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MULTIFAMILY PORTFOLIO FOR SALE
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
PERRY GUEST COMPANY
2517 Thomas Avenue, Dallas, TX 75201
214.528.9250 | perryguestco.com
CONFIDENTIAL OFFERING MEMORANDUM | 2
OFFERING SUMMARY
Sale Price: $17,750,000
Number Of Units: 115
NOI: $862,939
Lot Size: 2.28 Acres
Building Size: 66,379
Zoning: MF2
Price / SF: $267.40
Price / Door: $154,347.83
Perry Guest Co is pleased to exclusively offer a very rare opportunity to purchase a fully stabilized7-building multi-family portfolio, The Uptown East Portfolio. The portfolio consists of 7 buildings, siting onover 2 acres of land, and with 66,379 of net rentable square footage. All buildings, except 1, have beengutted down to the studs and replaced with all brand-new systems including new plumbing, new copperwiring, new HVAC systems, new roofs, etc. Interior renovations include hip and modern touches thatspotlight the architecture of the era; mid-century modern. These include museum finished walls, light greywide plank wood flooring, new white cabinetry, arctic white quartz in the kitchen with undermount sink,new vanities, tile, and tubs in the bathrooms, and washer/dryer in the unit. Most of the properties feature amiddle courtyard with outdoor furniture and BBQ grill. The properties line the street of San Jacinto makingmanagement very convenient and cost effective. This pocket of East Dallas has and is currently seeingtremendous development and redevelopment. There is the ability to push rents now and again in thefuture as the neighborhood matures. The properties are in close proximity to Knox Henderson, Uptown,Downtown, Lower Greenville, and Deep Ellum.
PROPERTY OVERVIEW
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
EXECUTIVE SUMMARY
WHY INVEST IN TEXAS??SECTION 1
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
CONFIDENTIAL OFFERING MEMORANDUM WHY INVEST IN TEXAS?? | 4
REAL ESTATE
Investing in Texas real estate has pretty much been a no-brainer. Since2010, the population grew by 3.5 million, a million more than either Floridaor California. That translates into one and a half million new homes. Almost2 million of those people came from elsewhere, attracted by jobs and byreasonable home prices. Those attractions are still there – look at the rateof job growth in the three big markets this past year, close to 4%. That’stwice the national average.
And even though home prices rose steadily in recent years, they’re stillbelow $300,000 almost everywhere. Compare that with the averagehome price in Seattle – over $500,000 – or San Francisco – more than $1million.
So, the economic prospects of all Texas markets – and therefore how bestto invest in each one – aren’t the same. The way I see it, the 15 markets weshow in the table from Local Market Monitor Inc. can be divided into threecategories.
From an investor’s point of view, Houston, Dallas and Austin are much thesame. They have high economic growth and demand for housing remainsgood – home prices were up around 7% in the past year. Also, the Dallaseconomy continues to grow.
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
WHY INVEST IN TEXAS??
CONFIDENTIAL OFFERING MEMORANDUM WHY INVEST IN TEXAS?? | 5
DALLAS ECONOMY
The U.S. economy has realized sustained growth for over a decade, making the current expansion the longest in history. Dallas-Fort Worth is consistently addingover 100,000 new jobs each year, with annualized growth near 3%. The region led the nation in employment growth in 2019, adding over 81,800 jobs. Of those,31,000 are considered office jobs. While energy is often thought of as the region’s calling card, Dallas-Fort Worth boasts a diversified economy with global reachand closely resembles that of the United States. Abundant job opportunities have spurred significant population growth, adding 130,100 new residents in 2019. TheDallas-Fort Worth area gained more residents than any other metropolitan area in the country and was behind more than one-third of Texas’ population growthduring that period. Employment growth should remain stronger than the national benchmark over the next five years. Meanwhile, household incomes continue torise for North Texans.Due to the region’s low cost of doing business and highly skilled labor force, companies across various sectors have relocated or expanded operations, whichshould keep employment growth in the metroplex moving right along. Uber has announced that it will open an office of at least 3,000 employees in Deep Ellum,and it plans to turn Dallas into its largest hub outside of its San Francisco headquarters. In late 2019, Charles Schwab announced that it is acquiring TD Ameritradein a $26 billion transaction and moving its headquarters to Tarrant County from San Francisco. Charles Schwab recently completed the first phase of a new regionaloffice, and TD Ameritrade completed a large project nearby as well. In late 2018, McKesson Corp, the nation’s largest pharmaceutical distributor, announced that itwas relocating its headquarters to Irving in mid-2019. USAA added 150,000-SF office building adjacent to its existing Plano location to make room for an additional800 employees, bringing its North Texas headcount to 2,000.
