annual Expenses:
Utilities $5628
Maintenance $1,260
Insurance$5,000
Taxes$12,500
Total Expenses$24,388
Net Operating Income $61,762
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Value Add Opportunity
Convert to Laundry Room
Total Monthly Income $960
Annual Income $11,520
Estimated
Increase to NOI $8,064
Increase in Property Value (at 7.8 cap) $103,385
Updated Property Value $897,385
Laundry Room
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The property features a sizeable on
side laundry room which is
currently being used as a storage
room. Utilizing the room as it’s
intended purpose will add value
and convenience for the tenants,
not to mention generate additional
revenue.
Highlights
INTERIOR PHOTOS
April 4, 2020 ©2019 Your Company. All Rights ReservedPARK PLACEPARK PLACE7
April 4, 2020 ©2019 Your Company. All Rights Reserved
LIVING ROOM & KITCHEN
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April 4, 2020 ©2019 Your Company. All Rights Reserved
BEDROOM & BATH
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April 4, 2020 ©2019 Your Company. All Rights Reserved
Houston Flood MapOutside the flood plain and never flooded
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The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Cole Popper and it should not be made available to any other person or entity without the written consent of Cole Popper.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Urbanist. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Cole Popper has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Cole Popper has not verified, and will not verify, any of the information contained herein, nor has Cole Popperconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
CONFIDENTIALITY AND DISCLAIMER
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS.
Jennifer CamachoAssociate2007 Commerce Suite 200Houston, TX 77002Cell: (713) 449-4459
Eli LevyAssociate2007 Commerce Suite 200Houston, TX 77002Cell: (832) 538-5823
List ing TeamCole PopperWinhill AdvisorsCell: (281) 772-7702
List ing Agent
