Elegant Apartment Living

THE RAIL at Georgetown

Elegant Apartment Living

KET Enterprises Incorporated 4295 San Felipe, Suite 355

Houston, TX 77027 713.355.4646

[email protected] www.ketent.com

Houston Income Properties

6363 Woodway Suite 370 Houston, Texas 77057

713-783-6262 [email protected]

www.hipapt.com

The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626

Units: 113

Avg Size: 423

Date Built: 1986

Rentable Sq. Ft.: 47,800

Acreage: 4.43

Occupancy 95%

Class: B

► Value Add Investment with Completion of Interior Rehab

► $868K Spent to Date on Interior and Exterior Rehab

► Excellent Freeway Access

► 30 Minutes From Downtown Austin

►

► Lack of Supply in Georgetown Driving Rental Demand

► Near Several Major Employers, Shops and

Restaurants

► Strong Rental Market

► Located 1.3 Miles from Southwestern University, and

St. David's Georgetown Hospital

► Easy Access to I-35, Round Rock and Austin

► 53 Units Have Been Fully Rehabbed and 2 Units

Have Been Partially Rehabbed

FOR MORE INFORMATION PLEASE CONTACT:

INVESTMENT HIGHLIGHTS

708 W. 15th St., Georgetown, TX 78626

Heavily Wooded Site Located a Block from the San

Gabriel River

A P A R T M E N T S F O R S A L E TO BE DETERMINED BY MARKET

The Rail at Georgetown Apartment Homes

Tom Wilkinson KET Enterprises Incorporated

4295 San Felipe, Suite 355 Houston, TX 77027

713.355.4646 [email protected] www.ketent.com

Jim Hurd




www.hipapt.com



Asking Price: Est Mkt Rent (Oct-18)

Amortization (Months) 3 Mo Avg

Debt Service Est Physical Occ (Oct-18)

Monthly Interest Payment

Interest Rate

Type

Water Meter RUBS Date Due

Est Res for Repl/Unit/Yr

Pitched Monthly Escrow

PRO-FORMA INCOMECurrent Street Rent with a 5% Increase $107,037 / Mo

Estimated Gross Scheduled Income $107,037 / Mo

Estimated Loss to Lease (2% of Total Street Rent) 2%

Estimated Vacancy (4% of Total Street Rent)Estimated Concessions and Other Rental Losses (4% of Total Street Rent) 4%

Estimated Utilities Income (electricity, water/sewer, & trash)Estimated Other Income $262 / SqFt / Yr

Estimated Total Rental Income

ESTIMATED TOTAL PRO-FORMA INCOME $101,894 / Mo

3 Mo Avg Income Annualized

Fixed Expenses

Estimated

$1,009 per Unit $1,389 per Unit

GasTrash RemovalTelephone Cable & Internet

Total Utilities $924 per Unit $985 per Unit

Other ExpensesGeneral & Admin & MarketingRepairs & MaintenanceLabor CostsContract ServicesManagement Fees 2.47% $251 per Unit 3.00% $325 per Unit

Total Other Expense $2,232 per Unit $2,293 per Unit

Total Operating Expense $4,165 per Unit $4,667 per Unit

Reserve for Replacement $300 per Unit $300 per Unit

Total Expense $4,465 per Unit $4,967 per Unit

Stabilized Net Operating Income

Valuation

Cap RateProposed DebtEquityEstimated Debt ServiceCash Flow

Cash on Cash

Physical Information Financial Information Projected Loan Information Operating Information

Avg Unit Size 423 $95,772

Number of Units 113 #VALUE! $101,940Mortgage Balance

360

MARKET

95%

Land Area (Acres) 4.43 Est Ins per Unit per Yr

Net Rentable Area 47,800

$190#VALUE!

#VALUE!