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
ECONOMICS
THE LOCATIONSECTION 2
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
CONFIDENTIAL OFFERING MEMORANDUM THE LOCATION | 7
ADDRESS UNITS
4919 San Jacinto 28
4916 San Jacinto 4
4927 San Jacinto 27
5005 San Jacinto 16
5010-5014 San Jacinto 18
1515 Bennett 12
1519 Bennett 10
UPTOWN EAST DALLAS PORTFOLIO1515 BENNETT, DALLAS, TX 75204
LOCATION MAPS
CONFIDENTIAL OFFERING MEMORANDUM THE LOCATION | 8
UPTOWN EAST DALLAS PORTFOLIO1515 BENNETT, DALLAS, TX 75204
AERIAL MAP
THE NUMBERSSECTION 3
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
INCOME SUMMARY PER DOOR
Rental Income $1,575,660 $13,701
5% Vacancy -$78,783 -$685
Electricity Income $6,000 $52
Laundry Income $3,000 $26
Other Income $1,500 $13
Gross Income $1,507,377 $13,107
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $93,726 $815
Utilities $80,481 $699
Administrative $103,615 $901
Legal, Finance, and Administrative $65,149 $566
Taxes $301,464 $2,621
Gross Expenses $644,437 $5,603
Net Operating Income $862,939 $7,503
CONFIDENTIAL OFFERING MEMORANDUM FINANCIAL ANALYSIS | 10
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
COMBINED PROFORMA INCOME & EXPENSES
UNIT TYPE COUNT % TOTAL SIZE (SF) MARKET RENT MARKET RENT/SF
EFF 1 0.9 400 $995 $2.49
1-1 100 87.0 550 $1,100 $2.00
2-2 14 12.2 825 $1,451 $1.76
Totals/Averages 115 100% 66,950 $131,309 $1.96
CONFIDENTIAL OFFERING MEMORANDUM FINANCIAL ANALYSIS | 11
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
COMBINED PROFORMA UNIT MIX SUMMARY
THE PROPERTIESSECTION 4
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 28
Building Size: 12,624 SF
Land Size: 20,000 SF
Year Built: 1960
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,684 12,642 26,289
Total Population 8,985 30,317 58,794
Average HH Income $44,449 $53,564 $67,355
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Composition
Foundation: Pier and Biem
Electric Metering: Separate
Water Metering: Master
Gas Metering: Master
Parking: 28 Spots
PROPERTY DESCRIPTION
4919 San Jacinto is a 28 unit complex located in the Uptown East district inDallas. The property has received a first class renovation with everythingbrand new but the brick. All units are 1 bedroom / 1 bath with washerdryers in the unit. The units open up to a middle courtyard with outdoorfurniture and a BBQ grill, which tenants love. The newly remodeled MicroFlats are located just minutes from Downtown, Deep Ellum and The ArtsDistrict. These trendsetting designs offer a hyper stylish opportunity tolower your eco footprint. Each smart layout offers an open floor plan withopen kitchens to with a full suite of SS appliances, grey washed laminateflooring, and beautiful designer bathrooms.
