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Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
4Plex On Lake Rd 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Louetta Rd
Lake Rd
4Plex On Lake Rd 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Lake Rd
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
4Plex On Lake Rd 10317 Lake Road , Houston TX 77070
Gated Community
Dedicated Parking Spots Individual and private back yard.
Modern Look Elevations
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
4Plex On Lake Rd – Floor Plan 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
4Plex On Lake Rd – SITE LAY OUT 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
Break ground (dirt & infrastructure) : Summer of 2020
4Plex construction start up: Winter of 2020
4Plex On Lake Rd – Floor Plan 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
4Plex On Lake Rd – Elevations 10317 Lake Road , Houston TX 77070
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
Concept Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 10 Yr 15
Gross Rent ($1,600 per unit first yr) 76,800.00$ 78,336.00$ 79,902.72$ 81,500.77$ 83,130.79$ 95,600.41$ 109,940.47$
Vacancy Loss (5%) 3,840.00$ 3,916.80$ 3,995.14$ 4,075.04$ 4,156.54$ 4,780.02$ 5,497.02$
Estimated Gross Income 72,960.00$ 74,419.20$ 75,907.58$ 77,425.74$ 78,974.25$ 90,820.39$ 104,443.45$
Insurance 920.00$ 994.87$ 1,014.76$ 1,035.06$ 1,055.76$ 2,428.25$ 4,188.73$
RE Taxes (2.8% County Appraisal @ $400K) 11,200.00$ 11,424.00$ 11,652.48$ 11,885.53$ 12,123.24$ 12,608.17$ 13,364.66$
HOA / CAM Fees, MUD, Trash, Landscaping 4,080.00$ 4,161.60$ 4,244.83$ 4,329.73$ 4,416.32$ 4,592.98$ 4,868.55$
Property Management (4% for 2 years) 3,072.00$ 3,133.44$ -$ -$ -$ -$ -$
Estimated Operating Expenses 19,272.00$ 19,713.91$ 16,912.08$ 17,250.32$ 17,595.32$ 19,629.40$ 22,421.95$
Net Operating Income 53,688.00$ 58,866.89$ 63,240.34$ 64,505.15$ 65,795.25$ 75,783.97$ 86,890.05$
NOI per Month 4,474.00$ 4,905.57$ 5,270.03$ 5,375.43$ 5,482.94$ 6,315.33$ 7,240.84$
Cap Rate Based on Price 7% 8% 8% 8% 9% 10% 11%
Mortgage Payments 36,972.00$ 36,972.00$ 36,972.00$ 36,972.00$ 36,972.00$ 36,972.00$ 36,972.00$
Cash Flow 16,716.00$ 21,894.89$ 26,268.34$ 27,533.15$ 28,823.25$ 38,811.97$ 49,918.05$
Once Leased Out Market Value @6.5 % Cap 825,969.23$ 905,644.50$ 972,928.30$ 992,386.87$ 1,012,234.60$ 1,165,907.20$ 1,336,770.07$
4Plex On Lake Road15 Years Business Plan per Unit
(C) CONTACT THESE OFFICE LENDERS FOR FINANCING OPTIONS:
The information contained herein while based upon data supplied by
sources deemed reliable, is subject to errors or omissions and is not in any
way, warranted by Advanced Brokerage, or by any agent, independent
associate, subsidiary or employee of Advanced Business Brokerage. This
information is subject to change.
Jason Sykora
Senior Vice President, NMLS# 819087
8800 Katy freeway, suite 110, Houston, TX 77024
(281) 979-5356 | Cell (281) 517-6413 | Direct
www.allegiancebank.com
(A) PROPERTY DESCRIPTION:
• Total 4PLEX units for Sale: 16 Units
• Design Concept: All 16 units are same design concept “Quinta”
• APARTMENTS PER UNIT: 4 apartments.
• SIZE PER APARTMENT: +/- 1,070 Square Feet
• SIZE PER 4PLEX : +/- 4,280 Square Feet
(B) PURCHASE PAYMENT SCHEDULE:
Contact:
Ernesto Grey
[email protected] Kuykendhal Rd Suite D-300, Tomball TX 77375
Tel. 956.330.4460
Pay # PURCHASE PRICE 760,000.00$
1 Earnest Money 10,000.00$
2 Downpayment for Construction Preparation 66,000.00$
3 Phase I Construction (Foundation & Utilities) 152,000.00$
4 Phase II Construction (Framing and Roof) 152,000.00$
5 Phase III Construction (Tiles and Kitchen) 152,000.00$
6 Phase IV Final Construction (Appliances) 152,000.00$ Estimated 1-2 months
7 Final Payment: delivery & closing 76,000.00$
Purchase & Payment Plan Comments
Estimated 2-3 months
Due at closing
Estimated construction completion & Delivery time 10 to 12 months
All units are same price
5 days from signing
5 days after feasibility period
Estimated 2-3 months
Estimated 2-3 months
