BROKER'S OPINION OF VALUE 2700 DAIR ASHFORD, HOUSTON, TX 77082 A 80 Unit ● Class C ● Multi-Family Asset 4295 San Felipe ● Suite 355 ● Houston, TX 77027 www.ketent.com BELLA VISTA ● 2700 DAIRY ASHFORD ● TX 77082 APARTMENTS FOR SALE $12,600,000 PRICE/UNIT: $70,000 PRICE/SF: $73.71 Units: 180 TERMS: ALL CASH Avg Size: 950 PRO-FORMA CAP RATE: 6.76% Date Built: 1981 Rentable Sq. Ft.: 170,932 Stabilized Value Capped @ 6.5% $13,099,294 Acreage: 6.01 Est Rehab/Upgrade @ $/unit $0 Occupancy: 91% Est. Entrepreneurial Profit $0 Class: B Est. Carry to Stabilization $0 Stabilized NOI $851,454 Asking Price $12,600,000 SALIENT FACTS: ♦ Available on an All Cash or New Loan Basis ♦ Off Market Offering ♦ Located in near West Houston ♦ Ideal for long term hold ♦ Originally constructed as condominiums ♦ Centrally located between Beltway 8, Hwy 6, Westheimer and I-10 ♦ Near Houston's Energy Corridor For More Information Please Contact: Tom Wilkinson
[email protected] 713-355-4646 ext 102 4295 San Felipe, Suite 355 Houston, TX 77027 www.ketent.com BELLA VISTA ● 2700 DAIRY ASHFORD ● TX 77082 Physical Information Financial Information Proposed Loan Parameters Operating Information Number of Units 180 Asking Price $12,600,000 Est New Loan @ 75% of Asking $9,450,000 Est Mkt Rent (Jul-16) $150,140 Avg Unit Size 950 Price Per Unit $70,000 Amortization (months) 360 Estimated Collections $136,137 Net Rentable Area 170,932 Price Per Sq. Ft. $73.71 Debt Service $574,581 Physical Occ (Aug-16) 91% Land Area (Acres) 6.01 Stabilized NOI $851,454 Monthly P & I $47,882 Est Ins per Unit per Yr $450 Units per Acre 29.939 Stabilized Value Capped @ 6.5% $13,099,294 Interest Rate 4.5% Property Tax Information Date Built 1981 Est Rehab/Upgrade @ $/unit Date Due 10 Yrs Tax Rate (2015) 2.61846 Water Meter / Master Master Est.