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Stoddard Townhomes TOWNHOME LIVING, 30 UNITS
Stoddard Townhomes CONTENTS
Exclusively Marketed by:
Grayson Pounder Tyler Gerding President, Principal Broker Vice President, Broker 503-680-4638 503-467-8901 License # 200008193 License # 201010006 [email protected] [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
6105 SW Macadam Ave, ste 200 Portland, OR 97239
01 Executive Summary Investment Summary 4
02 Property Description Property Features 6 Aerial Map 7 Property Images 8
03 Sale Comps Sale Comparables Summary 12
04 Financial Analysis Income & Expense Analysis 17
05 Demographics Demographics 19 Demographic Charts 20
06 Additional Information Condo Conversion Sales Comps 23
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OFFERING SUMMARY ADDRESS 4501 SW Stoddard Drive
Beaverton OR 97007
PRICE PSF $193.89
GRM (CURRENT) 12.94
DOWN PAYMENT $2,555,000
LOAN AMOUNT $4,745,000
INTEREST RATE 4.50 %
ANNUAL DEBT SERVICE $288,508
LOAN TO VALUE 65 %
AMORTIZATION PERIOD 30 Years
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2018 Population 13,980 127,096 300,849
2018 Median HH Income $74,800 $71,601 $71,950
2018 Average HH Income $80,926 $90,665 $91,149
Property Highlights:
-Mature Landscaping
-Scenic Green Spaces and Playground
-Townhomes with Individual Patios
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Site Description NUMBER OF UNITS 30
BUILDING SF 37,650
LAND SF 127,258
LAND ACRES 2.96
YEAR BUILT 1977
# OF PARCELS 3
SECURITY DEPOSIT $800.00
TRASH Owner Paid, Bill Back
ELECTRIC Tenant Paid
RUBS Tenant Paid
CONSTRUCTION FRAMING Wood
PARKING SURFACE Asphalt
ROOF Pitched, composition
Covered Carports for Each Unit Exterior Storage Closets
HOA Maintained Playground Plentiful Greenspace and Mature Landscaping
Stoddard Townhomes Property Images | 09
Fenced Patio off Dining Area, Additional Patio off Living Room
Washer & Dryer Hook Ups In All Units
Vaulted Ceilings & Balconies in Most Master Bedrooms
Mirrored Closet Door in Remodeled Units
Stoddard Townhomes Property Images | 10
Large Dining Area & Two Pantry Closets Spacious Living Room with Patio
Walk in Style Closets in Masters Plentiful Closet Space in Bedrooms
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TOTAL UNITS 5
YEAR BUILT 2000
SALE PRICE $1,255,000
LOW HIGH
2
Multifamily Sales Comp 4445 SW 188th Avenue Aloha, OR 97007
TOTAL UNITS 8
YEAR BUILT 1974
SALE PRICE $1,433,000
LOW HIGH
3
Multifamily Sales Comp 12590-12624 SW Butner Road Beaverton, OR 97005
TOTAL UNITS 8
YEAR BUILT 1970
SALE PRICE $1,850,000
LOW HIGH
4
Multifamily Sales Comp 5220 SW Franklin Avenue Beaverton, OR 97005
TOTAL UNITS 4
YEAR BUILT 1955
SALE PRICE $830,000
LOW HIGH
Stoddard Townhomes Sale Comparables Summary | 14
5
Multifamily Sales Comp 4946 SW Marissa Terrace Beaverton, OR 97078
TOTAL UNITS 11
YEAR BUILT 2017
SALE PRICE $3,400,000
LOW HIGH
6
Multifamily Sales Comp 17422 NW Springville Road Portland, OR 97229
TOTAL UNITS 40
YEAR BUILT 2018
SALE PRICE $10,500,000
LOW HIGH
Notes Studio/1 (4) & 1/1 (6) & 2/2 (30), 549-1,029 SqFt, $1,375-$1,595
Stoddard Townhomes Sale Comparables Summary | 15
S
TOTAL UNITS 30
YEAR BUILT 1977
ASKING PRICE $7,300,000
LOW HIGH
INCOME CURRENT PRO FORMA
Fee Income $6,135 $5,625
Less: General Vacancy $29,610
Less: Expenses $158,714 $170,485
Cash Flow After Debt Service $103,458 $134,752
Principal Reduction $74,983 $74,983
EXPENSES CURRENT PRO FORMA
Repairs & Maintenance $755 $22,642 $650 $19,500
Payroll $655 $19,656 $804 $24,110
Management Fee $507 $15,200 $904 $27,124
Utilities $1,579 $47,360 $1,577 $47,300
HOA $60 $1,800 $60 $1,800
Contracted Services/Landscaping $213 $6,400 $213 $6,400
Real Estate Taxes $1,025 $30,751 $1,025 $30,751
Insurance $192 $5,750 $200 $6,000
Total Operating Expense $5,290 $158,714 $5,683 $170,485
Reserves $453 $13,585 $300 $9,000
Expense / SF $4.21 $4.52
% of EGI 28.13 % 28.28 %
Per Unit Per Unit
2000 Population 10,800 89,761 225,077
2010 Population 12,680 110,189 266,422
2018 Population 13,980 127,096 300,849
2023 Population 14,967 138,553 324,752
2018 African American 342 4,070 8,104