Units per Acre 25.508 Property Tax Information

Date Built 1986 2017 Tax Rate/$100 2.29553

5.00%

Elec Meter Indiv $300 Est 2017 Taxes $95,337

2018 Assessment $4,153,17010 yr

INCOME

1,284,444

1,284,444

HVAC System HVAC-Indiv Est Future Taxes $135,436

Roof Style Est FutureTax Assessment $5,900,000

* per unit -; per ft -

yes

(25,689)

(51,378) 4%

MODIFIED ACTUALS PRO-FORMA

1,222,734

(51,378)

37,138 $329 / Unit / Yr

29,596

1,222,734

$1,149,268

EXPENSE Nov '17 thru Oct '18 Expenses Estimated Future Expenses

Fixed Expenses Estimated Fixed Expenses

Total Fixed Expense 114,072 156,937

Taxes $92,571 $819 per Unit 10/18 Trailing Operating Statement $135,436 $1,199 per Unit 2017 Tax Rate & Future Assessment

Utilities Utilities Estimated Utilities

Insurance $21,501 $190 per Unit $21,501 $190 per Unit

Electricity $19,798 $175 per Unit $21,778 $193 per Unit

$48,842 $432 per Unit $53,726 $475 per UnitWater & Sewer

$ per Unit$0 $0 $ per Unit

$14,607 $129 per Unit $14,607 $129 per Unit

$21,175 $187 per Unit $21,175 $187 per Unit

104,422 111,286

Other Expenses Estimated Other Expenses

$62,252 $551 per Unit $62,252 $551 per Unit

$0 $ per Unit $0 $ per Unit

$28,343 $36,682

$47,212 $418 per Unit $47,212 $418 per Unit

$114,400 $1,012 per Unit $113,000 $1,000 per Unit

504,601 561,270

644,667 661,464

MARKET MARKET

252,208 259,146

470,701 527,370

33,900 33,900

NOTES: ACTUALS: Income and Expenses calculated using owner's 10/18 Trailing Operating Statement. PRO FORMA: Income is Pro Forma as Noted. Taxes were calculated using

2017 Tax Rate & Future Assessment. Insurance is estimated. Management Fees calculated as 3.00% of Gross Income, Other expenses are Estimated for the Pro Forma.

DISCLAIMER: The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt the accuracy of the information, but we have not verified it and make no guaranty, warranty or representation about it. It is your resonsibility to independently

confirm its accuracy and completeness. We have not determined whether the property complies with deed restrictions or any city licensing or ordinances including life safety compliance or if the property lies within a flood plain. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH

ITEM OF INCOME OR EXPENSE AND PERFORM OR HAVE PERFORMED ANY INSPECTIONS TO VERIFY POSSIBLE CONTAMINATION BY ASBESTOS, LEAD PAINT, MOLD OR ANY OTHER HAZARDOUS SUBSTANCES. The owner reserves the right to withdraw this listing or change

the price at anytime without notice during the marketing period.

0 0644,667 661,464

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

11/14/2018 TheRail - Georgetown

The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626 Property Overview

Age: 1986 Mortgage Balance

Renovated: 2018 Lender

Elec Meter: Indiv Amortization City of Georgetown $0.420000

A/C Type: HVAC P & I Georgetown ISD $1.409000

Water: RUBS Type Williamson County $0.426529

Wiring: Copper Assumable Williamson County FM/RD $0.040000

Roof: Pitched Monthly Escrow

Paving: Asphalt Origination Date

Materials: Brick/Wood Due Date

# of Stories: 2 Interest Rate

Buildings: 26 Yield Maintenance 2017 Tax Rate/$100 $2.295529

Parking: Surface Transfer Fee 2018 Assessment $4,153,170

Units/Acre: 25.51

Nov 2017 79,580$

Dec 2017 87,811$ 12 Mo Avg $80,207

Jan 2018 50,992$

Feb 2018 58,896$ 9 Mo Avg $82,677

Mar 2018 74,267$

Apr 2018 77,731$ 6 Mo Avg $88,867

May 2018 75,531$

Jun 2018 84,132$ 3 Mo Avg $95,772

Jul 2018 86,222$

Aug 2018 92,918$ Total $962,480

Sep 2018 93,207$

Oct 2018 101,192$

COLLECTIONS

PROPERTY INFORMATIONWilliamson County

PLEASE DO NOT VISIT THE SITE WITHOUT AN APPOINTMENT MADE THROUGH THE BROKER.

