4902 ALI AVE. SAN ANTONIO, TX 78229...4902 Ali Ave. San Antonio, TX 78229 $485,000 5,212 SF $93.05...

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D O N N A C R A B T R E ED . 2 1 0 . 2 1 9 . 3 0 4 5

d o n n a @ s o p h u s p r o p e r t i e s . c o m

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4902 ALI AVE. , SAN ANTONIO, TX 78229

MULTIFAMILY PROPERTY FOR SALE

S O P H U S P R O P E R T I E S // 2 1 0 . 8 5 0 . 2 8 3 3 // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : // W W W. S O P H U S P R O P E RT I ES .CO M /

/ T A B L E O F C O N T E N T S

S o p h u s P ro p e r t i e s // 1 1 2 3 0 W ES T AV E N U E # 2 2 0 6 , SA N A N TO N I O, T X 7 8 2 1 3 // H T T P S : S O P H U S P R O P E RT I ES .CO M

PROPERTY INFORMATION 3

LOCATION INFORMATION 6

FINANCIAL ANALYSIS 10

SALE COMPARABLES 14

DEMOGRAPHICS 20

Confidentiality & Disclaimer ContentsAll materials and information received or derived from Sophus Properties 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 Sophus Properties 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 from anysource, whether written or verbal, that may be furnished for review are not a substitute fora party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. Sophus Properties will not investigate or verify any such mattersor conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verifyall information and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. Sophus Propertiesmakes no warranties and/or representations regarding the veracity, completeness, orrelevance of any financial data or assumptions. Sophus Properties does not serve as afinancial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/or projectedrents that may be provided to a party do not necessarily mean that rents can be establishedat or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues inorder to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questionsshould be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects,contractors, other consultants and governmental agencies. All properties and services aremarketed by Sophus Properties in compliance with all applicable fair housing and equalopportunity laws.

M U LT I F A M I LY P R O P E R T Y F O R S A L E

Table of Contents

SECTION 1

P R O P E R T Y I N F O R M A T I O N

P R O P E R T Y I N F O R M A T I O N / E X E C U T I V E S U M M A R Y P A G E 4


OFFERING SUMMARY

Sale Price: $485,000

Number Of Units: 4

Cap Rate: 5.47%

NOI: $26,539

Lot Size: 0.44 Acres

Year Built: 1986

Building Size: 5,212

Zoning: Multi family

Price / SF: $93.05

Large 2 story town home style units. Tenants pay their own utilities. All units have an appliance package to include refrigerator, stove,microwave and dishwasher. All units have washer/dryer hookups.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS• Close to Medical Center

• Easy access to 410 and I-10

• Easy access to Downtown

• Close to shopping

• Spacious 2 story floor

• Upside Rent Potential

• Private Patio

• Assigned Parking

• Quiet Cul-de-sac


PROPERTY INFORMATION | Executive Summary


PROPERTY INFORMATION | Additional Photos

P R O P E R T Y I N F O R M A T I O N / A D D I T I O N A L P H O T O S P A G E 5


L O C A T I O N I N F O R M A T I O N

L O C A T I O N I N F O R M A T I O N / L O C A T I O N M A P S P A G E 7



LOCATION INFORMATION | Location Maps

L O C A T I O N I N F O R M A T I O N / A E R I A L M A P P A G E 8



LOCATION INFORMATION | Aerial Map

L O C A T I O N I N F O R M A T I O N / S I T E P L A N P A G E 9



LOCATION INFORMATION | Site Plan

F I N A N C I A L A N A LY S I S

F I N A N C I A L A N A L Y S I S / F I N A N C I A L S U M M A R Y P A G E 1 1


INVESTMENT OVERVIEW

Price $485,000Price per Unit $121,250GRM 10.6CAP Rate 5.5%Cash-on-Cash Return (yr 1) 2.78 %Total Return (yr 1) $8,829Debt Coverage Ratio 1.18

OPERATING DATA

Gross Scheduled Income $45,600Other Income -Total Scheduled Income $45,600Vacancy Cost $1,368Gross Income $44,232Operating Expenses $17,693Net Operating Income $26,539Pre-Tax Cash Flow $4,042

FINANCING DATA

Down Payment $145,500Loan Amount $339,500Debt Service $22,497Debt Service Monthly $1,874Principal Reduction (yr 1) $4,787


FINANCIAL ANALYSIS | Financial Summary

F I N A N C I A L A N A L Y S I S / I N C O M E & E X P E N S E S P A G E 1 2


INCOME SUMMARY PER SF

Gross Income $44,232 $8.49

EXPENSE SUMMARY PER SF

Yard Maintenance $600 $0.12Management Fee $2,654 $0.51Taxes (2016) $11,028 $2.12Maintenance $2,211 $0.42Insurance $1,200 $0.23