4919 SAN JACINTODALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $326,160 $11,648
5% Vacancy -$16,308 -$582
Convenience Fee $360 $12
Gross Income $310,212 $11,079
EXPENSE SUMMARY PER DOOR
Repairs and Maintenace $20,616 $736
Utilities $16,026 $572
Administrative $17,696 $632
Legal, Finance, and Insurance $15,600 $557
Taxes $75,000 $2,678
Gross Expenses $144,939 $5,176
Net Operating Income $165,272 $5,902
CONFIDENTIAL OFFERING MEMORANDUM | 2
4919 SAN JACINTODALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
MARKET
RENT
MARKET
RENT/SF
101 1 1 450 $895 $1,050 $2.33
102 1 1 450 $995 $1,050 $2.33
103 1 1 450 $1,050 $1,050 $2.33
104 1 1 450 $995 $1,050 $2.33
105 1 1 450 $995 $1,050 $2.33
106 1 1 450 $895 $1,050 $2.33
107 1 1 450 $895 $1,050 $2.33
108 1 1 450 $895 $1,050 $2.33
109 1 1 450 $895 $1,050 $2.33
110 1 1 450 $995 $1,050 $2.33
111 1 1 450 $995 $1,050 $2.33
112 1 1 450 $995 $1,050 $2.33
114 1 1 450 $895 $1,050 $2.33
115 1 1 450 $995 $1,050 $2.33
201 1 1 450 $995 $1,050 $2.33
202 1 1 450 $995 $1,050 $2.33
203 1 1 450 $1,050 $1,050 $2.33
204 1 1 450 $1,050 $1,050 $2.33
205 1 1 450 $995 $1,050 $2.33
CONFIDENTIAL OFFERING MEMORANDUM | 3
4919 SAN JACINTODALLAS, TX 75204
RENT ROLL
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
MARKET
RENT
MARKET
RENT/SF
206 1 1 450 $995 $1,050 $2.33
207 1 1 450 $895 $1,050 $2.33
208 1 1 450 $895 $1,050 $2.33
209 1 1 450 $995 $1,050 $2.33
210 1 1 450 $1,050 $1,050 $2.33
211 1 1 450 $995 $1,050 $2.33
212 1 1 450 $995 $1,050 $2.33
214 1 1 450 $995 $1,050 $2.33
215 1 1 450 $895 $1,050 $2.33
Totals/Averages 12,600 $27,180 $29,400 $2.33
CONFIDENTIAL OFFERING MEMORANDUM | 4
4919 SAN JACINTODALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 5
4919 SAN JACINTODALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 12
Building Size: 5,816 SF
Land Size: 10,500
Year Built: 1972
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,683 12,652 25,735
Total Population 8,822 30,173 58,162
Average HH Income $45,726 $54,015 $65,740
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Mansard
Foundation: Slab
Electric Metering: Separate
Gas Metering: Master
Water Metering: Master
Parking Spots: 10
PROPERTY DESCRIPTION
1515 Bennett features 12 fully gutted micro Flats located just minutes fromDowntown, Deep Ellum and The Arts District. All units are 1 bedrooms andthese trendsetting designs offer a hyper stylish opportunity to lower youreco footprint. At 515 Sq. Ft., each smart layout offers an open floor planwith barn doors to create 2 separate areas, Complete kitchen with a fullsuite of SS appliances, Hardwoods, beautiful designer bathrooms and awasher dryer is included with each space.
