POWDER SPRINGS APARTMENTS

Transcription

1 POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA Jeff Hammond, MPA Director of Retail Services SVN CREVISTON REALTY, INC CRABAPPLE ROAD, SUITE 201, ROSWELL, GA OFFERING MEMORANDUM

2 PROPERTY INFORMATION 3 Property Summary Property Description Complete Highlights Additional Photos Rent Roll LOCATION INFORMATION 9 Regional Map Location Maps Aerial Map FINANCIAL ANALYSIS 13 Financial Summary Income & Expenses DEMOGRAPHICS 16 Demographics Report Demographics Map ADVISOR BIOS 19 Advisor Bio & Contact 1 Back Page POWDER SPRINGS APARTMENTS 4481 CEMETARY ST., POWDER SPRINGS, GA OFFERING MEMORANDUM

3 1 PROPERTY INFORMATION 4481 Cemetary St. Powder Springs, GA POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 3

4 Property Summary OFFERING SUMMARY Sale Price: $313,000 Number Of Units: 6 Cap Rate: 9.65% NOI: $30,204 Lot Size: 1 Acres Year Built: 1965 Building Size: 3,456 SF Market: Atlanta PROPERTY OVERVIEW SVN Creviston Realty, Inc. is pleased to offer opportunity to qualified investors. Said property boast 4-1 bedroom/1 bath, 1-2 bedroom/1 bath, 1 studio. Units are all electric, 4 sided brick building, central heating and AC. Located in downtown Powder Springs between City Hall and Police Station, borders Silver Comet trail and within walking distance to restaurants and shopping. PROPERTY HIGHLIGHTS 6 Units 1 Bed 1 Bath, 2 Bed 1 Bath and a Studio Signage Stand Alone Low Rise Garden Submarket: Powder Springs Price / SF: $90.57 POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 4

5 Property Description PROPERTY OVERVIEW SVN Creviston Realty, Inc. is pleased to offer opportunity to qualified investors. Said property boast 4-1 bedroom/1 bath, 1-2 bedroom/1 bath, 1 studio. Units are all electric, 4 sided brick building, central heating and AC. Located in downtown Powder Springs between City Hall and Police Station, borders Silver Comet trail and within walking distance to restaurants and shopping. LOCATION OVERVIEW Located in down town Powder Springs POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 5

6 Complete Highlights SALE HIGHLIGHTS 6 Units 1 Bed 1 Bath, 2 Bed 1 Bath and a Studio Signage Stand Alone Low Rise Garden POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 6

7 Additional Photos POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 7

8 Rent Roll UNIT UNIT UNIT LEASE LEASE LEASE CURRENT MARKET MARKET SECURITY RECOVERY NUMBER BED BATH START END START RENT RENT RENT (PER SF) DEPOSIT TYPE COMMENTS 16A 1 1 5/1/12 6/1/19 Current $500 $550 $300 16B 1 1 6/16/16 6/30/19 Current $550 $550 $300 16C /01/13 02/1/19 Current $500 $550 $300 16D /10/ /18 Current $520 $550 $400 16E 2 1 2/20/18 2/28/19 Current $650 $650 $500 16F /16/17 08/31/18 Current $475 $550 $350 Totals/Averages $3,195 $3,400 $2,150 $2,150 $2,150 POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 8

9 2 LOCATION INFORMATION 4481 Cemetary St. Powder Springs, GA POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 9

10 Regional Map Powder Springs Apartments POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 10

11 Location Maps POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 11

12 Aerial Map Powder Springs Apartments POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 12

13 3 FINANCIAL ANALYSIS 4481 Cemetary St. Powder Springs, GA POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 13

14 Financial Summary INVESTMENT OVERVIEW ACUTAL 2018 RENT ROLL Price $313,000 Price per Unit $52,166 GRM - CAP Rate 9.7% Cash-on-Cash Return (yr 1) 9.65 % Total Return (yr 1) $30,204 Debt Coverage Ratio - OPERATING DATA ACUTAL 2018 RENT ROLL Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income $38,340 Operating Expenses $8,136 Net Operating Income $30,204 Pre-Tax Cash Flow $30,204 FINANCING DATA ACUTAL 2018 RENT ROLL Down Payment $313,000 Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 14