Gross Expenses $17,693 $3.39

Net Operating Income $26,539 $5.09


FINANCIAL ANALYSIS | Income & Expenses

F I N A N C I A L A N A L Y S I S / R E N T R O L L P A G E 1 3


UNITNUMBER

UNITBED

UNITBATH

UNITSIZE (SF)

LEASESTART

LEASEEND

CURRENTRENT

CURRENTRENT (PER SF)

MARKETRENT

MARKETRENT/SF

SECURITYDEPOSIT

1 2 1.5 1,303 M/M $995 $0.76 $1,100 $0.84 $300

2 2 1.5 1,303 Vacant $1,100 $0.84

3 2 1.5 1,303 Vacant $1,100 $0.84

4 2 1.5 1,303 M/M $1035 $0.79 $1,100 $0.84 $300

Totals/Averages 5,212 $2,030 $0.77 $4,400 $0.84 $600


FINANCIAL ANALYSIS | Rent Roll

S A L E C O M P A R A B L E S

S A L E C O M P A R A B L E S / S A L E C O M P S P A G E 1 5


SUBJECT PROPERTY

4902 Ali Ave. | San Antonio, TX 78229

$485,000Sale Price: 0.44 ACLot Size:

1986Year Built: 5,212 SFBuilding SF:

$93.05Price PSF: 4No. Units:

$121,250Price / Unit: 10.64GRM:

5.47%Cap: $26,539NOI:

1

4910 ALI AVE.4910 Ali Ave. | San Antonio, TX 78229

$475,000Sale Price: 0 ACLot Size:



$118,750Price / Unit: 07/14/2017Closed:

100%Occupancy: $28,475NOI:

1

2

4906 ALI AVE.San Antonio, TX 78229





100%Occupancy:

2


SALE COMPARABLES | Sale Comps



3






100%Occupancy:

3

4






100%Occupancy:

4

5






100%Occupancy:

5





6






100%Occupancy:

6



S A L E C O M P A R A B L E S / S A L E C O M P S S U M M A R Y P A G E 1 8


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

4902 Ali Ave.San Antonio, TX 78229

$485,000 5,212 SF $93.05 $121,250 5.47% 10.64 4

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

4910 Ali Ave.4910 Ali Ave.San Antonio, TX 78229

$475,000 5,212 SF $91.14 $118,750 - - 4 07/14/2017

4906 Ali Ave.San Antonio, TX78229

$470,000 5,212 SF $90.18 $117,500 - - 4 07/31/2017


$475,000 5,438 SF $87.35 $118,750 - - 4 07/18/2017


$474,000 5,438 SF $87.16 $118,500 - - 4 03/14/2016


$470,000 5,438 SF $86.43 $117,500 - - 4 02/10/2017


$470,000 5,438 SF $86.43 $117,500 - - 4 10/11/2017

PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSETotals/Averages $472,333 5,363 SF $88.07 $118,083 - - 4

1

2

3

4

5

6


SALE COMPARABLES | Sale Comps Summary

S A L E C O M P A R A B L E S / S A L E C O M P S M A P P A G E 1 9


4902 Ali Ave. | San Antonio, TX 78229SUBJECT PROPERTY

1 4910 Ali Ave.San Antonio, TX 78229

4910 ALI AVE. 2 San Antonio, TX78229



4918 ALI AVE.

5 San Antonio, TX78229


4926 ALI AVE.


SALE COMPARABLES | Sale Comps Map

D E M O G R A P H I C S

D E M O G R A P H I C S / D E M O G R A P H I C S R E P O R T P A G E 2 1


1 MILE 3 MILES 5 MILES

Total population 14,212 129,167 346,119

Median age 35.7 33.8 33.6

Median age (male) 32.9 32.1 31.9

Median age (female) 38.4 35.3 35.1

Total households 6,838 56,928 137,324

Total persons per HH 2.1 2.3 2.5

Average HH income $46,589 $46,428 $51,867

Average house value $114,571 $133,301 $124,060

* Demographic data derived from 2010 US Census


DEMOGRAPHICS | Demographics Report

D E M O G R A P H I C S / D E M O G R A P H I C S M A P P A G E 2 2


POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,212 129,167 346,119

Median age 35.7 33.8 33.6

Median age (male) 32.9 32.1 31.9

Median age (Female) 38.4 35.3 35.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 6,838 56,928 137,324

# of persons per HH 2.1 2.3 2.5

Average HH income $46,589 $46,428 $51,867

Average house value $114,571 $133,301 $124,060

* Demographic data derived from 2010 US Census


DEMOGRAPHICS | Demographics Map

4902 ALI AVE. SAN ANTONIO, TX 78229...4902 Ali Ave. San Antonio, TX 78229 $485,000 5,212 SF $93.05...

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Transcript of 4902 ALI AVE. SAN ANTONIO, TX 78229...4902 Ali Ave. San Antonio, TX 78229 $485,000 5,212 SF $93.05...