1515 BENNETTDALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $157,680 $13,140
5% Vacancy -$7,884 -$657
Convenience $300 $25
Gross Income $150,096 $12,508
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $8,471 $705
Utilities $6,024 $502
Administrative $11,533 $961
Legal, Finance, and Insurance $7,200 $600
Taxes $11,752 $979
Gross Expenses $44,982 $3,748
Net Operating Income $105,113 $8,759
CONFIDENTIAL OFFERING MEMORANDUM | 2
1515 BENNETTDALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
101 1 1 475 $995 $2.09 $1,095 $2.31
102 1 1 475 $995 $2.09 $1,095 $2.31
103 1 1 475 $995 $2.09 $1,095 $2.31
104 1 1 475 $995 $2.09 $1,095 $2.31
105 1 1 475 $995 $2.09 $1,095 $2.31
106 1 1 500 $995 $1.99 $1,095 $2.19
201 1 1 475 $975 $2.05 $1,095 $2.31
202 1 1 475 $995 $2.09 $1,095 $2.31
203 1 1 475 $995 $2.09 $1,095 $2.31
204 1 1 475 $995 $2.09 $1,095 $2.31
205 1 1 475 $995 $2.09 $1,095 $2.31
206 1 1 500 $995 $1.99 $1,095 $2.19
Totals/Averages 5,750 $11,920 $2.07 $13,140 $2.29
CONFIDENTIAL OFFERING MEMORANDUM | 3
1515 BENNETTDALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 4
1515 BENNETTDALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 10
Building Size: 7,184 SF
Land Size: 8250
Year Built: 1930
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,658 12,670 25,844
Total Population 8,803 30,227 58,315
Average HH Income $46,069 $54,193 $66,291
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Ceramic Tile
Foundation: Pier and Beam
Electric Metering: Separate
Gas Metering: Master
Water Metering: Master
Parking Spots: 14
PROPERTY DESCRIPTION
1519 Bennett is a 10-unit Spanish tile roof landmark Building located in thevibrant Uptown East corridor. Built in 1930, there are 1 and 2 bedroom floorplans. This classic structure has been reinvented for 21st century modernliving. Updates include ¾ inch solid Oak Hardwoods, new electrical andplumbing, large kitchen with quartz counter tops and SS appliances, newdouble pane wood-set windows, Huge walk-in closet, washer dryer,designer bath, 12' ceilings in the living area, high efficiency AC and gatedoff-street parking. Enjoy the best Night Life and Dining that Dallas has tooffer in Deep Ellum, The Henderson Corridor, Downtown and LowerGreenville. Quick access to Downtown I75 and I30
1519 BENNETTDALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $150,720 $15,072
5% Vacancy -$7,536 -$753
Additional Income $150 $15
Gross Income $143,334 $14,333
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $8,471 $847
Utilities $8,580 $858
Administrative $10,385 $1,038
Legal, Finance, and Insurance $6,300 $630
Taxes $25,000 $2,500
Gross Expenses $58,736 $5,873
Net Operating Income $84,597 $8,459
CONFIDENTIAL OFFERING MEMORANDUM | 2
1519 BENNETTDALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
4926A 1 1 700 $1,150 $1.64 $1,395 $1.99
4926B 2 2 850 $1,350 $1.59 $1,595 $1.88
4926C 1 1 700 $1,195 $1.71 $1,595 $2.28
4926D 2 2 850 $1,395 $1.64 $1,695 $1.99
4928A 1 1 700 $1,095 $1.56 $1,250 $1.79
4928B 1 1 700 $1,095 $1.56 $1,395 $1.99
4928C 2 2 850 $1,300 $1.53 $1,695 $1.99
4928D 1 1 700 $1,050 $1.50 $1,595 $2.28
1519 1 1 650 $1,100 $1.69 $1,295 $1.99
1519 1/2 1 1 650 $1,095 $1.68 $1,295 $1.99
Totals/Averages 7,350 $11,825 $1.61 $14,805 $2.02
CONFIDENTIAL OFFERING MEMORANDUM | 3
1519 BENNETTDALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 4
1519 BENNETTDALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 4
Building Size: 4,200 SF
Land Size: $25,544.70
Year Built:: 5.0%
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,700 12,633 25,897
Total Population 8,901 30,189 58,335
Average HH Income $44,984 $53,749 $66,160
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Composition
Foundation: Pier and Beam
Electric Metering: Separate
Gas Metering: Separate
Water Metering Separate
Parking Spots: 8
PROPERTY DESCRIPTION
4916 San Jacinto is a completely re-imagined four-unit cottage nowavailable in the gentrifying Uptown East district of Dallas. The property hasbeen completely gutted and replaced with all new systems. The units arehuge with 1000 square feet apiece and features everything brand new.Unit features unfinished hard wood floors running through out with brandnew kitchen including arctic white quartz counter tops, new stainlessappliances, and new light fixtures. Units also have stack able washer dryerin the unit. Property is in close proximity to Knox Henderson and LowerGreenville.
