10317 lake road , houston tx 77070...contact: ernesto grey ernesto@a-brokerage.com 25420 kuykendhal...

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Contact:

Ernesto Grey

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

Ernesto@a-brokerage.com25420 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

jason.sykora@allegiancebank.com

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

Ernesto@a-brokerage.com25420 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

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