multi-family for sale berkshire hathaway the … · berkshire hathaway homeservices premier...
TRANSCRIPT
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
SALE PRICE:
UNITS/PARKING:
BUILDING SIZE:
$1,218,000
10,000 SF
16 Units /22 Spaces
CAP RATE: 7.53% (Pro Forma)
CROSS STREETS: Longstreet & Daniel St
NOI: $91,761
LOT SIZE: 0.43 Acres
Income Producing Apartment Community Servicing Willis, TX
Quiet Residential Community Attracts Great Mix of Tenants
Each 625 SF unit has 1 bedroom / 1 bath with Spacious Porches & Fireplaces Upstairs
Many Long-Term Residents & Competitive Rental Rates Ensures a consistently High Occupancy Rate
Significant Upgrades to Flooring, Cabinets & Appliances. Very Well-Maintained Property
Concrete Parking Lot Recently Expanded Provides Plenty of Parking in Front & Back
Security Cameras on Premises
PROPERTY HIGHLIGHTS
Dawn RogersOffice Manager
Rick Stallings, MBA
RICK STALLINGS TEAM713.503.0808713.899.3186
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
BERKSHIRE HATHAWAY HOMESERVICES COMMERCIAL DIVISION30350 FM 2978, The Woodlands, TX 77354
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
The Longstreet Apartments are located in thequaint, quiet community of Willis, Texas justminutes from Interstate 45, the major corridorbetween Houston and Dallas. However this area isgrowing rapidly as it is just 20 minutes from TheWoodlands to the south and 20 minutes from SamHouston State University to the north. Also, LakeConroe, a popular lake among Houstonians, is just afew short miles away.
The tenants love calling this place home, as somehave lived here for 10 – 15 years! And there is agreat mix of tenants, too. A combination of tenantloyalty, location and very competitive rental rateshave enabled the owners to maintain a consistentlyhigh occupancy rate through the years. We had topractically convince them to sell this place!
The community is conveniently situated on a cornerallowing easy entrance/exit with plenty of parkingin the front and rear of the property.
Although the building was constructed in 1983, theowners have continuously updated the units. Most
PROPERTY OVERVIEW
of the them have been completely renovated in thelast 5 years, giving the apartments a fresh new feel.
The owners have maintained this property wellincluding a rebuilding of the North and West Walls,adding new energy-efficient windows, installingnew cabinets, and updating the flooring. Several ofthe units have newer appliances, brand new A/Csand water heaters. They also recently widened thedriveway, replaced porch decks, and installedsecurity cameras on the property. Their recordkeeping is meticulous.
The building consists of 16 apartments, each with625 SF of living space, 1 bedroom, 1 bath, withspacious porches & upstairs fireplaces. All havewasher and dryers. The units are currentlyadvertised for $720/month. Pet rent was alsorecently implemented, bringing in extra income forthe owners.
What this place lacks in amenities, it makes up forin community feel. And with the recent change inthe economy, the demand for apartments promisesto be strong. Don’t miss this opportunity to lock instable earnings on your investment..
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
ARIEL VIEW: The Longstreet Apartments are situated on 0.43 Acresat the corner of Longstreet Rd & Daniel Street. Parking is providedboth in front and to the rear of the property, providing two pointsof access. Parking lot is constructed of reinforced concrete.
Source: https://www.itemonline.com/news/local_news/
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
INVESTMENT OVERVIEW
OPERATING DATA (YEAR 1)
FINANCING DATA
PricePrice per UnitGRMNOI (%)CAP Rate (%)Pre-Tax IRR (%)
$1,218,000$76,125
8.8169.08
7.5317.87
Gross Scheduled IncomeVacancy CostGross IncomeOperating ExpensesNet Operating Income
$139,740$6,912
$132,828$41,067$91,761
Down PaymentLoan AmountAnnual Debt ServiceMonthly Debt ServicePrincipal Reduction (yr 1)Interest Rate (%)Terms (Yrs)
$313,635$913,500
$68,963$5,747
$16,8765.75
25
Pro Forma Investment& Financing Information
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Detailed Financial Information
Considerable Financial Analysis has been performed onthis property. Please sign the Non-Disclosure Agreementincluded with this brochure to obtain detailed rent rolls &CCIM Analysis.