4916 SAN JACINTODALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $64,800 $16,200
5% Vacancy -$3,240 -$810
Convenience Fee $90 $22
Gross Income $61,650 $15,412
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $6,984 $1,746
Utilities $1,988 $497
Administrative $7,732 $1,933
Legal, Finance, and Insurance $2,400 $600
Taxes $17,000 $4,250
Gross Expenses $36,105 $9,026
Net Operating Income $25,544 $6,386
CONFIDENTIAL OFFERING MEMORANDUM | 2
4916 SAN JACINTODALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
4914 1 1 1,050 $1,250 $1.19 $1,350 $1.29
4914 1/2 1 1 1,050 $1,250 $1.19 $1,350 $1.29
4916 1 1 1,050 $1,250 $1.19 $1,350 $1.29
4916 1/2 1 1 1,050 $1,250 $1.19 $1,350 $1.29
Totals/Averages 4,200 $5,000 $1.19 $5,400 $1.29
CONFIDENTIAL OFFERING MEMORANDUM | 3
4916 SAN JACINTODALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 4
4916 SAN JACINTODALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 27
Building Size: 13,188 SF
Land Size: 20,000 SF
Year Built: 1965
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,645 12,675 26,256
Total Population 8,872 30,333 58,856
Average HH Income $45,519 $54,075 $67,252
BUILDING DETAILS
Wiring: Aluminum
Plumbing: Cast Iron
HVAC: 2 Pipe Chiller
Roof: Mansard
Foundation: Pier and Beam
Electric Metering: Master
Gas Metering: Master
Water Metering: Master
Parking Spots: 28
PROPERTY DESCRIPTION
4927 San Jacinto is a 27 unit with a hip urban remodel in the rapidlyredeveloping Uptown East part of Dallas. Interiors feature wide plank greywash floors throughout, a new kitchen with white shaker cabinets andCarrera quartz countertops, a complete suite of stainless appliancesincluding microwave, deep under mount stainless sink, new bathroomwith designer tile floors and surround, new double pane windows, newceiling fans, hardware and fixtures, new high efficiency central air, gatedoff street parking, controlled access gates, communal laundry facility andfresh professional landscaping. Conveniently located within minutes ofKnox Henderson, Lower Greenville, Deep Ellum, and Downtown.
4927 SAN JACINTODALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $340,200 $12,600
5% Vacancy -$17,010 -$630
Convenience Fee $210 $7
Laundry Income $3,000 $111
Electricity Reimbursement $6,000 $222
Gross Income $332,400 $12,311
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $19,726 $730
Utilities $26,198 $970
Administrative $21,318 $789
Legal, Finance, and Insurance $15,000 $555
Taxes $75,000 $2,777
Gross Expenses $157,242 $5,823
Net Operating Income $175,157 $6,487
CONFIDENTIAL OFFERING MEMORANDUM | 2
4927 SAN JACINTODALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
101 1 1 600 $950 $1.58 $1,050 $1.75
102 1 1 525 $995 $1.90 $1,050 $2.00
103 1 1 525 $925 $1.76 $1,050 $2.00
104 1 1 525 $1,050 $2.00 $1,050 $2.00
105 1 1 525 $995 $1.90 $1,050 $2.00
106 1 1 525 $1,050 $2.00 $1,050 $2.00
107 1 1 600 $1,050 $1.75 $1,050 $1.75
109 1 1 525 $995 $1.90 $1,050 $2.00
110 1 1 525 $1,050 $2.00 $1,050 $2.00
111 1 1 525 $1,050 $2.00 $1,050 $2.00
112 1 1 525 $1,050 $2.00 $1,050 $2.00
113 1 1 525 $995 $1.90 $1,050 $2.00
114 1 1 600 $995 $1.66 $1,050 $1.75
201 1 1 600 $995 $1.66 $1,050 $1.75
202 1 1 525 $995 $1.90 $1,050 $2.00
203 1 1 525 $995 $1.90 $1,050 $2.00
204 1 1 525 $1,050 $2.00 $1,050 $2.00
205 1 1 525 $995 $1.90 $1,050 $2.00
206 1 1 525 $995 $1.90 $1,050 $2.00
CONFIDENTIAL OFFERING MEMORANDUM | 3
