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SAN JACINTO APARTMENTS3604 San Jacinto St., Dallas, TX 75204
LOGAN [email protected]
WA L L E R G R O U P, L . L . C .5115 McKinney Ave
Dallas, TX 75205214.736.1500
https:wallergrouphomes.com
Presented By:
M U L T I F A M I L Y P R O P E R T Y F O R S A L E
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 2
C O N F I D E N T I A L I T Y & D I S C L A I M E R
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
CONFIDENTIALITY & DISCLAIMER
All materials and information received or derived from Waller Group, L.L.C. its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmental requirements,developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.Neither Waller Group, L.L.C. its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not asubstitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. Waller Group, L.L.C. will not investigate orverify any such matters or conduct due diligence for a party unless otherwise agreed inwriting .EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION ANDDUE DILIGENCE .Any party contemplating or under contract or in escrow for atransaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionalsselected by such party. All financial data should be verified by the party including byobtaining and reading applicable documents and reports and consulting appropriateindependent professionals. Waller Group, L.L.C. makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial dataor assumptions. Waller Group, L.L.C. does not serve as a financial advisor to any partyregarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ from actualdata or performance. Any estimates of market rents and/or projected rents that may beprovided to a party do not necessarily mean that rents can be established at or increasedto that level. Parties must evaluate any applicable contractual and governmentallimitations as well as market conditions, vacancy factors and other issues in order todetermine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certifiedpublic accountant or tax attorney. Title questions should be discussed by the party with atitle officer or attorney. Real estate contract law and agency representation questionsshould be directed to the broker of record in the applicable state of the subject property.Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Waller Group, L.L.C. in compliancewith all applicable fair housing and equal opportunity laws.
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 3
O F F E R I N G P R O C E D U R E S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 4
OFFERING SUMMARY
Sale Price: $805,000
Number Of Units: 9
Lot Size: 0.21 Acres
Year Built: 1961
Building Size: 5,600
Renovated: 2018
Market: Dallas
Submarket: East Dallas
Price / SF: $143.75
This property is comprised of 9 - 1 bedroom units. Units 102, 104 and 105 have been completely remodeled. All remainingunits have interior renovations which include wood floors, new countertops, and resurfaced tubs in a few units. Proforma rentshave been based on the effective rent of the unit with these improvements. Unit 101 is not currently occupied and could bedivided to create a laundry facility on site or brought up to market condition. Tenants pay all utilities while owner pay just mainexterior lights. Property does not have central AC and has gas heat. Waller Group Property Management currently managesthe property and can continue with new owner.
PROPERTY OVERVIEW
With its hip, up-and-coming neighborhoods and proximity to employment centers, East Dallas is an alternative for millennialspriced out of the Uptown/Park Cities Submarket. Development continues to push eastward in this submarket, leading to thegentrification of many historically depressed areas. Areas benefiting from this attention include neighborhoods like Old EastDallas and the Baylor Medical Center area just north of Deep Ellum, as well as already established neighborhoods like the MStreets, Greenland Hills, KnoxHenderson and Lower Greenville. East Dallas neighborhoods are frequently mentioned asgentrifying, but demographic trends show that only a few select neighborhoods are being spruced up. The submarket has amedian annual household income of about $50,000 (compared with the metro average of more than $65,000), and incomesare rising but only along the North Central Expressway, near the Baylor Medical Center and in the wealthier Lakewood area.Due to this dynamic, developers are looking to draw renters from outside the submarket or even outside the metroplex to filltheir pricier new properties.
LOCATION OVERVIEW
E X E C U T I V E S U M M A R Y
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 5
COMMUNITY FEATURES
• Hip up-and-coming neighborhood for millennialtenants
• Ample surface parking for tenants.