If you are sincerely interested in investing in this stableincome producing property, please be prepared to provideProof of Funds, such as bank statements and/or a Pre-Approval Letter from your financial institution.
Our client is interested in serious buyers only and is willingto sign your Non-Disclosure Agreement to move forwardwith the purchase of this property.
We look forward to working with you!
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Pouya Tiraie
Rick Stallings Team
Rick Stallings, MBA
Dawn Rogers, Office Manager
5 Miles
10 Miles
20 Miles
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
([HFXWLYH�6XPPDU\����/RQJVWUHHW�5G��:LOOLV��7H[DV������� 3UHSDUHG�E\�(VUL5LQJV������������PLOH�UDGLL /DWLWXGH����������
/RQJLWXGH�����������
��PLOHV ���PLOHV ���PLOHV3RSXODWLRQ�����3RSXODWLRQ ������ ������ ������������3RSXODWLRQ ������ ������� ������������3RSXODWLRQ ������ ������� ������������3RSXODWLRQ ������ ������� �����������������$QQXDO�5DWH ����� ����� ���������������$QQXDO�5DWH ����� ����� ���������������$QQXDO�5DWH ����� ����� ����������0DOH�3RSXODWLRQ ����� ����� ����������)HPDOH�3RSXODWLRQ ����� ����� ����������0HGLDQ�$JH ���� ���� ����
,Q�WKH�LGHQWLILHG�DUHD��WKH�FXUUHQW�\HDU�SRSXODWLRQ�LV����������,Q�������WKH�&HQVXV�FRXQW�LQ�WKH�DUHD�ZDV�����������7KH�UDWH�RI�FKDQJH�VLQFH������ZDV�������DQQXDOO\��7KH�ILYH�\HDU�SURMHFWLRQ�IRU�WKH�SRSXODWLRQ�LQ�WKH�DUHD�LV���������UHSUHVHQWLQJ�D�FKDQJH�RI�������DQQXDOO\�IURP������WR�������&XUUHQWO\��WKH�SRSXODWLRQ�LV�������PDOH�DQG�������IHPDOH��
0HGLDQ�$JH
7KH�PHGLDQ�DJH�LQ�WKLV�DUHD�LV�������FRPSDUHG�WR�8�6��PHGLDQ�DJH�RI������5DFH�DQG�(WKQLFLW\�����:KLWH�$ORQH ����� ����� ����������%ODFN�$ORQH ���� ���� ���������$PHULFDQ�,QGLDQ�$ODVND�1DWLYH�$ORQH ���� ���� ���������$VLDQ�$ORQH ���� ���� ���������3DFLILF�,VODQGHU�$ORQH ���� ���� ���������2WKHU�5DFH ����� ����� ���������7ZR�RU�0RUH�5DFHV ���� ���� ���������+LVSDQLF�2ULJLQ��$Q\�5DFH� ����� ����� �����
3HUVRQV�RI�+LVSDQLF�RULJLQ�UHSUHVHQW�������RI�WKH�SRSXODWLRQ�LQ�WKH�LGHQWLILHG�DUHD�FRPSDUHG�WR�������RI�WKH�8�6��SRSXODWLRQ���3HUVRQV�RI�+LVSDQLF�2ULJLQ�PD\�EH�RI�DQ\�UDFH��7KH�'LYHUVLW\�,QGH[��ZKLFK�PHDVXUHV�WKH�SUREDELOLW\�WKDW�WZR�SHRSOH�IURP�WKH�VDPH�DUHD�ZLOO�EH�IURP�GLIIHUHQW�UDFH�HWKQLF�JURXSV��LV������LQ�WKH�LGHQWLILHG�DUHD��FRPSDUHG�WR������IRU�WKH�8�6��DV�D�ZKROH�
+RXVHKROGV�����:HDOWK�,QGH[ �� ��� ��������+RXVHKROGV ����� ������ �����������+RXVHKROGV ����� ������ ������������7RWDO�+RXVHKROGV ������ ������ ������������7RWDO�+RXVHKROGV ������ ������ �����������������$QQXDO�5DWH ����� ����� ���������������$QQXDO�5DWH ����� ����� ���������������$QQXDO�5DWH ����� ����� �����������$YHUDJH�+RXVHKROG�6L]H ���� ���� ����
7KH�KRXVHKROG�FRXQW�LQ�WKLV�DUHD�KDV�FKDQJHG�IURP���������LQ������WR���������LQ�WKH�FXUUHQW�\HDU��D�FKDQJH�RI�������DQQXDOO\���7KH�ILYH�\HDU�SURMHFWLRQ�RI�KRXVHKROGV�LV����������D�FKDQJH�RI�������DQQXDOO\�IURP�WKH�FXUUHQW�\HDU�WRWDO���$YHUDJH�KRXVHKROG�VL]H�LV�FXUUHQWO\�������FRPSDUHG�WR������LQ�WKH�\HDU�������7KH�QXPEHU�RI�IDPLOLHV�LQ�WKH�FXUUHQW�\HDU�LV���������LQ�WKH�VSHFLILHG�DUHD��
'DWD�1RWH��,QFRPH�LV�H[SUHVVHG�LQ�FXUUHQW�GROODUV���+RXVLQJ�$IIRUGDELOLW\�,QGH[�DQG�3HUFHQW�RI�,QFRPH�IRU�0RUWJDJH�FDOFXODWLRQV�DUH�RQO\�DYDLODEOH�IRU�DUHDV�ZLWK����RU�PRUH�RZQHU�RFFXSLHG�KRXVLQJ�XQLWV��6RXUFH��8�6��&HQVXV�%XUHDX��&HQVXV������6XPPDU\�)LOH����(VUL�IRUHFDVWV�IRU������DQG�������(VUL�FRQYHUWHG�&HQVXV������GDWD�LQWR������JHRJUDSK\�
$SULO���������
������(VUL 3DJH���RI��
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Executive Summary
([HFXWLYH�6XPPDU\����/RQJVWUHHW�5G��:LOOLV��7H[DV������� 3UHSDUHG�E\�(VUL5LQJV������������PLOH�UDGLL /DWLWXGH����������
/RQJLWXGH�����������
��PLOHV ���PLOHV ���PLOHV0RUWJDJH�,QFRPH�����3HUFHQW�RI�,QFRPH�IRU�0RUWJDJH ����� ����� �����
0HGLDQ�+RXVHKROG�,QFRPH�����0HGLDQ�+RXVHKROG�,QFRPH� ������� ������� ������������0HGLDQ�+RXVHKROG�,QFRPH� ������� ������� �����������������$QQXDO�5DWH� ����� ����� �����
$YHUDJH�+RXVHKROG�,QFRPH
�����$YHUDJH�+RXVHKROG�,QFRPH ������� ������� �������������$YHUDJH�+RXVHKROG�,QFRPH ������� �������� ������������������$QQXDO�5DWH� ����� ����� �����
3HU�&DSLWD�,QFRPH�����3HU�&DSLWD�,QFRPH ������� ������� ������������3HU�&DSLWD�,QFRPH ������� ������� �����������������$QQXDO�5DWH� ����� ����� �����
+RXVHKROGV�E\�,QFRPH&XUUHQW�PHGLDQ��KRXVHKROG�LQFRPH�LV���������LQ�WKH�DUHD��FRPSDUHG�WR���������IRU�DOO�8�6��KRXVHKROGV��0HGLDQ�KRXVHKROG�LQFRPH�LV�SURMHFWHG�WR�EH���������LQ�ILYH�\HDUV��FRPSDUHG�WR���������IRU�DOO�8�6��KRXVHKROGV