4927 SAN JACINTODALLAS, TX 75204
RENT ROLL
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
207 1 1 600 $1,050 $1.75 $1,050 $1.75
208 1 1 600 $995 $1.66 $1,050 $1.75
209 1 1 525 $1,050 $2.00 $1,050 $2.00
210 1 1 525 $995 $1.90 $1,050 $2.00
211 1 1 525 $995 $1.90 $1,050 $2.00
212 1 1 525 $995 $1.90 $1,050 $2.00
213 1 1 525 $995 $1.90 $1,050 $2.00
214 1 1 600 $1,015 $1.69 $1,050 $1.75
Totals/Averages 14,700 $27,265 $1.85 $28,350 $1.94
CONFIDENTIAL OFFERING MEMORANDUM | 4
4927 SAN JACINTODALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 5
4927 SAN JACINTODALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 16
Building Size: 10,207 SF
Land Size: 15,750 SF
Year Built: 1961
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,601 12,701 26,039
Total Population 8,738 30,297 58,509
Average HH Income $46,984 $54,670 $66,956
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Composition
Foundation: Pier and Beam
Electric Metering: Separate
Gas Metering: Master
Water Metering: Master
Parking Spots: 20 Spots
PROPERTY DESCRIPTION
5005 San Jacinto is a Masterfully updated Mid Century Modern 16 unitBuilding in the vibrant Uptown East district of Dallas. The property offersstudio, 1 and 2 bedroom floor plans with an open middle courtyard.Polished Stainless-steel accents define the exterior updates and interiorfinishes feature wide plank grey wash floors, quartz countertops, premiumstainless appliances, ice-maker, recessed lighting, modern ceiling fansand fixtures, designer baths and in-unit washer dryer. Located just minutesfrom the night-life of Henderson, Lower Greenville and Deep Ellum. You’llalso enjoy a short commute to Downtown and The Baylor Medical Centerand quick access to Central Expressway.
5005 SAN JACINTODALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $226,680 $14,167
5% Vacancy -$11,334 -$708
Convenience Fee $210 $13
Gross Income $215,556 $13,472
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $13,615 $850
Utilities $7,424 $464
Administrative $17,203 $1,075
Legal, Finance, and Insurance $8,449 $528
Taxes $47,712 $2,982
Gross Expenses $94,405 $5,900
Net Operating Income $121,150 $7,571
CONFIDENTIAL OFFERING MEMORANDUM | 2
5005 SAN JACINTODALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
101 1 1 625 $1,050 $1.68
102 1 1 625 $1,095 $1.75
103 1 1 625 $1,150 $1.84
104 0 1 400 $850 $2.13
105 1 1 625 $1,095 $1.75
106 1 1 625 $1,095 $1.75
107 1 1 625 $1,050 $1.68
108 1 1 625 $1,095 $1.75
201 1 1 625 $1,150 $1.84
202 1 1 625 $1,150 $1.84
203 2 2 775 $1,350 $1.74
204 2 2 775 $1,350 $1.74
205 1 1 625 $1,100 $1.76
206 1 1 625 $1,150 $1.84
207 1 1 625 $1,050 $1.68
208 1 1 625 $1,150 $1.84
Totals/Averages 10,075 $17,930 $1.78 $0
CONFIDENTIAL OFFERING MEMORANDUM | 3
5005 SAN JACINTODALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 4
5005 SAN JACINTODALLAS, TX 75204
ADDITIONAL PHOTOS
CONFIDENTIAL OFFERING MEMORANDUM | 1
OFFERING SUMMARY
Number of Units: 18
Building Size: 13,160 SF
Land Size: 19,000 SF
Year Built: 1959
DEMOGRAPHICS 0.5 MILES 1 MILE 1.5 MILES
Total Households 3,591 12,701 25,705
Total Population 8,604 30,209 58,334
Average HH Income $48,171 $55,103 $65,784
BUILDING DETAILS
Wiring: Copper
Plumbing: PVC
HVAC: Individual
Roof: Composition
Foundation: Pier and Beam
Electric Metering: Separate
Gas Metering: Master
Water Metering: Master
Parking Spots: 24
PROPERTY DESCRIPTION
