PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL€¦ · PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL | 26 UNITS | HUNTSVILLE, AL SECTION 4 | DEMOGRAPHICS Demographics

Senior [email protected]

Andrew Agee

Associate [email protected] #000100450

Desiree Palmer

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

100% occupied with a waiting list

Built between 2002 and 2015

Below market rents

Newly renovated and well-maintained single family rent

All houses are in the same neighborhood in the fast growing Huntsville Metropolitan Area

PRESENTED BPRESENTED BYY::

FOR SALE | RESIDENTIAL INCOME

All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL

Huntsville, AL 35811 | Huntsville, AL

PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL | 26 UNITS | HUNTSVILLE, AL

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

DISCLAIMER

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.


TABLE OF CONTENTS

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1. PROPERTY INFORMATION 4

2. LOCATION INFORMATION 6

3. FINANCIAL ANALYSIS 11

4. DEMOGRAPHICS 16

5. ADDITIONAL INFORMATION 19


PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, ALFOR SALE | RESIDENTIAL INCOME


1 PROPERTY INFORMATION

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 5

PROPERPROPERTTY OY OVERVERVIEWVIEW

This is a portfolio of 26 single family patio homes all located in the Huntsville Metropolitan Area. Allproperties were built between 2002 and 2015 and were renovated within the past year and have scenicviews of the mountains. These properties remain 100% occupied and maintain a waiting list withoutadvertising. Flooring is stamped concrete, eliminating the need to replace the flooring on move-out.

Huntsville, AL is the fastest growing city of Alabama's 4 large cities and has recently been ranked #8 forcities with the biggest single family rent hikes in the U.S.

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• 100% occupied with waiting list

• Built between 2002 and 2015

• Below market rents

• Newly renovated and well-maintained

• Stamped concrete flooring, eliminating the need to replace flooring

• All houses located in the fast growing Huntsville Metropolitan Area


SECTION 1 | PROPERTY INFORMATION

Executive Summary

PROPERPROPERTTY SUMMARY SUMMARYY

SALE PRICE: $2,040,000

NUMBER OF UNITS: 26

CAP RATE: 7.01%

NOI: $142,953

BUILDING SIZE: 21,339 SF

ZONING: R

MARKET: Huntsville




2 LOCATION INFORMATION



SECTION 2 | LOCATION INFORMATION

Location Maps













3 FINANCIAL ANALYSIS


SECTION 3 | FINANCIAL ANALYSIS

Financial Summary


INVESINVESTMENT OTMENT OVERVERVIEWVIEW 2016 STATED PRO FORMA

Price $2,040,000 $2,040,000Price per Unit $78,461 $78,461GRM 9.9 9.3CAP Rate 7.0% 7.3%Cash-on-Cash Return (yr 1) 9.59 % 11.78 %Total Return (yr 1) $65,599 $72,444Debt Coverage Ratio 1.39 1.46

OPERAOPERATING DTING DAATTAA 2016 STATED PRO FORMA

Gross Scheduled Income $206,209 $220,000Other Income - -Total Scheduled Income $206,209 $220,000Vacancy Cost $0 $1,995Gross Income $206,209 $218,005Operating Expenses $63,256 $68,207Net Operating Income $142,953 $149,798Pre-Tax Cash Flow $40,293 $47,138

FINANCING DFINANCING DAATTAA 2016 STATED PRO FORMA

Down Payment $420,000 $400,000Loan Amount $1,640,000 $1,640,000Debt Service $102,660 $102,660Debt Service Monthly $8,555 $8,555Principal Reduction (yr 1) $25,306 $25,306

INCINCOME SUMMAROME SUMMARYY 2016 S2016 STTAATEDTED PER UNITPER UNIT PRO FPRO FORMAORMA PER UNITPER UNIT

Rental Income $204,058 $7,848.00 - -Late Fees $872 $33.00 - -Pet Fees $1,279 $49.00 - -Gross Rental Income - - $220,000 $8,461.00Vacancy - - -$11,355 -$437.00Utility Bill Back - - $9,360 $360.00

GROSS INCOME $206,209 $7,931.00 $218,005 $218,005

EXPENSE SUMMAREXPENSE SUMMARYY 2016 S2016 STTAATEDTED PER UNITPER UNIT PRO FPRO FORMAORMA PER UNITPER UNIT

Property Management $16,761 $644.00 $21,575 $829.00Taxes $8,500 $326.00 $8,500 $326.00Insurance $7,000 $269.00 $7,200 $276.00Utilities (water & dumpster fee) $4,007 $154.00 - -Lawn Care $4,200 $161.00 $4,200 $161.00Repairs - General $4,553 $175.00 - -Repairs - HVAC $3,950 $151.00 - -Repairs - Plumbing $5,860 $225.00 - -Lease up Fee $1,093 $42.00 - -Legal $1,332 $51.00 $1,332 $51.00Painting $6,000 $230.00 $6,000 $230.00Utilities (water and dumpster fee) - - $5,400 $207.00Repairs and Maintenance - - $14,000 $538.00

GROSS EXPENSES $63,256 $2,432.00 $68,207 $2,623.00

NET OPERATING INCOME $142,953 $5,498.00 $149,798 $5,761.00




Income & Expenses



Rent Roll


UNITUNITNUMBERNUMBER

UNITUNITBEDBED

UNITUNITBBAATHTH

UNITUNITSIZE (SIZE (SF)SF)

CURRENTCURRENTRENTRENT

CURRENTCURRENTRENT (RENT (PER SF)PER SF)