&XUUHQW�DYHUDJH�KRXVHKROG�LQFRPH�LV����������LQ�WKLV�DUHD��FRPSDUHG�WR���������IRU�DOO�8�6��KRXVHKROGV���$YHUDJH�KRXVHKROG�LQFRPH�LV�SURMHFWHG�WR�EH����������LQ�ILYH�\HDUV��FRPSDUHG�WR���������IRU�DOO�8�6��KRXVHKROGV
&XUUHQW�SHU�FDSLWD�LQFRPH�LV���������LQ�WKH�DUHD��FRPSDUHG�WR�WKH�8�6��SHU�FDSLWD�LQFRPH�RI�����������7KH�SHU�FDSLWD�LQFRPH�LV�SURMHFWHG�WR�EH���������LQ�ILYH�\HDUV��FRPSDUHG�WR���������IRU�DOO�8�6��KRXVHKROGV�����+RXVLQJ�����+RXVLQJ�$IIRUGDELOLW\�,QGH[ ��� ��� ��������7RWDO�+RXVLQJ�8QLWV ����� ������ �����������2ZQHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ �����������5HQWHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ����� �����������9DFDQW�+RXVLQJ�8QLWV ��� ����� �����
�����7RWDO�+RXVLQJ�8QLWV ������ ������ ������������2ZQHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ �����������5HQWHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ �����������9DFDQW�+RXVLQJ�8QLWV ����� ����� ������
�����7RWDO�+RXVLQJ�8QLWV ������ ������ ������������2ZQHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ ������������5HQWHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ �����������9DFDQW�+RXVLQJ�8QLWV ����� ����� ������
�����7RWDO�+RXVLQJ�8QLWV ������ ������ ������������2ZQHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ ������������5HQWHU�2FFXSLHG�+RXVLQJ�8QLWV ����� ������ �����������9DFDQW�+RXVLQJ�8QLWV ����� ����� ������
&XUUHQWO\��������RI�WKH���������KRXVLQJ�XQLWV�LQ�WKH�DUHD�DUH�RZQHU�RFFXSLHG���������UHQWHU�RFFXSLHG��DQG������DUH�YDFDQW���&XUUHQWO\��LQ�WKH�8�6���������RI�WKH�KRXVLQJ�XQLWV�LQ�WKH�DUHD�DUH�RZQHU�RFFXSLHG��������DUH�UHQWHU�RFFXSLHG��DQG�������DUH�YDFDQW���,Q�������WKHUH�ZHUH���������KRXVLQJ�XQLWV�LQ�WKH�DUHD���������RZQHU�RFFXSLHG��������UHQWHU�RFFXSLHG��DQG������YDFDQW���7KH�DQQXDO�UDWH�RI�FKDQJH�LQ�KRXVLQJ�XQLWV�VLQFH������LV���������0HGLDQ�KRPH�YDOXH�LQ�WKH�DUHD�LV�����������FRPSDUHG�WR�D�PHGLDQ�KRPH�YDOXH�RI����������IRU�WKH�8�6��,Q�ILYH�\HDUV��PHGLDQ�YDOXH�LV�SURMHFWHG�WR�FKDQJH�E\�������DQQXDOO\�WR������������
'DWD�1RWH��,QFRPH�LV�H[SUHVVHG�LQ�FXUUHQW�GROODUV���+RXVLQJ�$IIRUGDELOLW\�,QGH[�DQG�3HUFHQW�RI�,QFRPH�IRU�0RUWJDJH�FDOFXODWLRQV�DUH�RQO\�DYDLODEOH�IRU�DUHDV�ZLWK����RU�PRUH�RZQHU�RFFXSLHG�KRXVLQJ�XQLWV��6RXUFH��8�6��&HQVXV�%XUHDX��&HQVXV������6XPPDU\�)LOH����(VUL�IRUHFDVWV�IRU������DQG�������(VUL�FRQYHUWHG�&HQVXV������GDWD�LQWR������JHRJUDSK\�
$SULO���������
������(VUL 3DJH���RI��
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Executive Summary
*UDSKLF�3URILOH����/RQJVWUHHW�5G��:LOOLV��7H[DV������� 3UHSDUHG�E\�(VUL5LQJ����PLOH�UDGLXV /DWLWXGH����������
/RQJLWXGH�����������
�����3RSXODWLRQ�E\�5DFH�����3RSXODWLRQ�E\�5DFH
������
������
������
������
������
�����
�:KLWH %ODFN $P�,QG� $VQ�3DF 2WKHU 7ZR�
�����
�������� ����
���������
����������������������������������
�����3RSXODWLRQ�E\�$JH�����3RSXODWLRQ�E\�$JH
����
���������
�����
�����
����������
�����
�����3HUFHQW�+LVSDQLF�2ULJLQ�������
+RXVHKROGV+RXVHKROGV
��������������������������������������������
�&HQVXV����� ���� ����
�����
������������
�����.��������.��������.��������.��������.����.�
�����+RPH�9DOXH�����+RPH�9DOXH
����������
����� �����
����
����
����������$QQXDO�*URZWK�5DWH����������$QQXDO�*URZWK�5DWH
3HUFHQW
����
����
���
�����
3RSXODWLRQ +RXVHKROGV 0HGLDQ�+RXVHKROG�,QFRPH 2ZQHU�2FFXSLHG�+RXVLQJ�8QLWV
���� ��������
����
��������
+RXVHKROG�,QFRPH+RXVHKROG�,QFRPH
3HUFHQW
��
��
��
�
�����. ���.����. ���.����. ���.����. ���.����. ���.�����. ����.�����. ����.�����. ����.�
6RXUFH��8�6��&HQVXV�%XUHDX��&HQVXV������6XPPDU\�)LOH����(VUL�IRUHFDVWV�IRU������DQG������
$SULO���������
������(VUL 3DJH���RI��
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
5-Mile Radius
$&6�+RXVLQJ�6XPPDU\����/RQJVWUHHW�5G��:LOOLV��7H[DV������� 3UHSDUHG�E\�(VUL5LQJ����PLOH�UDGLXV /DWLWXGH����������
/RQJLWXGH�����������
���������$&6�(VWLPDWH 3HUFHQW 02(��� 5HOLDELOLW\
5(17(5�2&&83,('�+286,1*�81,76�%<�*5266�5(177RWDO� ����� ������ ���:LWK�FDVK�UHQW�� ����� ����� ���/HVV�WKDQ������ � ���� ������WR������ � ���� ������WR������ � ���� ������WR������ � ���� ������WR������ �� ���� �������WR������ � ���� �������WR������ � ���� �������WR������ �� ���� �������WR������ � ���� ������WR������ �� ���� �������WR������ �� ���� �������WR������ ��� ���� ��������WR������ �� ���� �������WR������ �� ���� �������WR������ �� ���� �������WR������ ��� ���� �������WR������ ��� ����� ����������WR�������� ��� ����� ����������WR�������� ��� ����� ����������WR�������� ��� ���� ��
�������WR�������� �� ���� ���������WR�������� � ���� ��������WR�������� � ���� ��������RU�PRUH� � ���� �
1R�FDVK�UHQW� ��� ���� ��
0HGLDQ�*URVV�5HQW� ������ 1�$$YHUDJH�*URVV�5HQW 1�$ 1�$
6RXUFH��8�6��&HQVXV�%XUHDX������������$PHULFDQ�&RPPXQLW\�6XUYH\ 5HOLDELOLW\� KLJK PHGLXP ORZ
$SULO���������
������(VUL 3DJH���RI���
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Gross Rent Summary
&ULPH�6XPPDU\����/RQJVWUHHW�5G��:LOOLV��7H[DV������� 3UHSDUHG�E\�(VUL5LQJV������������PLOH�UDGLL /DWLWXGH����������
/RQJLWXGH�����������
��PLOHV ���PLOHV ���PLOHV
3RSXODWLRQ�6XPPDU\�����7RWDO�3RSXODWLRQ ������ ������� ������������7RWDO�3RSXODWLRQ ������ ������� �����������������$QQXDO�5DWH ����� ����� �����
�����&ULPH�,QGH[HV��$*6�7RWDO�&ULPH�,QGH[ �� �� ��3HUVRQDO�&ULPH�,QGH[ �� �� ��0XUGHU�,QGH[ �� �� ��5DSH�,QGH[ �� ��� ��5REEHU\�,QGH[ �� �� ��$VVDXOW�,QGH[ �� �� ��3URSHUW\�&ULPH�,QGH[ �� �� ��%XUJODU\�,QGH[ ��� ��� ��/DUFHQ\�,QGH[ �� �� ��0RWRU�9HKLFOH�7KHIW�,QGH[ �� �� ��
'DWD�1RWH��7KH�&ULPH�,QGH[�LV�DQ�LQGLFDWLRQ�RI�WKH�UHODWLYH�ULVN�RI�D�FULPH�RFFXUULQJ�DQG�LV�PHDVXUHG�DJDLQVW�WKH�RYHUDOO�ULVN�DW�D�QDWLRQDO�OHYHO��9DOXHV�DERYH�����LQGLFDWH�WKH�DUHD�KDV�DQ�DERYH�DYHUDJH�ULVN�RI�RFFXUULQJ�FRPSDUHG�WR�WKH�86��9DOXHV�EHORZ�����LQGLFDWH�WKH�DUHD�KDV�D�EHORZ�DYHUDJH�ULVN�RI�RFFXUULQJ�FRPSDUHG�WR�WKH�86���7KH�&ULPH�,QGH[HV�SURYLGHV�DQ�DVVHVVPHQW�RI�WKH�UHODWLYH�ULVN�RI�VHYHQ�PDMRU�FULPH�W\SHV��PXUGHU��UDSH��UREEHU\��DVVDXOW��EXUJODU\��ODUFHQ\��DQG�PRWRU�YHKLFOH�WKHIW��,W�LV�PRGHOHG�XVLQJ�GDWD�IURP�WKH�)%,�8QLIRUP�&ULPH�5HSRUW�DQG�GHPRJUDSKLF�GDWD�IURP�WKH�8�6��&HQVXV�DQG�$SSOLHG�*HRJUDSKLF�6ROXWLRQV��$*6��6RXUFH��8�6��&HQVXV�%XUHDX��&HQVXV������6XPPDU\�)LOH�����(VUL�IRUHFDVWV�IRU������DQG�������$SSOLHG�*HRJUDSKLF�6ROXWLRQV��$*6�������%��
$SULO���������
������(VUL 3DJH���RI��
MULTI-FAMILY FOR SALE
THE LONGSTREET APARTMENTS214 Longstreet Rd, Willis, TX 77378
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and they may notrepresent current or future performance of the property. You and your tax and legal advisors should conductyour own investigation of the property and transaction.
BERKSHIREHATHAWAY
HomeServicesPremier Properties
COMMERCIAL DIVISION
RICK STALLINGS713.503.080830350 FM 2978, The Woodlands, TX 77354
