BROKER'S OPINION OF VALUE 4300 Rosslyn, HOUSTON, TX 77018 A 80 Unit ● Class C ● Multi-Family Asset ROSSLYN 4300 ROSSLYN RD HOUSTON, TX 77018 APARTMENTS FOR SALE MARKET Units: 27 Avg Size: 773 Date Built: 1961 Rentable Sq. Ft.: 20,881 0.00% $0 Acreage: 0.74 0.00% $0 Occupancy: 93% 0.00% $0 Class: B+ 0.00% $0 Stabilized NOI $233,236 Asking Price MARKET SALIENT FACTS: ♦ Available on an All Cash or New Loan Basis ♦ Quartz countertops, new windows, new appliances, new roof ♦ Located in the Garden Oaks area of Houston HVAC, landscaping, faux wood flooring and new cabinets ♦ Improving area ♦ Rebuilt like new - wiring, plumbing etc ♦ White collar tenant profile ♦ Each unit has washer/dryer connections ♦ Recently completed an exterior rehab FOR MORE INFORMATION PLEASE CONTACT Tom Wilkinson Mark Kalil
[email protected] [email protected] 713-355-4646 ext 102 713-799-8700 4295 San Felipe, Suite 355 2001 Holcomb Blvd., Suite 105 Houston, TX 77027 Houston, TX 77030 www.ketent.com www.markkalil.com ROSSLYN 4300 ROSSLYN RD HOUSTON, TX 77018 Physical Information Financial Information Proposed Loan Parameters Operating Information Number of Units 27 Asking Price MARKET Estimated New Loan $2,750,000 Est Mkt Rent (Apr-19) $32,650 Avg Unit Size 773 Amortization (months) 360 2 Mo Avg $22,575 Net Rentable Area 20,881 Debt Service $116,875 Physical Occ (May-19) 93% Land Area (Acres) 0.74 Stabilized NOI $233,236 Interest Only $9,740 Est Ins per Unit per Yr $462 Units per Acre 36.486 Interest Rate 4.25% Property Tax Information Date Built 1961 Date Due 10 Yrs