MARKETMARKETRENTRENT

1 2 1 1,370 $675 $0.49 $750

2 2 1 1,112 $750 $0.67 $775

3 2 1 700 $650 $0.93 $725

4 2 1 700 $695 $0.99 $725

5 2 1 700 $650 $0.93 $725

6 2 1 700 $650 $0.93 $725

7 2 1 700 $675 $0.96 $725

8 1 1 741 $625 $0.84 $725

9 2 1 752 $650 $0.86 $725

10 2 1 752 $725 $0.96 $725

11 2 1 865 $695 $0.80 $725

12 2 1 865 $695 $0.80 $725

13 2 1 865 $675 $0.78 $725

14 2 1 865 $695 $0.80 $725

15 2 1 865 $695 $0.80 $725

16 2 1 865 $695 $0.80 $725

17 2 1 865 $695 $0.80 $725

18 2 1 865 $695 $0.80 $725

19 2 1 774 $695 $0.90 $725

20 2 1 774 $695 $0.90 $725

21 2 1 774 $695 $0.90 $725

22 2 1 774 $650 $0.84 $725

23 2 1 774 $650 $0.84 $725



Rent Roll


UNITUNITNUMBERNUMBER

UNITUNITBEDBED

UNITUNITBBAATHTH

UNITUNITSIZE (SIZE (SF)SF)

CURRENTCURRENTRENTRENT

CURRENTCURRENTRENT (RENT (PER SF)PER SF)

MARKETMARKETRENTRENT

24 2 1 774 $675 $0.87 $725

25 2 1 774 $695 $0.90 $725

26 2 1 774 $675 $0.87 $725

21,33921,339 $17$17,,771515 $0$0.83.83 $18,$18,925925




4 DEMOGRAPHICS


SECTION 4 | DEMOGRAPHICS

Demographics Report


1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total households 328 9,395 53,106

Total persons per hh 2.7 2.6 2.5

Average hh income $78,693 $80,423 $75,036

Average house value $189,909 $185,749 $233,018

1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total population 885 24,366 135,306

Median age 38.1 39.7 39.1

Median age (male) 38.8 39.6 37.8

Median age (female) 37.4 39.8 40.1

* Demographic data derived from 2010 US Census


* Demographic data derived from 2010 US Census

1 M1 Mileile 5 M5 Milesiles 10 M10 Milesiles

Total Population 885 24,366 135,306

Population Density 282 310 431

Median Age 38.1 39.7 39.1

Median Age (Male) 38.8 39.6 37.8

Median Age (Female) 37.4 39.8 40.1

Total Households 328 9,395 53,106

# of Persons Per HH 2.7 2.6 2.5

Average HH Income $78,693 $80,423 $75,036

Average House Value $189,909 $185,749 $233,018


SECTION 4 | DEMOGRAPHICS

Demographics Map




5 ADDITIONAL INFORMATION



SECTION 5 | ADDITIONAL INFORMATION

Additional Photos



Advisor Bio & Contact 1


Desiree PalmerAssociate AdvisorSVN | AVAT Realty, LLC

Desiree is an advisor with Sperry Van Ness/AVAT Realty specializing in self-storage, multi-family and medicaloffice buildings.

Desiree holds an LL.M (Master of Laws) in Finance from the Institute for Law and Finance in Frankfurt,Germany and a J.D. from the University of Arizona's James E. Rogers College of Law. Desiree has been licensedto practice law in New York State since 2008.

Desiree previously worked in Moscow, Russia as a legal associate in the area of banking and finance, includingreal estate finance. For the past several years Desiree has been advising in the area of distressed propertysales.

Phone: 773.886.6010

Email: [email protected]

Memberships & Affiliations

New York Bar Association - Real Property LawSectionAlabama Self Storage Association - Board Member

AL #000100450

TN #336191

Fax: 866.358.4422

Cell: 773.886.6010

Address: 2225 Drake Avenue, Suite 2Huntsville, AL 35805



Advisor Bio & Contact 2


Andrew AgeeSenior AdvisorSVN | AVAT Realty, LLC

Andy has successfully brokered real estate investments for owner-users and investors involving propertiesvalued at over $200 MM. His specialty is the buying and selling of multifamily assets in the Southeastern U.S.He and his highly skilled team has completed transactions across four states, ranging from 8 units and$250,000, to portfolio transactions in excess of $20 million. We are extremely customer centric, and wesubscribe wholeheartedly to the SVN model of Win/Win relationships.

Member of:

Andy is also a member of the National Apartment Association, CCIM, Committee of 100 in Huntsville, isinvolved as a board member of a large local political committee in North Alabama, and serves on the board ofthe Margarita Society, a non profit organization that collects thousands of toys for various charitableorganizations at Christmas. He is also involved with the Development Council of the Huntsville HospitalFoundation.

Phone: 256.653.0065

Email: [email protected]

Memberships & Affiliations

Fax: 866.358.4422

Cell: 256.653.0065

Address: 2225 Drake Avenue, Suite 2Huntsville, AL 35805

All SVN Offices Independently Owned & Operated | 2014 All Right Reserved | www.svn.com

PRESENTED BPRESENTED BYY::

Senior [email protected]

ANDREW AGEE

Associate [email protected] #000100450

DESIREE PALMER

Documents

PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL€¦ · PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL | 26 UNITS | HUNTSVILLE, AL SECTION 4 | DEMOGRAPHICS Demographics