El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 Property Highlights: Gross Income $275,400 Proforma Income $292,800 Concrete Block Construction JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 Executive Summary PROPERTY OVERVIEW OFFERING SUMMARY Sale Price: $2,480,000 Price / Unit: $80,000 Price / SF: $130.39 Number Of Units: Cap Rate: NOI: Lot Size: Year Built: Building Size: Renovated: Zoning: 31 7.56% $187,552 1.49 Acres 1959 El Camino Village Apartments is a 31 unit complex located in Orlando, Florida, Orange County. The subject property consists of two one-story, concrete block construction buildings, built in 1959 with renovations in 2016. This asset is on 1.49 acres. 30 units are 634 square feet two-bedroom/one-baths and 1 a studio, all units have tile flooring throughout. Each two bedroom unit is separately metered for electricity and features central HVAC systems. Other amenities include tile flooring, semi-private front and back yards and concrete walls between each unit for sound reduction. In 2016 the property was renovated including new roofs, new plumbing and new paint. The subject property is located six minutes away from Downtown Orlando, 15 minutes from Universal Studios, 20 minutes from both International Drive and the Orlando International Airport, and 30 minutes from Walt Disney World Resorts. 19,020 SF PROPERTY HIGHLIGHTS 2016 Gross Income $275,400 Multi-Family Proforma Income $292,800 Concrete Block Construction Two Bedroom, One Bath Units Tile Flooring Throughout 617 EAST COLONIAL Located on Lynx Public Bus Route JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor Easy Access to State Road 408 321.388.4394 DRIVE, SUITE B Multifamily Investment Advisor 407.504.1728
Table of Contents FINANCIAL ANALYSIS 4 PROPERTY INFORMATION LOCATION INFORMATION SALE COMPARABLES RENT COMPARABLES DEMOGRAPHICS 9 15 20 27 31 CONFIDENTIALITY & DISCLAIMER All materials and information received or derived from 100Units.com its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither 100Units.com its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. 100Units.com will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. 100Units.com makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. 100Units.com does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by 100Units.com in compliance with all applicable fair housing and equal opportunity laws.
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 FINANCIAL ANALYSIS Location Photos Unit Mix Summary Income & Expenses Financial Summary
FINANCIAL ANALYSIS Location Photos
Enter summary here... EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 FINANCIAL ANALYSIS Unit Mix Summary UNIT TYPE 2 Bdr 1 Bath Studio Totals / Averages COUNT % TOTAL SIZE (SF) RENT RENT/SF MIN RENT MAX RENT MARKET RENT MARKET RENT/SF 30 96.8 634 $750 $1.18 $625 $750 $795 $1.25 1 3.2 350 $450 $1.29 $450 $450 $550 $1.57 31 100% 19,370 $22,950 $1.18 $19,200 $22,950 $24,400 $1.26 JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
FINANCIAL ANALYSIS Income & Expenses INCOME SUMMARY CURRENT PER UNIT PRO-FORMA PER UNIT TOTAL SCHEDULED INCOME $275,400 $8,883 $292,800 $9,445 VACANCY $8,262 $266 $8,784 $283 GROSS INCOME $267,138 $8,617 $284,016 $9,161 EXPENSE SUMMARY CURRENT PER UNIT PRO-FORMA PER UNIT Real Estate Taxes $17,406 $561 $19,000 $612 Insurance $12,400 $400 $12,400 $400 Utilities $14,880 $480 $14,880 $480 Management Fee $20,550 $662 $20,550 $662 Repairs & Maintenance $10,850 $350 $10,850 $350 Contract Services $3,500 $112 $3,500 $112 GROSS EXPENSES $79,586 $2,567 $81,180 $2,618 NET OPERATING INCOME $187,552 $6,050 $202,836 $6,543 OPERATING EXPENSE RATIO 30% 30% 29% 29%
FINANCIAL ANALYSIS Financial Summary INVESTMENT OVERVIEW CURRENT PRO-FORMA Price $2,480,000 $2,480,000 Price per Unit $80,000 $80,000 GRM 9.0 8.5 CAP Rate 7.6% 8.2% Cash-on-Cash Return (yr 1) 6.49 % 8.96 % Total Return (yr 1) $95,813 $111,097 Debt Coverage Ratio 1.27 1.38 OPERATING DATA CURRENT PRO-FORMA Gross Scheduled Income $275,400 $292,800 Other Income - - Total Scheduled Income $275,400 $292,800 Vacancy Cost $8,262 $8,784 Gross Income $267,138 $284,016 Operating Expenses $79,586 $81,180 Net Operating Income $187,552 $202,836 Pre-Tax Cash Flow $40,250 $55,534 FINANCING DATA CURRENT PRO-FORMA Down Payment $620,000 $620,000 Loan Amount $1,860,000 $1,860,000 Interest Rate 5.0% 5.0% Amortization Period 20 yrs 20 yrs Debt Service $147,302 $147,302 Debt Service Monthly $12,275 $12,275 Principal Reduction (yr 1) $55,563 $55,563
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 PROPERTY INFORMATION Property Description Property Details Additional Photos Property Photos Property Photos
PROPERTY INFORMATION Property Description LOCATION OVERVIEW From Magic Kingdom to Orlando City Soccer games, Orlando offers something to do for the whole family. Orlando is nicknamed "The City Beautiful" and its symbol is the fountain at Lake Eola. Orlando is also known as "The Theme Park Capital of the World" and its tourist attractions draw more than 51 million tourists a year, including 3.6 million international guests. The Orlando International Airport (MCO) is the thirteenth busiest airport in the United States and the 29th busiest in the world. As the most visited American city in 2009, Orlando's famous attractions form the backbone of its tourism industry: Walt Disney World Resort, located approximately 21 miles southwest of Downtown Orlando in Lake Buena Vista, opened by the Walt Disney Company in 1971; the Universal Orlando Resort, which consists of the two parks of Universal Studios Florida and Islands of Adventure; City Walk; SeaWorld; Gatorland; and Wet 'n Wild Water Park. With the exception of Walt Disney World, most major attractions are located along International Drive. The city is also one of the busiest American cities for conferences and conventions. In 2010, Orlando was listed as the most visited city in the United States according to World Cities Study Group s inventory. According to 2009 Pew Research Center Study,Orlando ranks as the fourth most popular American city where people want to live.
