multi-family investment opportunity · stratford square townhomes property address golden rod lane...
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Company, LLC
Multi-family Investment Opportunity
Offering MemorandumStratford Square Townhomes Madison, AL (Huntsville, AL MSA)
This potential investment opportunity is being shown to determine interest only. The information contained herein is preliminary. It has been obtained from sources believed to be reliable: however, Engel Realty Company, LLC its representatives and/or affiliates make no representation or warranty as to the accuracy of completeness of the information contained herein. It should not be relied upon as a promise of representation as to the future. Any potential investor is urged to determine its interest in the proposal based upon such investigation as it deems necessary. This information is not to be reproduced or used for any other purpose.
Company, LLC
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Stratford Square Townhomes
Property Address Golden Rod Lane & Park Square LaneMadison, AL 35758
Year Built 2008Number of Units 12Percentage Leased 100%Asking Price $3,800,000
Financial AnalysisT-12 April 2018
Gross Potential Rent $268,200Less Vacancy $18,418Loss to Lease $14,900Month-to-Month Rent $960Schedule Gross Rents $235,842Other Income $2,184Total Revenues $238,026
Payroll Expense $45R&M $143Turnover $3,305Utilities $2,663G&A $5,661Management Fee $14,013License & Fees $192RE Taxes $18,116Insurance $11,167Total Operating Expenses $56,910NOI $181,116 All information provided is for estimation and projection purposes only. It is up to
the purchaser to verify all financial and physical information is true and correct.* RE Taxes are an estimation. The purchaser should consult a tax professional.
Company, LLC
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Stratford Square
Property Highlights• Madison Schools• Single Family Construction• Private two car garages• Granite Counter Tops• Washer/Dryer Hookups• Hardwood & carpet flooring• Fireplaces• Large spacious layouts• Fenced-in Courtyards• Convenient location• Minutes from Downtown Huntsville, Redstone Ar-
senal, Research Park, & The University of Alabama Huntsville.
Unit Description # of Units Avg Rent Rate
Avg SF
3 Bedroom 9 $1,722 2,3234 Bedroom 3 $2,283 3,246
Company, LLC
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Stratford Square
Townhome Street Addresses102 Park Square Lane 106 Park Square Lane108 Park Square Lane 114 Park Square Lane116 Park Square Lane 109 Golden Rod Lane111 Golden Rod Lane 113 Golden Rod Lane115 Golden Rod Lane 117 Golden Rod Lane121 Golden Rod Lane 121 Golden Rod Lane123 Golden Rod Lane
Company, LLC
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Stratford Square
Company, LLC
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Stratford Square
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Company, LLC
For more information regarding thisinvestment opportunity, please contact the following.
Contact Information
Matt ButlerVice President of Multifamily Acquisitions(o) 205-939-8270Email: [email protected]
Engel Realty Company, LLC951 18th Street South, Suite 200Birmingham, AL 35205