Crime Summary
� ,QIRUPDWLRQ�$ERXW�%URNHUDJH�6HUYLFHV�7H[DV�ODZ�UHTXLUHV�DOO�UHDO�HVWDWH�OLFHQVH�KROGHUV�WR�JLYH�WKH�IROORZLQJ�LQIRUPDWLRQ�DERXW
EURNHUDJH�VHUYLFHV�WR�SURVSHFWLYH�EX\HUV��WHQDQWV��VHOOHUV�DQG�ODQGORUGV��
����������
7<3(6�2)�5($/�(67$7(�/,&(16(�+2/'(56�$�%52.(5�LV�UHVSRQVLEOH�IRU�DOO�EURNHUDJH�DFWLYLWLHV��LQFOXGLQJ�DFWV�SHUIRUPHG�E\�VDOHV�DJHQWV�VSRQVRUHG�E\�WKH�EURNHU��$�6$/(6�$*(17�PXVW�EH�VSRQVRUHG�E\�D�EURNHU�DQG�ZRUNV�ZLWK�FOLHQWV�RQ�EHKDOI�RI�WKH�EURNHU��
$�%52.(56�0,1,080�'87,(6�5(48,5('�%<�/$:��$�FOLHQW�LV�WKH�SHUVRQ�RU�SDUW\�WKDW�WKH�EURNHU�UHSUHVHQWV���3XW�WKH�LQWHUHVWV�RI�WKH�FOLHQW�DERYH�DOO�RWKHUV��LQFOXGLQJ�WKH�EURNHUV�RZQ�LQWHUHVWV�,QIRUP�WKH�FOLHQW�RI�DQ\�PDWHULDO�LQIRUPDWLRQ�DERXW�WKH�SURSHUW\�RU�WUDQVDFWLRQ�UHFHLYHG�E\�WKH�EURNHU�$QVZHU�WKH�FOLHQWV�TXHVWLRQV�DQG�SUHVHQW�DQ\�RIIHU�WR�RU�FRXQWHU�RIIHU�IURP�WKH�FOLHQW��DQG7UHDW�DOO�SDUWLHV�WR�D�UHDO�HVWDWH�WUDQVDFWLRQ�KRQHVWO\�DQG�IDLUO\��
$�/,&(16(�+2/'(5�&$1�5(35(6(17�$�3$57<�,1�$�5($/�(67$7(�75$16$&7,21��$6�$*(17�)25�2:1(5��6(//(5�/$1'/25'���7KH�EURNHU�EHFRPHV�WKH�SURSHUW\�RZQHUV�DJHQW�WKURXJK�DQ�DJUHHPHQW�ZLWK�WKHRZQHU��XVXDOO\�LQ�D�ZULWWHQ�OLVWLQJ�WR�VHOO�RU�SURSHUW\�PDQDJHPHQW�DJUHHPHQW��$Q�RZQHUV�DJHQW�PXVW�SHUIRUP�WKH�EURNHUV�PLQLPXPGXWLHV�DERYH�DQG�PXVW�LQIRUP�WKH�RZQHU�RI�DQ\�PDWHULDO�LQIRUPDWLRQ�DERXW�WKH�SURSHUW\�RU�WUDQVDFWLRQ�NQRZQ�E\�WKH�DJHQW�LQFOXGLQJ�LQIRUPDWLRQ�GLVFORVHG�WR�WKH�DJHQW�RU�VXEDJHQW�E\�WKH�EX\HU�RU�EX\HUV�DJHQW��
$6�$*(17�)25�%8<(5�7(1$17��7KH�EURNHU�EHFRPHV�WKH�EX\HU�WHQDQWV�DJHQW�E\�DJUHHLQJ�WR�UHSUHVHQW�WKH�EX\HU��XVXDOO\WKURXJK�D�ZULWWHQ�UHSUHVHQWDWLRQ�DJUHHPHQW��$�EX\HUV�DJHQW�PXVW�SHUIRUP�WKH�EURNHUV�PLQLPXP�GXWLHV�DERYH�DQG�PXVW�LQIRUP�WKHEX\HU�RI�DQ\�PDWHULDO�LQIRUPDWLRQ�DERXW�WKH�SURSHUW\�RU�WUDQVDFWLRQ�NQRZQ�E\�WKH�DJHQW��LQFOXGLQJ�LQIRUPDWLRQ�GLVFORVHG�WR�WKH�DJHQWE\�WKH�VHOOHU�RU�VHOOHUV�DJHQW��
$6�$*(17�)25�%27+���,17(50(',$5<��7R�DFW�DV�DQ�LQWHUPHGLDU\�EHWZHHQ�WKH�SDUWLHV�WKH�EURNHU�PXVW�ILUVW�REWDLQ�WKH�ZULWWHQDJUHHPHQW�RI�HDFK�SDUW\�WR�WKH�WUDQVDFWLRQ��7KH�ZULWWHQ�DJUHHPHQW�PXVW�VWDWH�ZKR�ZLOO�SD\�WKH�EURNHU�DQG��LQ�FRQVSLFXRXV�EROG�RUXQGHUOLQHG�SULQW��VHW�IRUWK�WKH�EURNHUV�REOLJDWLRQV�DV�DQ�LQWHUPHGLDU\��$�EURNHU�ZKR�DFWV�DV�DQ�LQWHUPHGLDU\�
0XVW�WUHDW�DOO�SDUWLHV�WR�WKH�WUDQVDFWLRQ�LPSDUWLDOO\�DQG�IDLUO\�0D\��ZLWK�WKH�SDUWLHV�ZULWWHQ�FRQVHQW��DSSRLQW�D�GLIIHUHQW�OLFHQVH�KROGHU�DVVRFLDWHG�ZLWK�WKH�EURNHU�WR�HDFK�SDUW\��RZQHU�DQGEX\HU��WR�FRPPXQLFDWH�ZLWK��SURYLGH�RSLQLRQV�DQG�DGYLFH�WR��DQG�FDUU\�RXW�WKH�LQVWUXFWLRQV�RI�HDFK�SDUW\�WR�WKH�WUDQVDFWLRQ�0XVW�QRW��XQOHVV�VSHFLILFDOO\�DXWKRUL]HG�LQ�ZULWLQJ�WR�GR�VR�E\�WKH�SDUW\��GLVFORVH�
WKDW�WKH�RZQHU�ZLOO�DFFHSW�D�SULFH�OHVV�WKDQ�WKH�ZULWWHQ�DVNLQJ�SULFH�WKDW�WKH�EX\HU�WHQDQW�ZLOO�SD\�D�SULFH�JUHDWHU�WKDQ�WKH�SULFH�VXEPLWWHG�LQ�D�ZULWWHQ�RIIHU��DQGDQ\�FRQILGHQWLDO�LQIRUPDWLRQ�RU�DQ\�RWKHU�LQIRUPDWLRQ�WKDW�D�SDUW\�VSHFLILFDOO\�LQVWUXFWV�WKH�EURNHU�LQ�ZULWLQJ�QRW�WRGLVFORVH��XQOHVV�UHTXLUHG�WR�GR�VR�E\�ODZ��
$6�68%$*(17��$�OLFHQVH�KROGHU�DFWV�DV�D�VXEDJHQW�ZKHQ�DLGLQJ�D�EX\HU�LQ�D�WUDQVDFWLRQ�ZLWKRXW�DQ�DJUHHPHQW�WR�UHSUHVHQW�WKHEX\HU��$�VXEDJHQW�FDQ�DVVLVW�WKH�EX\HU�EXW�GRHV�QRW�UHSUHVHQW�WKH�EX\HU�DQG�PXVW�SODFH�WKH�LQWHUHVWV�RI�WKH�RZQHU�ILUVW��
72�$92,'�',6387(6��$//�$*5((0(176�%(7:((1�<28�$1'�$�%52.(5�6+28/'�%(�,1�:5,7,1*�$1'�&/($5/<(67$%/,6+��
7KH�EURNHUV�GXWLHV�DQG�UHVSRQVLELOLWLHV�WR�\RX��DQG�\RXU�REOLJDWLRQV�XQGHU�WKH�UHSUHVHQWDWLRQ�DJUHHPHQW�:KR�ZLOO�SD\�WKH�EURNHU�IRU�VHUYLFHV�SURYLGHG�WR�\RX��ZKHQ�SD\PHQW�ZLOO�EH�PDGH�DQG�KRZ�WKH�SD\PHQW�ZLOO�EH�FDOFXODWHG�
/,&(16(�+2/'(5�&217$&7�,1)250$7,21��7KLV�QRWLFH�LV�EHLQJ�SURYLGHG�IRU�LQIRUPDWLRQ�SXUSRVHV��,W�GRHV�QRW�FUHDWH�DQREOLJDWLRQ�IRU�\RX�WR�XVH�WKH�EURNHUV�VHUYLFHV��3OHDVH�DFNQRZOHGJH�UHFHLSW�RI�WKLV�QRWLFH�EHORZ�DQG�UHWDLQ�D�FRS\�IRU�\RXU�UHFRUGV��
%HUNVKLUH�+DWKDZD\�+RPH6HUYLFHV�3UHPLHU3URSHUWLHV
�������� VWDF\#VWDF\PDWKHZV�FRP ��������������
/LFHQVHG�%URNHU�%URNHU�)LUP�1DPH�RU�3ULPDU\�$VVXPHG�%XVLQHVV�1DPH /LFHQVH�1R� (PDLO 3KRQH
6WDF\�0DWKHZV �������� VWDF\#VWDF\PDWKHZV�FRP ��������������
'HVLJQDWHG�%URNHU�RI�)LUP /LFHQVH�1R� (PDLO 3KRQH
6WDF\�0DWKHZV �������� VWDF\#VWDF\PDWKHZV�FRP ��������������
/LFHQVHG�6XSHUYLVRU�RI�6DOHV�$JHQW��$VVRFLDWH /LFHQVH�1R� (PDLO 3KRQH
5LFKDUG�6WDOOLQJV ������� ULFN#EKFUHKRXVWRQ�FRP ��������������
6DOHV�$JHQW�$VVRFLDWHV�1DPH /LFHQVH�1R� (PDLO 3KRQH
�� %X\HU�7HQDQW�6HOOHU�/DQGORUG�,QLWLDOV 'DWH
5HJXODWHG�E\�WKH�7H[DV�5HDO�(VWDWH�&RPPLVVLRQ� ,QIRUPDWLRQ�DYDLODEOH�DW�ZZZ�WUHF�WH[DV�JRY,$%6����
7$5������