PROPERTY HIGHLIGHTS

Property ID: R042684; R041110; R044767

TAXING AUTHORITY CURRENT MORTGAGE

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent roll, etc. provided by the Owner. Notwithstanding, KET Enterprises Incorporated does not make any warranties about the information contained in this marketing package. Every prospective purchaser should verify the information and rely on his accountants or attorneys for legal and tax advice. This offer is “As-Is, Where-Is”. Answers to specific inquiries will have to be supplied by the Owner and are available upon request. Rates of return vary daily. No representations are made concerning environmental issues, if any.

The Rail is a 113 units apartment property located just 1 block from the beautiful San Gabriel river. The asset was built in 1986. The property has undergone interior and

exterior rehab.

The Rail at Georgetown is next to beautiful Kelley Park and just blocks from the town square, grocery stores, shopping and entertainment. The property consists of one

and two bedroom apartment homes with unique floor plans designed to provide easy living through maximum efficiency, and small building groups make parking that's

just steps to the front door. Residents benefit from options like valet trash, and in-unit washer/dryer. Pets are welcome and there is a Rail Yard Bark Park!

The community is within close proximity to a GoGeo transit stop, 1.3 miles from Southwestern University, with easy access to Interstate 35, Round Rock, The Domain,

and Downtown Austin.

The owner could add 2 more units (thereby bringing unit mix to 113) by moving the office to the railway car and putting the laundry room in the store room, thus increasing

collections. Occupancy is currently 95%.

Per owner, 53 units have received a total rehab, of which 40 are 1 BR-1 BA and 13 are 2 BR-1 BA and 2 units, 1 BR-1 BA, have been partially rehabbed. Current

owner is only remodeling units begun the the previous owner as they become vacant. Several buildings have also received new siding and paint. Property appears to

have 8 year old roofs.

Per owner, renovated units lease for $875.00, while traditional units lease for $815.00. There is an additional $10/month charge for the property protection plan (PPP).

PPP is a Property Protection Plan that is offered to residents as an easy alternative to renters insurance. PPP provides $5K of reimbursement protection in case of fire

only.


Property Address Yr Built Units Impr Sq.Ft. Impr Value Impr Value/Unit Impr Value/Sq.Ft.

1 Georgetown Park 209 Luther Dr. 1984 160 105,798 $8,851,378 $55,321 $83.66

R048016; R48018

2 302 North 302 Apple Creek Dr. 1985 176 131,252 $10,230,756 $58,129 $77.95

R040340

3 Oaks at Georgetown 550 W. 22nd St. 1996 192 172,032 $8,236,888 $42,900 $47.88

R044795

4 Indian Creek 600 Luther Dr. 1985 240 213,344 $10,636,242 $44,318 $49.85

R051348

5 Westwood Townhomes 200 Riverbend 1997 110 129,710 $7,658,053 $69,619 $59.04

R373560

The Rail 708 W 15th St. 1986 113 47,800 $4,153,170 $36,754 $86.89

R042684; R041110; R044767

2018 KET RENT COMPARABLE TAX ANALYSIS

Averages 1989 165 133,323 $8,294,415 $51,173 $67.55

KET Enterprises Incorporated I 4295 San Felipe, Suite 355 I Houston, TX 77027 I 713-355-4646 I www.ketent.com


2018 KET RENT COMPARABLE TAX ANALYSIS

KET Enterprises Incorporated I 4295 San Felipe, Suite 355 I Houston, TX 77027 I 713-355-4646 I www.ketent.com

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The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626 Amenities

