8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

[Pages:6]MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

SALE PRICE: UNITS: CAP RATE: GRM: NOI: LOT SIZE: BUILDING SIZE: YEAR BUILT: RENOVATED: ZONING: MARKET: SUB MARKET:

$550,000 8 8.76 7.64 $48,200 0.19 Acres 5,236 SF 1970 2018 Commercial/Multi-Family SE Houston Golfcrest

PROPERTY OVERVIEW SE Houston 8 Unit Multi-Family Investment Opportunity. 7 of 8 recently renovated units are occupied creating excellent cash flow. Laundry room onsite creates additional income. Landlord pays water, units are individually metered for electricity.

PROPERTY FEATURES 8 - 1 Bed/1 Bath Units Recently Updated Units Individually Metered 7 of 8 units currently occupied, anticipate 100% occupancy very soon. 10 Surface Spaces Income producing Laundry Room on-site.

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

UNIT NUMBER

1 2 3 4 5 6 7 8

UNIT

UNIT

BED

BATH

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

UNIT SIZE (SF)

654 654 654 654 654 654 654 654

5,232

CURRENT RENT $750 $750 $750 $750 $750 $750 $0 $750

$5,250

CURRENT RENT (PER SF)

$1.15 $1.15 $1.15 $1.15 $1.15 $1.15

$0 $1.15

$1.00

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

INVESTMENT OVERVIEW Price Price per Unit GRM CAP Rate Cash-on-Cash Return (yr 1) Debt Coverage Ratio

OPERATING DATA Gross Scheduled Income Other Income Total Scheduled Income Gross Income Operating Expenses Net Operating Income Pre-Tax Cash Flow

FINANCING DATA Down Payment Loan Amount Debt Service Debt Service Monthly

SLOAN STREET APARTMENTS $550,000 $68,750 7..64 8.76 12.21 % 1.84

SLOAN STREET APARTMENTS $72,000 $1,200 $73,200 $73,200 $25,000 $48,200 $21,968

SLOAN STREET APARTMENTS $165,000 $385,000 $26,232 $2,186

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



MULTIFAMILY FOR SALE

8 UNIT MULTI-FAMILY APARTMENT BUILDING FOR SALE

6519 Sloan St, Houston, TX 77087

POPULATION TOTAL POPULATION MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE)

1 MILE 16,495 27.1 26.7 27.6

2 MILES 70,595 30.9 30.4 31.4

3 MILES 150,346 31.3 30.5 31.8

HOUSEHOLDS & INCOME TOTAL HOUSEHOLDS # OF PERSONS PER HH AVERAGE HH INCOME AVERAGE HOUSE VALUE

RACE % WHITE % BLACK % ASIAN % HAWAIIAN % INDIAN % OTHER

1 MILE 4,525 3.6 $40,380 $92,558

1 MILE 59.5% 8.6% 1.0% 0.0% 0.1% 30.3%

2 MILES 20,394 3.5 $43,727 $100,314

2 MILES 50.5% 17.0% 1.0% 0.0% 0.4% 30.1%

3 MILES 45,327 3.3 $44,367 $94,313

3 MILES 45.0% 23.5% 2.4% 0.0% 0.5% 27.3%

ETHNICITY % HISPANIC

1 MILE 85.7%

2 MILES 76.6%

3 MILES 67.3%

* Demographic data derived from 2010 US Census

KW COMMERCIAL 2734 Sunrise Boulevard, Suite #208 Pearland, TX 77584

BO FABER Commercial Associate 0 281.670.1844 C 281.908.3122 bfaber@ TX #657051

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



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