15 Income & Expenses INCOME SUMMARY ACUTAL 2018 RENT ROLL PER SF Rental Income $38,340 $11.09 Gross Income $38,340 $11.09 EXPENSE SUMMARY ACUTAL 2018 RENT ROLL PER SF Taxes $2,944 $0.85 Pest $292 $0.08 Landscaping $400 $0.12 Water $3,000 $0.87 Miscellanous $1,500 $0.43 Gross Expenses $8,136 $2.35 Net Operating Income $30,204 $8.74 POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 15

16 4 DEMOGRAPHICS 4481 Cemetary St. Powder Springs, GA POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 16

17 Demographics Report 1 MILE 3 MILES 5 MILES Total population 4,720 35,497 97,803 Median age Median age (male) Median age (female) Total households 1,694 12,453 34,269 Total persons per HH Average HH income $71,000 $72,654 $72,522 Average house value $202,320 $191,561 $202,286 * Demographic data derived from 2010 US Census POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 17

18 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 4,720 35,497 97,803 Median age Median age (male) Median age (Female) MILE 3 MILES 5 MILES 1,694 12,453 34,269 # of persons per HH Average HH income $71,000 $72,654 $72,522 $202,320 $191,561 $202,286 Total population HOUSEHOLDS & INCOME Total households Average house value * Demographic data derived from 2010 US Census POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 18

19 5 ADVISOR BIOS 4481 Cemetary St. Powder Springs, GA POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 19

20 Advisor Bio & Contact 1 JEFF HAMMOND, MPA Director Of Retail Services PROFESSIONAL BACKGROUND Jeff Hammond has over 20 years experience in the sale, investment, development and property management of commercial and residential real estate. He has a strong entrepreneurial drive and focuses on the bottom-line while being ever mindful of providing stellar service to clients. Jeff gained his early business experience with UPS, the global leader in logistics, packaging & specialized transportation. Here he made significant contributions as a change agent improving efficiencies, reducing costs & driving quality. Jeff s commercial real estate sales and marketing expertise lie in his ability to build strong client relationships, ensure quality service and negotiate the best terms possible to close transactions. Jeff s colleagues recognize his entrepreneurial spirit and refer to him as The Bulldog and Mr. Networker. These unique skill sets have enabled him to become a top performer in marketing commercial real estate and a leader in the sale of office, retail and industrial space. Jeff has represented large national accounts and focused on retail investments. Key accounts comprised of nationally recognized corporations including Dairy Queen, Popeyes, Tilted Kilt, Dunkin Donuts, Steak 'N Shake, Allstate, American Family Insurance, Tower Loans, 607 Investments and more. He has Increased sales revenue 100% as forecasted year-over-year (2013 compared to 2012) Crabapple Road, Suite 201 Roswell, GA T C jhammond@svn.com Also, Jeff serves as a real estate consultant for 607 Investments. 607 Investments takes retail financing and construction of a QSR's land and building ONE GIANT step beyond the norm. They provide an ALL N ONE solution that takes the banks, personal monies, and cost over runs, out of a franchisees' vocabulary. Check out Jeff is an active member of numerous real estate associations, is a CCIM Candidate, and was elected as the 2013 President of the St. Charles Real Estate Association in St. Charles, MO. EDUCATION University of North Carolina Charlotte Bachelor s in Political Science Master of Public Administration Mike Lipsey School of Real Estate Dale Carnegie School of Excellence Andrew Lacey Group Real Estate Coaching Over 1,000 hours in real estate classroom training MEMBERSHIPS & AFFILIATIONS Licensed Real Estate Broker in Georgia, Florida, Missouri and Illinois Professional with over 20 years helping clients with their Commercial Real Estate needs. POWDER SPRINGS APARTMENTS 4481 CEMETARY ST. POWDER SPRINGS, GA SVN Creviston Realty, Inc. Page 20

21 10929 Crabapple Road, Suite 201 Roswell, GA All SVN Offices Independently Owned & Operated 2018 All Right Reserved