*In Select Units

Approximately 60+ new water heaters $45,000

All units have new flooring $79,100

New ceiling fans for all units $20,315

New outlets and switches for all units $7,500

Six new exterior signs $49,000

New exterior windows in approximately 60% of units $24,350

Approximately 34 new complete HVAC systems 410A $54,400

New appliances to black/stainless $66,500

New light fixtures, knobs and locks $15,263

Upgraded all electrical boxes to GE $16,950

All new interior doors $33,900

New gazebo $40,000

All new LED lighting for exterior of buildings $3,250

All 4 dumpsters has stone enclosures with gates $15,000

Sprinkler system updated with low-flow sprinkler heads $3,500

All units have new shust offs and water lines in kitchen and bath $11,300

Added curbs to parking lots $32,750

Kitchen remodels (41) cabinets, granite countertops $61,500

Bath remodels with laundry connections (21) $12,600

TOTAL CAPEX 05/2014 THRU 05/2017 $592,178

CAPITAL EXPENDITURES 05/2014 THRU 05/2017

Full Kitchen Appliances Heat/Air Conditioning Stackable Washer/Dryer Available for Rent* Window Coverings Ceiling Fans Dishwasher* Garbage Disposal* Microwave Refrigerator Faux Wood Flooring Walk-In Closets

Unit Amenities

House Keeping Services On-Site 24 Hour Maintenance Package Receiving Clothes Care Facility Courtyard View Fire Pit Conversation Area Outdoor Barbeque Next Door to Kelley Park Perimeter Fence

Community Amenities

The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626 Unit Mix

Type Description No. Units Sq Ft Total SqFt Market Rent Total Rent Rent/SF

Studio 1 Bed/1 Bath 71 400 28,400 $875 $62,125 $2.19

Studio 1 Bed/1 Bath 27 400 10,800 $875 $23,625 $2.19

1B 2 Bed/1 Bath 13 600 7,800 $1,111 $14,440 $1.85

Laundry* 1 400 400 $875 $875 $2.19

Office* 1 400 400 $875 $875 $2.19

Owner's 10-8-18 Rent Roll

113 423 47,800 $902 $101,940 $2.13

UNIT MIX

Total UnitsAverage

Sq. Ft.

Total Sq.

Feet

Average

Rent/Unit

Total

Rent

Average

Rent/ SFTOTALS AND AVERAGES

Rentable Units

88%

12%

Unit Type

1 Bed/1 Bath 2 Bed/1 Bath

98

13

Unit Size

1 Bed/1 Bath 2 Bed/1 Bath

*Laundry can be moved to the shop area and Office can be moved to the railroad car.


One Bedrom / One Bath

400 Sq. Ft.


One Bedrom / One Bath

400 Sq. Ft.


Two Bedrom / One Bath

600 Sq. Ft.



710 West 13th St. 8 buildings 1 bedroom / 1 bath units

700 West 14th St. 1 building 2 bedroom / 1 bath units

708 West 15th St. 17 buildings 1 bedroom / 1 bath units

708 West 15th St.

710 West 13th St.

700 West 14th St.

The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626 Rent Comparables

1

2

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5

Totals/Averages Comps 2002 84% 215 787 $1,148 $1.46

Rail at Georgetown

708 W 15th St.

94% 2,562 874 $994 $1.185

Austin Market Averages 92% 174,466 860 $1,100 $1.317

Rent Comparables - July 2018 (Enriched Data)

1985

Year Built Occ #Units P/SF

1984

Avg Rent

92% 160 629

96% 176 673 $942

1.410$887

1.400

$2.13

Property Name

Georgetown Park

209 Luther Dr.

1986 95% 113 423 $902

302 North

302 Apple Creek Dr.

Avg SF

Rivery Park

1400 Rivery Blvd.1.360

Two Rivers

105 North Austin Ave.1.520

Hillstone at Wolf Ranch

2300 Wolf Ranch Parkway2017 47% 332 823

2012

Georgetown Market Averages

$1,317

91% 179 994 $1,511

1.600

2014 92% 228 817 $1,111

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2

1

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Austin

The Austin market has been listed by Forbes Magazine as the number 1

place in the country in terms of job growth as well as many other factors. The strong

job growth coupled with all other factors troubling the economy has set Austin apart

from the rest of the country when it come to a continued strong apartment market.