5010 is an 18-unit complex that has undergone a masterful mid-centurymodern rehab. With a mixture of one- and two-bedrooms floor plans, theinterior finishes feature wide plank grey wash floors, new cabinetry, arcticwhite quartz countertops, premium stainless appliances, ice-maker,recessed lighting, modern ceiling fans and fixtures, designer baths andin-unit washer dryer. Located just minutes from the night-life ofHenderson, Lower Greenville and Deep Ellum. You’ll also enjoy a shortcommute to Downtown and The Baylor Medical Center and quick accessto Central Expressway.
5010-5014 SAN JACINTODALLAS, TX 75204
PROPERTY SUMMARY
INCOME SUMMARY PER DOOR
Rental Income $277,320 $15,406
5% Vacancy -$13,866 -$770
Convenience Fee $180 $10
Gross Income $263,634 $14,646
EXPENSE SUMMARY PER DOOR
Repairs and Maintenance $15,840 $880
Utilities $14,229 $790
Administrative $16,220 $901
Legal, Finance, and Insurance $10,200 $566
Taxes $50,000 $2,777
Gross Expenses $106,490 $5,916
Net Operating Income $157,143 $8,730
CONFIDENTIAL OFFERING MEMORANDUM | 2
5010-5014 SAN JACINTODALLAS, TX 75204
PROFORMA INCOME & EXPENSES
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
5010-101 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-102 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-103 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-104 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-105 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-201 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-202 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-203 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-204 1 1 575 $1,095 $1.90 $1,195 $2.08
5010-205 1 1 575 $1,095 $1.90 $1,195 $2.08
5014-101 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-102 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-103 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-104 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-201 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-202 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-203 2 2 900 $1,295 $1.44 $1,395 $1.55
5014-204 2 2 900 $1,295 $1.44 $1,395 $1.55
CONFIDENTIAL OFFERING MEMORANDUM | 3
5010-5014 SAN JACINTODALLAS, TX 75204
RENT ROLL
UNIT
NUMBER
UNIT
BED
UNIT
BATH
UNIT
SIZE (SF)
CURRENT
RENT
CURRENT
RENT (PER SF)
MARKET
RENT
MARKET
RENT/SF
Totals/Averages 12,950 $21,310 $1.65 $23,110 $1.84
CONFIDENTIAL OFFERING MEMORANDUM | 4
5010-5014 SAN JACINTODALLAS, TX 75204
RENT ROLL
CONFIDENTIAL OFFERING MEMORANDUM | 5
5010-5014 SAN JACINTODALLAS, TX 75204
ADDITIONAL PHOTOS
THE SALE COMPARABLESSECTION 5
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
CONFIDENTIAL OFFERING MEMORANDUM SALE COMPARABLES | 14
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP # OF UNITS
Uptown East Dallas Portfolio
1515 Bennett
Dallas, TX 75204
$17,750,000 66,379 SF $267.40 $154,348 4.86% 115
SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP # OF UNITS CLOSE
1809 BennettDallas, TX75206
$6,875,000 23,572 SF $291.66 $143,229 4.5% 48 08/02/2018
5520 GastonDallas, TX75214
$3,916,000 15,207 SF $257.51 $170,260 5.0% 23 05/13/2019
6304 ProspectDallas, TX75214
$3,840,000 14,878 SF $258.10 $192,000 4.85% 20 02/20/2019
PRICE BLDG SF PRICE/SF PRICE/UNIT CAP # OF UNITS CLOSE
Totals/Averages $4,877,000 17,886 SF $272.67 $160,797 4.78% 30.33
1
2
3
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
