FOR SALE - THE LINKS ON GASTON

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1 FOR SALE - THE LINKS ON GASTON BOUTIQUE 24 UNIT - EAST DALLAS 4931 GASTON DALLAS, TX MULTI FAMILY OFFERING

2 PROPERTY DESCRIPTION Taken down to the studs and rebuilt with every high-end, designer touch. The Links on Gaston is a like new elegant building which hip and modern tenants desire and expect. Features include wide plank grey-washed flooring, all new kitchens with custom espresso cabinetry, a full suite of Samsung Stainless Steel appliances, granite waterfall edge bars with industrial lighting and Edison bulbs. All new bathrooms with; custom tile work, and washer/dryer and individual water heaters in each unit. Property was abated for asbestos and has all new electrical, plumbing, roof, and AC units. Owner installed separate meters for electricity and took out the gas in the building to keep expenses very low. The building is gated and has been professionally landscaped with an intimate shared courtyard. Property sits on more than half an acre with great corner exposure (Gaston and Collette). Close to Knox Henderson, Lower Greenville, Baylor, and Downtown/Uptown Dallas. PROPERTY DETAILS PRICE: $3,750,000 NO. OF UNITS: 24 BUILDING SIZE: ±17,732 sf PRICE/UNIT: $156, PROPERTY TYPE: Multifamily PROPERTY USE: Investment CAP RATE: 5.4% OCCUPANCY: 100% NO. STORIES: 2 YEAR BUILT: 1958 LOT SIZE: ±28,362 sf RENT ROLL TOTALS ACTUAL RENT $26, TOTALS $26, PROFORMA RENT $30, TOTALS $30, FINANCIAL SUMMARY ANALYSIS TYPE Stablized Proforma YEAR 2017 SCHEDULED GROSS INCOME $363, PROFORMA VACANCY (5%) ($18,168.00) OPERATING EXPENSES $136, NET OPERATING INCOME $208,859.49

3 STABILIZED PRO FORMA Total % of Gross Income Per Door INCOME BASE RENT & OTHER INCOME Base Rent $363, $ % Vacancy Factor ($18,168.00) (5%) ($757.00) TOTAL GROSS INCOME $345, $14, OPERATING EXPENSES ADMINISTRATIVE Total Administrative ($21,468.71) (6%) ($894.53) REPAIR & MAINTENANCE Total Repair & Maintenance ($8,535.88) (2%) ($356.66) UTILITIES Electric ($1,500.00) (1%) ($62.50) Time Warner Cable ($6,577.92) (1%) ($274.08) Dumpster ($2,724.96) (1%) ($113.54) Water and Sewer ($9,600.00) (3%) ($400.00) LEGAL, FINANCE & INS. Total Legal, Finance, & Ins. ($14,000.04) (4%) ($583.35) TAXES Total Taxes ($71,925.00) (20%) ($2,971.87) TOTAL OPERATING EXPENSE ($142,138.59) (41%) ($5,992.44) NET OPERATING INCOME $208, (59%) $8,702.47

4 RENT ROLL UNIT UNIT TYPE SQ FEET CURRENT RENT MARKET RENT BED/1 BATH 625 $ $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $ $1, BED/1 BATH 625 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 625 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 625 $ $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, BED/1 BATH 750 $1, $1, TOTALS 17,500 $26, $30,280.00

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6 4931 Gaston Dallas, TX 75214

7 4931 Gaston Dallas, TX 75214