QUALITY OF LIFE

The quality of life in Austin is second to none. There continues to be an influx of over

68,000 people per year moving to Austin to enjoy Austin's hot job market, strong local

economy, but most importantly Austin's quality of life. Whether single and getting into

the job market, or raising a family, there is something for everyone in Austin.

The Austin MSA is among the Least Stressed Cities in the U.S. - Good health, low

crime and relatively low unemployment has placed Austin as the fifth least stressed

metro area in the U.S. Portfolio.com and bizjournals created a 10-part formula to

estimate the stress levels in the nation's 50 biggest metros, using the latest data

available from several government agencies and private firms. The variables

assessed included unemployment, income growth, poverty, deaths, from circulatory

system diseases, sunshine, unhealthy air, crime, commuting and housing costs.

A U S T I N

The Austin MSA was named top U.S. Entrepreneurial Center by Entrepreneur Magazine

whoc identifies the top creative cities. Austin topped the "creative centers" group and is

noted as the nation's most progressive and proactive entrepreneurial centers. Startups

abound in all key industry sectors of technology innovation like gaming, software, mobile,

clean tech and life sciences. In the regional hotbed of innovation, startups are embraced,

encouraged and proliferative. In fact, Angel List catalogues over 487 regional startups

and the region is one of the top Venture Capital investment spots in the country. The

Central Texas Angel Network has been named one of the top five angel networks in the

country. Austin is home to the largest entrepreneurial gathering in the world at the South

by Southwest Music convestion held in March every year. Austin's business climate

includes globally respected educational and research institutions and a young, educatead

workforce. The Chamber connects experienced, out of market talent with Central Texas

employers through Austin Tech source.com, a technology talent web portal designed to

recruit and retain a skilled workforce to the Austin area. The following lists some of the

notable corporate relocations or expansions in Austin:

Visa Inc. selected Austin for its Global IT Center which created in excess of 750 permanent jobs with an investment of $27.3 million.

HID Global, a leader in security identiy solutions, selected Austing creating 276 jobs, with an investment of $36 million.

Samsung proceeded with a $4 billion investment, the largest investment in Texas by a foreign company.

Apple Inc. expanded creating 3,635 jobs with an investment of $282,500,000.

US Farathane, a manufacturer of injection molded components expanded creating 228 jobs with an investment of $26,900,000.

The Advisory Board company, a software development company, expanded creating 239 jobs with an investment of $8 million.

Ebay expanded to Austin creating 1,000 jobs with an investment of $5 million.

The Austin market has been listed by Forbes Magazine as the Number 1 place in the country in terms of job growth.

Source: Marcus & Millichap Apartment Research Market Report April 2017

Austin MSA, Austin will create 20,000 jobs during 2017 increasing

employment 2%. Last year 23,400 jobs were created.

Per multiple Business Facilities Metro Rankings, Austin is rated:

No. 1 for quality of life. No. 1 for Renewable Energy Availability No. 2 Among the Greenest Metros in the United States

Austin MSA is ranked No. 1 on Kiplinger's list of the "Best Cities for the

next decade" citing Austin as a locale that specializes in innovative thinking.

Austin MSA ranks #19 in the Top 100 cities of the Global Innovation

Economy. Austin is the 44th city globally and 7th nationally with cultural assets, human infrastructure and networked markets of a competitive and innovative economy.

The greater Austin region is home to 4,000 technology companies developing and

delivering thousands of cutting edge technologies throughout the world. Collectively

these companies employ approximately 103,000 Central Texas residents, constituting

approximately 13% of the regional work force base. Their wages and payroll constitute

25% of the regional total - over $9 billion. Clearly technology drives the Austin economy.