2018 American Indian 133 1,038 2,364
2018 Asian 1,239 17,186 38,084
2018 Hispanic 3,202 24,095 59,068
2018 White 9,905 84,979 205,984
2018 Other Race 1,595 12,000 28,505
2018 Multiracial 708 7,196 16,384
2018-2023: Population: Growth Rate 6.85 % 8.70 % 7.70 %
2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 251 2,632 6,886
$15,000-$24,999 255 2,472 7,185
$25,000-$34,999 340 3,622 9,220
$35,000-$49,999 489 5,660 13,794
$50,000-$74,999 1,004 8,914 21,377
$75,000-$99,999 1,008 6,993 16,920
$100,000-$149,999 920 8,255 21,217
$150,000-$199,999 301 3,334 8,958
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 3,751 33,780 89,857
2010 Total Households 4,299 39,314 101,347
2018 Total Households 4,666 44,860 113,165
2023 Total Households 4,977 48,816 121,879
2018 Average Household Size 2.97 2.82 2.64
2000 Owner Occupied Housing 2,636 20,211 47,382
2000 Renter Occupied Housing 1,010 11,875 37,433
2018 Owner Occupied Housing 3,359 27,918 62,829
2018 Renter Occupied Housing 1,308 16,942 50,337
2018 Vacant Housing 157 1,835 5,619
2018 Total Housing 4,823 46,695 118,784
2023 Owner Occupied Housing 3,664 30,855 69,008
2023 Renter Occupied Housing 1,313 17,961 52,871
2023 Vacant Housing 166 1,786 5,516
2023 Total Housing 5,143 50,602 127,395
2018-2023: Households: Growth Rate 6.50 % 8.50 % 7.45 %
Source: esri
1 Mile Radius 3 Mile Radius 5 Mile Radius
2018 Household Income
2018 Population by Race
2018 Household Occupancy - 1 Mile Radius
Average Income Median Income
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Condo Conversion Comp 20380 SW Tammy CourtBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1970 SALE PRICE $305,000 PRICE/UNIT $305,000 PRICE/SF $302.58 CLOSING DATE 12/1/2017
Cap Rate Range
Condo Conversion Comp 4025 SW 202nd StreetBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1973 SALE PRICE $310,000 PRICE/UNIT $310,000 PRICE/SF $267.24 CLOSING DATE 2/1/2017
Cap Rate Range
Stoddard Townhomes Sale Comparables Summary | 05
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Condo Conversion Comp 4110 SW 203rd AvenueBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1970 SALE PRICE $295,983 PRICE/UNIT $295,983 PRICE/SF $293.63 CLOSING DATE 9/1/2016
Cap Rate Range
Condo Conversion Comp 20896 SW Eggert WayBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1997 SALE PRICE $238,500 PRICE/UNIT $238,500 PRICE/SF $196.78 CLOSING DATE 3/1/2016
Cap Rate Range
Stoddard Townhomes Sale Comparables Summary | 06
5
Condo Conversion Comp 20752 SW Eggert WayBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1998 SALE PRICE $265,000 PRICE/UNIT $265,000 PRICE/SF $212.51 CLOSING DATE 5/1/2016
Cap Rate Range
Condo Conversion Comp 4640 SW Stoddard DriveBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1979 SALE PRICE $331,000 PRICE/UNIT $331,000 PRICE/SF $227.65 CLOSING DATE 5/1/2017
Cap Rate Range
Stoddard Townhomes Sale Comparables Summary | 07
7
Condo Conversion Comp 20894 SW Eggert WayBeaverton, OR 97007
TOTAL UNITS 1 YEAR BUILT 1997 SALE PRICE $269,000 PRICE/UNIT $269,000 PRICE/SF $221.95 CLOSING DATE 10/1/2016
Cap Rate Range
Stoddard Townhomes 4481-4501 SW Stoddard DriveBeaverton, OR 97007
TOTAL UNITS 8 YEAR BUILT 1977 ASKING PRICE $1,995,000 PRICE/UNIT $249,375 PRICE/SF $480.00 CAP RATE 5.40 % GRM 13.05 OCCUPANCY 100.00 %
Cap Rate Range 5.40 % - 5.40 %
LOW HIGH
Stoddard Townhomes
CONFIDENTIALITY and DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Pounder Realty and it should not be made available to any other person or entity without the written consent of Pounder Realty.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Pounder Realty. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Pounder Realty has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Pounder Realty has not verified, and will not verify, any of the information contained herein, nor has Pounder Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
Exclusively Marketed by:
Grayson Pounder Tyler Gerding President, Principal Broker Vice President, Broker 503-680-4638 503-467-8901 License # 200008193 License # 201010006 [email protected] [email protected]