FOR SALE - THE DELANO - LoopNet€¦ · Dallas, Texas 75201 2806 REAGAN DALLAS, TX 75219...

2806 REAGAN DALLAS, TX 75219 MULTI FAMILY OFFERING

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GRANT GUESTPrincipal/CEODirect [email protected]

MATTEO FAETHPartnerDirect [email protected]

2517 Thomas Avenue Dallas, Texas 75201 www.perryguestco.com

FOR SALE - THE DELANOBOUTIQUE 19 UNIT - OAK LAWN

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PROPERTY DESCRIPTION PROPERTY DETAILS

Located in red hot Oak Lawn, The Delano has been fully re-imagined with an extensive renovation transformation. Comprised of 18 units plus a single family home, the only thing not new are the studs and brick. This tasteful and artful restoration includes dark wood flooring, all new kitchens with; custom cabinetry, a full suite of Stainless Steel appliances, and white quartz counter tops. All new bathrooms with custom tile work, and washer/dryers in each unit. Property has all new electrical, plumbing, and AC units. Owner installed separate meters for electricity to keep expenses very low. The owner also charges a $25 surcharge for gas and water. The building is gated and has been professionally landscaped with an intimate shared courtyard. Property is surrounded by countless Class A de-velopments and is walking distance to shops, restaurants, and stores.

PRICE: $3,390,000NO. OF UNITS: 19BUILDING SIZE: ±13,722 sfPRICE/UNIT: $178,421.05PROPERTY TYPE: MultifamilyPROPERTY USE: InvestmentCAP RATE: 5.4%OCCUPANCY: 100%NO. STORIES: 2YEAR BUILT: 1963LOT SIZE: ±25,657 sf

FINANCIAL SUMMARYANALYSIS TYPE ACTUALSYEAR 2017SCHEDULED GROSS INCOME $310,200.00RUBS $5,700.00PROFORMA VACANCY (5%) ($15,510.00)OPERATING EXPENSES $115,790.45NET OPERATING INCOME $184,599.55

RENT ROLL TOTALSACTUAL RENT $25,850.00RUBS $475.00TOTALS $26,325.00PROFORMA RENT $27,050.00RUBS $475.00TOTALS $27,525.00

2806 REAGAN DALLAS, TX 75219 MULTIFAMILY INVESTMENT OFFERING

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STABILIZED PRO FORMA Total % of Gross Income Per DoorINCOMEBASE RENT & OTHER INCOMEBase Rent $310,200.00 - $16,326.31Rubs $5,700.005% Vacancy Factor ($15,510.00) (5%) ($816.31)TOTAL GROSS INCOME $300,390.00 $15,810.00OPERATING EXPENSESADMINISTRATIVETotal Administrative ($21,112.90) (7%) ($1,111.20)REPAIR & MAINTENANCETotal Repair & Maintenance ($7,181.35) (2%) ($377.96)UTILITIESElectric ($948.00) (1%) ($49.89)Gas ($708.00) (1%) ($37.26)Dumpster ($1,020.00) (1%) ($53.68)Water and Sewer ($5,400.00) (2%) ($284.21)LEGAL, FINANCE & INS.Total Legal, Finance, & Ins. ($14,400.00) (5%) ($757.89)TAXESTotal Taxes ($65,020.20) (22%) ($3,422.11)TOTAL OPERATING EXPENSE ($115,790.45) (39%) ($6,094.19)NET OPERATING INCOME $184,599.55 (61%) $9,715.76


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UNIT UNIT TYPE SQ FEET CURRENT RENT MARKET RENT101 1 BED/1 BATH 647 $1,125.00 $1,300.00102 1 BED/1 BATH 647 $1,175.00 $1,300.00103 1 BED/1 BATH 647 $1,125.00 $1,300.00104 1 BED/1 BATH 647 $1,250.00 $1,300.00105 1 BED/1 BATH 598 $1,075.00 $1225.00106 2 BED/1 BATH 854 $1,550.00 $1,550.00107 2 BED/1 BATH 854 $1,550.00 $1,550.00108 1 BED/1 BATH 598 $1,200.00 $1,225.00109 2 BED/1 BATH 854 $1,550.00 $1,550.00201 1 BED/1 BATH 647 $1,275.00 $1,300.00202 1 BED/1 BATH 647 $1,175.00 $1,300.00203 1 BED/1 BATH 647 $1,300.00 $1,300.00204 1 BED/1 BATH 647 $1,200.00 $1,250.00205 1 BED/1 BATH 598 $1,225.00 $1,225.00206 2 BED/1 BATH 854 $1,550.00 $1,550.00207 2 BED/1 BATH 854 $1,500.00 $1,550.00208 1 BED/1 BATH 598 $1,175.00 $1,225.00209 2 BED/1 BATH 854 $1,550.00 $1,550.00210 3 BED/2 BATH 1,030 $2,300.00 $2,500.00

TOTALS 13,722 $25,850.00 $27,050.00

RENT ROLL

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FLOOR PLAN

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2806 ReaganDallas, TX 75219

FOR SALE - THE DELANO - LoopNet€¦ · Dallas, Texas 75201 2806 REAGAN DALLAS, TX 75219...

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