Household Formation Favors Renting in Austin, Keeps Apartment Vacancy Historically Low

Rising home prices and robust housing demand will support healthy renter

household formation. Home price appreciation occurred at a record pace for

the past four years, outpacing both rent and income growth. Renting has

become the more affordable option, particularly in urban areas of the metro,

driving strong absorption trends during a period of record building, keeping

vacancy low. To address this demand, completions will remain elevated this

year, though they will dip slightly from last year’s record level. Even though

the market’s total employment annual growth will slow, residents moving to

the metro coupled with graduates entering the job market will keep demand

for housing robust. The ability of many to purchase their first home in the

market will be low as prices in desired neighborhoods climb out of reach.

The tightening of the housing market will have many of these new

households favoring apartments over homeownership in the coming months.

Vacancy will stay below 5 percent and generate healthy rent gains across

the market during 2017.

Austin

Dell, Inc. (13,000)

Clinical Pathology Laboratories (545)

National Instruments (7,400)

Texas Guaranteed Student Loan (485)

IBM Corp. (7,000)

LegalZoom (468)

Round Rock ISD (6,300)

Amazon (450)

Leander ISD (5,000)

Field Asset Services (440)

Apple (4,450)

National Oilwell Varco (429)

Applied Materials (3,725)

Hewlett-Packard (423)

Flextronics (2,550)

Volusion (370)

Whole Foods Market (1,995)

Michael Angelo's Gourmet Food (370)

Charles Schwab (1,875)

Texas Association of School Boards (370)

Austin Regional Clinic (1,750)

D&W Painting, Inc. (350)

AECOM (1,575)

AT&T Testing Labs (300)

3M (1,550)

BMC Select, Inc. (275)

Sears Teleserv (1,500)

ETS-Lindgren (270)

Hospira (1,450)

Keller Williams Realty (256)

Oracle Corp. (1,400)

CoreSlab Structures (250)

eBay/PayPal (1,050)

United Teachers Association, Inc. (240)

Accenture (1,000)

Golfsmith (225)

HomeAway (990)

Planview Inc. (210)

Q2 (875)

Baker Drywall (200)

Emerson Process Management (875)

M E Ruby Jr, Inc. (200)

Cypress Semiconductor (860)

Firefly Space Systems (150)

Cisco Systems (815)

Marwen and Son, LLC (150)

Visa (800)

Native Land Design (140)

Electronic Arts (750)

Defense Contract Services, Inc. (138)

Scott and White Healthcare (750)

Fallbrook Technologies (110)

Harte-Hanks (735)

Builder Homesite, Inc. (100)

St. David's Round Rock Medical Center (689)

Dennis Steel, Inc. (100)

Blizzard Entertainment (675)

Texas Quarries (100)

City of Cedar Park (609)

Dana Cedar Park Technology Center (80)

Cedar Park Regional Medical Center (600)

Flame Tech (75)

Liquidation Channel (600)

Austin Wood Recycling (70)

Bazaarvoice (567)

3PS Headquarters (50)

AREA MAJOR EMPLOYERS (Number of Employees)

