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2106 BENNETT DALLAS, TX 75206 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 - 2106 BENNETTBOUTIQUE 22 UNIT - KNOX HENDERSON

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PROPERTY DESCRIPTION PROPERTY DETAILS

Located in the Hot Henderson Corridor 2106 Bennett is like a new, elegant building which hip and modern tenants de-sire and expect. Comprised of 22 very spacious units, the property was taken down to the studs and rebuilt with ev-ery high-end, designer touch. Features include dark wood flooring, all new kitchens with; custom dark cabinetry, a full suite of Stainless Steel appliances, quartz counter tops. All new bathrooms with; custom tile work, and washer/dryer 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 developments and is walking distance to the vibrant and exciting Knox Henderson.

PRICE: $3,050,000NO. OF UNITS: 22BUILDING SIZE: ±13,485 sfPRICE/UNIT: $138,636.36PROPERTY TYPE: MultifamilyPROPERTY USE: InvestmentCAP RATE: 5.4%OCCUPANCY: 100%NO. STORIES: 2YEAR BUILT: 1977LOT SIZE: ±17,350 sf

FINANCIAL SUMMARYANALYSIS TYPE ActualsYEAR 2017SCHEDULED GROSS INCOME $276,600.00RUBS $6,600.00PROFORMA VACANCY (5%) ($13,830.00)OPERATING EXPENSES $104,653.05NET OPERATING INCOME $164,716.95

RENT ROLL TOTALSACTUAL RENT $23,050.00RUBS $550.00TOTALS $23,600.00PROFORMA RENT $23,225.00RUBS $550.00TOTALS $23,775.00

2106 BENNETT DALLAS, TX 75206 MULTIFAMILY INVESTMENT OFFERING

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STABILIZED PRO FORMA Total % of Gross Income Per DoorINCOMEBASE RENT & OTHER INCOMEBase Rent $276,600.00 - $12,572.72Rubs $6,600.00 $300.005% Vacancy Factor ($13,830.00) (5%) ($628.63)TOTAL GROSS INCOME $269,370.00 $12,244.09OPERATING EXPENSESADMINISTRATIVETotal Administrative ($19,251.70) (7%) ($875.07)REPAIR & MAINTENANCETotal Repair & Maintenance ($7,181.35) (3%) ($326.42)UTILITIESElectric ($1,020.00) (1%) ($46.36)Gas ($780.00) (1%) ($35.45)Dumpster ($1,020.00) (1%) ($46.36)Water and Sewer ($6,000.00) (2%) ($272.72)LEGAL, FINANCE & INS.Total Legal, Finance, & Ins. ($14,400.00) (5%) ($654.54)TAXESTotal Taxes ($55,000.00) (20%) ($2,500.00)TOTAL OPERATING EXPENSE ($104,653.05) (39%) ($4,756.95)NET OPERATING INCOME $164,716.95 (61%) $7,487.14


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UNIT UNIT TYPE SQ FEET CURRENT RENT MARKET RENT101 1 BED/1 BATH 689 $1,025.00 $1,050.00102 1 BED/1 BATH 651 $1,025.00 $1,025.00103 EFF 350 $900.00 $950.00104 1 BED/1 BATH 789 $1,200.00 $1,200.00105 1 BED/1 BATH 596 $1,150.00 $1,150.00106 1 BED/1 BATH 614 $975.00 $1,000.00107 1 BED/1 BATH 614 $975.00 $1,000.00108 1 BED/1 BATH 596 $1,000.00 $1,000.00109 1 BED/1 BATH 789 $1,400.00 $1,400.00110 EFF 336 $950.00 $950.00111 1 BED/1 BATH 651 $1,025.00 $1,025.00112 1 BED/1 BATH 689 $1,050.00 $1,050.00201 1 BED/1 BATH 689 $1,050.00 $1,050.00202 1 BED/1 BATH 651 $1,025.00 $1,025.00203 EFF 336 $950.00 $950.00204 1 BED/1 BATH 596 $1,000.00 $1,000.00205 1 BED/1 BATH 614 $1,000.00 $1,000.00206 1 BED/1 BATH 596 $1,000.00 $1,000.00207 1 BED/1 BATH 614 $975.00 $1,000.00208 EFF 336 $950.00 $950.00209 2 BED/2 BATH 882 $1,400.00 $1,400.00210 1 BED/1 BATH 689 $1,025.00 $1,050.00

TOTALS 13,367 $23,050.00 $23,225.00

RENT ROLL

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2106 BENNETT DALLAS, TX 75206 MULTIFAMILY INVESMENT OFFERING

KNOX HENDERSON

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FLOOR PLANS

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2106 BennettDallas, TX 75206

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2106 BennettDallas, TX 75204

for sale - 2106 bennett - loopnetimages3.loopnet.com/d2/-ks98gtzk8ykbnta9hsnyd8gmescepr5jcw… ·...

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