SALE COMPS SUMMARY
CONFIDENTIAL OFFERING MEMORANDUM SALE COMPARABLES | 15
1515 Bennett | Dallas, TX 75204SUBJECT PROPERTY
1 Dallas, TX75206
1809 BENNETT2 Dallas, TX
75214
5520 GASTON3 Dallas, TX
75214
6304 PROSPECT
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
SALE COMPS MAP
THE RENT COMPARABLESSECTION 6
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
CONFIDENTIAL OFFERING MEMORANDUM RENT COMPARABLES | 17
RENT COMPS UNIT TYPE RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %
1809 BennetDallas, TX75206
1-1 $2.11 425 SF 23,572 SF - -
4611 MungerDallas, TX75204
1-1 $1.82 570 SF 5,684 SF 16 100%
2106 BennettDallas, TX75204
1-1 $1.77 650 SF 13,485 SF - -
5609 RossDallas, TX75206
Studio $2.50 400 SF 4,483 SF 12 100%
4931 GastonDallas, TX75214
2-1 $1.73 750 SF 17,732 SF 24 100%
Totals/Averages $1.99 $1.99 559 SF 12,991 SF 17.33 100%
1
2
3
4
5
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
RENT COMPS SUMMARY
CONFIDENTIAL OFFERING MEMORANDUM RENT COMPARABLES | 18
1 Dallas, TX75206
1809 BENNET2 Dallas, TX
75204
4611 MUNGER3 Dallas, TX
75204
2106 BENNETT4 Dallas, TX
75206
5609 ROSS
5 Dallas, TX75214
4931 GASTON
1515 Bennett | Dallas, TX 75204SUBJECT PROPERTY
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
RENT COMPS MAP
CONFIDENTIAL OFFERING MEMORANDUM RENT COMPARABLES | 19
Uptown East Dallas Portfolio
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
REGIONAL MAP
THE DEMOGRAPHICSSECTION 7
MATTEO FAETH
469.554.0430matteo@perryguestco.com
Presented By
0.5 MILES 1 MILE 1.5 MILES
Total population 8,822 30,173 58,162
Median age 32.9 31.3 31.4
Median age (male) 33.7 32.1 31.9
Median age (female) 31.3 30.0 30.5
Total households 3,683 12,652 25,735
Total persons per HH 2.4 2.4 2.3
Average HH income $45,726 $54,015 $65,740
Average house value $215,387 $229,496 $251,041
* Demographic data derived from 2010 US Census
CONFIDENTIAL OFFERING MEMORANDUM DEMOGRAPHICS | 21
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
DEMOGRAPHICS REPORT
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 8,822 30,173 58,162
Median age 32.9 31.3 31.4
Median age (male) 33.7 32.1 31.9
Median age (Female) 31.3 30.0 30.5
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 3,683 12,652 25,735
# of persons per HH 2.4 2.4 2.3
Average HH income $45,726 $54,015 $65,740
Average house value $215,387 $229,496 $251,041
* Demographic data derived from 2010 US Census
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
DEMOGRAPHICS MAP
CONFIDENTIAL OFFERING MEMORANDUM DEMOGRAPHICS | 22
CONFIDENTIAL OFFERING MEMORANDUM DEMOGRAPHICS | 23
CONFIDENTIALITY & DISCLAIMER
All materials and information received or derived from Perry Guest Company its directors, officers,agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.
Neither Perry Guest Company its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. Perry GuestCompany will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Perry Guest Company makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Perry Guest Company does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine 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 questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Perry Guest Company incompliance with all applicable fair housing and equal opportunity laws.
UPTOWN EAST DALLAS PORTFOLIODALLAS, TX 75204
DISCLAIMER
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