INTERIOR FEATURES
• 1 bedroom units
• Property updates include new floors and updatedcountertops
VALUE-ADD OPPORTUNITIES
• Some units have been renovated/upgraded withupdated floors, countertops, and tub resurfacing.There is room for a value add by completing theremodel in remaining units. There is also a unit thatcould be split to add an additional studio or 1bedroom unit and an addition to a laundry facility onsite.
F E A T U R E S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
SALE PRICE $805,000
LOCATION INFORMATION
Building Name San Jacinto Apartments
Street Address 3604 San Jacinto St.
City, State, Zip Dallas, TX 75204
County/Township Dallas
Market Dallas
Submarket East Dallas
BUILDING INFORMATION
Building Size 5,600 SF
Occupancy % 78.0
Number Of Floors 2
Year Built 1961
Last Renovated 2018
Load Factor Yes
Exterior Walls Brick
Foundation Piers
PROPERTY DETAILS
Property Type Multifamily
Property Subtype Low-Rise/Garden
Lot Size 0.21 Acres
Submarket East Dallas
PARKING & TRANSPORTATION
Parking Description Surface parking lot
UTILITIES & AMENITIES
Central HVAC Window units
TAX INFORMATION
Taxes $15,010.11
Tax Value Land $321,550.00
Tax Value Improvements $230,450.00
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 6
P R O P E R T Y D E T A I L S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 7
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 8
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 9
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 10
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 11
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 12
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 13
L O C A T I O N M A P S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 14
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
LEASE
START
LEASE
END
CURRENT
RENT
CURRENT
RENT (PER SF)
SECURITY
DEPOSIT
102 1 1 600 6/1/2018 5/31/2019 $750 $1.25 $295
103 1 1 750 8/28/2017 7/31/2019 $650 $0.87 $0
104 1 1 600 1/16/2018 12/31/2018 $800 $1.33 $500
105 1 1 600 1/15/2018 12/31/2018 $800 $1.33 $800
201 1 1 5/18/2018 5/31/2019 $750 $1,000
202 1 1 600
203 1 1 570 08/20/2018 08/30/2019 $750 $1.32 $500
204 1 1 600 7/6/2018 7/31/2019 $750 $1.25 $1,000
205 1 1 580 9/1/2018 8/31/2019 $750 $1.29 $630
101 1 1
Totals/Averages 4,900 $6,000 $1.22 $4,725
R E N T R O L L
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 15
R E N T C O M P A R A B L E S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 16
A D D I T I O N A L P H O T O S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 17
1 Dallas, TX75246
4400 GASTON AVE2 Dallas, TX
75204
4611 MUNGER AVE
3604 San Jacinto St. | Dallas, TX 75204SUBJECT PROPERTY
R E N T C O M P S M A P
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 18
1 MILE 2 MILES 3 MILES
Total population 22,290 83,098 148,674
Median age 30.1 32.2 33.3
Median age (Male) 30.3 32.9 33.7
Median age (Female) 29.1 31.2 32.7
Total households 10,730 42,360 70,854
Total persons per HH 2.1 2.0 2.1
Average HH income $63,974 $82,079 $89,666
Average house value $216,256 $240,435 $250,507
* Demographic data derived from 2010 US Census
D E M O G R A P H I C S R E P O R T
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 19
D E M O G R A P H I C S
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments
WALLER GROUP || 5115 McKinney Ave || Dallas, TX 75205 || 214.736.1500 || https:wallergrouphomes.com 20
POPULATION 1 MILE 2 MILES 3 MILES
Total population 22,290 83,098 148,674
Median age 30.1 32.2 33.3
Median age (Male) 30.3 32.9 33.7
Median age (Female) 29.1 31.2 32.7
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 10,730 42,360 70,854
# of persons per HH 2.1 2.0 2.1
Average HH income $63,974 $82,079 $89,666
Average house value $216,256 $240,435 $250,507
* Demographic data derived from 2010 US Census
D E M O G R A P H I C S M A P
3604 San Jacinto St., Dallas, TX 75204San Jacinto Apartments