Companies in Bold Indicate Headquarters

Austin

The Rail at Georgetown ● 708 W. 15th St. ● Georgetown, TX 78626 Demographics


2018 Estimated Population 9,369 26,405 44,020

2023 Projected Population 11,019 31,224 52,270

2010 Census Population 7,483 19,970 31,089

2000 Census Population 6,598 16,569 23,933

Projected Annual Growth 2018 to 2023 3.5% 3.7% 3.7%

Historical Annual Growth 2000 to 2018 2.3% 3.3% 4.7%

2018 Median Age 36.5 36.3 36.7

2018 Estimated Households 2,929 8,525 14,513

2023 Projected Households 3,340 9,670 16,445

2010 Census Households 2,479 6,706 10,842

2000 Census Households 2,076 5,335 8,016

Projected Annual Growth 2018 to 2023 2.8% 2.7% 2.7%

Historical Annual Growth 2000 to 2018 2.3% 3.3% 4.5%

2018 Estimated White 71.7% 78.4% 79.1%

2018 Estimated Black or African American 9.9% 6.6% 6.2%

2018 Estimated Asian or Pacific Islander 1.6% 2.2% 2.6%

2018 Estimated American Indian or Native Alaskan 0.6% 0.6% 0.6%

2018 Estimated Other Races 16.3% 12.2% 11.4%

2018 Estimated Hispanic 36.6% 29.7% 27.9%

2018 Estimated Average Household Income $66,371 $82,414 $82,819

2018 Estimated Median Household Income $52,572 $68,461 $69,642

2018 Estimated Per Capita Income $22,970 $27,550 $27,886

2018 Estimated Elementary (Grade Level 0 to 8) 9.5% 6.6% 5.4%

2018 Estimated Some High School (Grade Level 9 to 11) 8.7% 6.8% 6.5%

2018 Estimated High School Graduate 30.4% 25.4% 24.9%

2018 Estimated Some College 19.2% 20.9% 21.7%

2018 Estimated Associates Degree Only 6.9% 8.0% 8.5%

2018 Estimated Bachelors Degree Only 17.0% 22.4% 23.1%

2018 Estimated Graduate Degree 8.3% 9.9% 9.8%

2018 Estimated Total Businesses 939 1,499 1,948

2018 Estimated Total Employees 9,975 16,344 19,623

2018 Estimated Employee Population per Business 10.6 10.9 10.1

2018 Estimated Residential Population per Business 10.0 17.6 22.6

SUMMARY PROFILE1 Mile

Radius

2 Mile

Radius

3 Mile

Radius

2000-2010 Census, 2018 Estimates with 20223Projections

Calculated using Weighted Block Centroid from Block Groups

Ethnicity - 1 Mile Radius

PO

PU

LA

TIO

N R

AC

E A

ND

ET

HN

ICIT

Y

INC

OM

E

Average Income Subject - 1 Mile Radius

ED

UC

AT

ION

(AG

E 2

5+

)B

US

INE

SS

HO

US

EH

OL

DS

63%

37%

Non-Hispanic

Hispanic

$66,371

$102,418

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Subject Austin

45%

6%

1%

11%

37% White

Black

Asian

Other

Hispanic



Assumption

or All cash

N/A

2727 Brazos Lofts ● 2727 Brazos Street ● Houston, TX 77006

D I S C L A I M E R & N O N-E N D O R S E M E N T N O T I C E

FOR INFORMATION PLEASE CONTACT:

Disclaimer: The information contained in this Memorandum reflects material from sources deemed to be reliable, including data such as operating statements, rent rolls, etc. However, we (KET Enterprises Incorporated and Houston Income Properties, Inc. or any of the owners or officers, directors, employees, agents or representatives of any such entities) have not verified its accuracy and make no guarantee or representation about it. It is submitted subject to the possibility of errors, omissions, change of rental or other conditions. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. We make no representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Property or any other matters set forth herein. You and your tax and legal advisors should verify the information and rely on his accountants or attorneys for legal and tax advice. Rates of return vary daily. No representations are made concerning environmental issues, if any. Non-Endorsement Notice: KET Enterprises Incorporated nor Houston Income Properties, Inc. is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by KET Enterprises Incorporated or Houston Income Properties, Inc. or any of the owners or officers, directors, employees, agents or representatives of any such entities, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY

The Rail at Georgetown apartment homes

Tom Wilkinson KET Enterprises Incorporated

4295 San Felipe, Suite 355 Houston, TX 77027

713.355.4646 [email protected] www.ketent.com

Jim Hurd




www.hipapt.com

Documents

Elegant Apartment Living