PROPERTY INFORMATION Property Details PROPERTY NAME: El Camino Village PROPERTY ADDRESS: 3121 Orange Center Boulevard Orlando, FL 32805 APN: 33-22-29-0000-00-096 TYPE OF OWNERSHIP: LOT SIZE: BUILDING SIZE: BUILDING CLASS: ZONING: Fee Simple 1.49 AC 19,020 SF C Multi-Family PARKING SPACES: 58 PARKING RATIO: 1.8 PARKING SURFACE: Asphalt YEAR BUILT: 1959 RENOVATED: 2016 NUMBER OF BUILDINGS: 2 NUMBER OF STORIES: 1 NUMBER OF UNITS: 31 FOUNDATION: CONSTRUCTION TYPE: BUILDING FRONTAGE: ROOF: HVAC: SEPARATE WATER METERS: SEPARATE ELECTRIC METERS LANDSCAPING: TOPOGRAPHY: Concrete Concrete Block 170 Feet Pitched Shingle Central HVAC Systems False True Professional Level
EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 PROPERTY INFORMATION Additional Photos JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 PROPERTY INFORMATION Property Photos JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
PROPERTY INFORMATION Property Photos
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 LOCATION INFORMATION Regional Map Location Maps Aerial Map Retailer Map
LOCATION INFORMATION Regional Map El Camino Village
LOCATION INFORMATION Location Maps
LOCATION INFORMATION Aerial Map
LOCATION INFORMATION Retailer Map
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 SALE COMPARABLES Sale Comps Sale Comps Summary Sale Comps Map
EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 SALE COMPARABLES Sale Comps 1 DELANEY PARK FLATS SUBJECT PROPERTY 636 Delaney Avenue Orlando, FL 32801 3121 Orange Center Boulevard Orlando, FL 32805 1 Sale Price: $1,600,000 Year Built: 1965 Sale Price: $2,480,000 Year Built: 1959 Building SF: 10,032 SF Price PSF: $159.49 Building SF: 19,020 SF Price PSF: $130.39 No. Units: 12 Price / Unit: $133,333 No. Units: 31 Price / Unit: $80,000 Cap: 5.25% Closed: 01/26/2016 Cap: 7.56% GRM: 9.01 Occupancy: 90% GRM: 13.26 NOI: $187,552 96.8 634 $750 $1.18 1 3.2 350 $450 $1.29 31 100% 624 $740 $1.18 integer 30 to RENT/SF nil $1.24 RENT from $1,037 SIZE SF conversion 836 Studio % OF implicit 12 100% 2 Bdr 1 Bath # UNITS no TOTAL/AVG UNIT TYPE error: $1.24 integer $1,037 to 836 nil 100 from 12 conversion RENT/SF implicit RENT no SIZE SF error: % OF Liquid 2 Bed 1 Bath # UNITS Liquid UNIT TYPE TOTAL/AVG Status: On Market JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
SALE COMPARABLES Sale Comps 2 LAKE CHEROKEE FLATS 3 OSCEOLA FLATS 345 Ponce Orlando, FL 32803 521 South Osceola Avenue Orlando, FL 32801 2 3 Sale Price: $775,000 Year Built: 1964 Building SF: 5,040 SF Price PSF: $153.77 No. Units: 8 Price / Unit: $96,875 Cap: 5.75% Closed: 04/24/2017 Occupancy: 90% GRM: 12.39 UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF 1 Bed 1 Bath 4 50 550 $850 $1.55 2 Bed 1 Bath 4 50 700 $1,000 $1.43 TOTAL/AVG 8 100% 625 $925 $1.48 Sale Price: $1,000,000 Year Built: 1969 Building SF: 5,352 SF Price PSF: $186.85 No. Units: 12 Price / Unit: $83,333 Cap: 5.2% Closed: 08/04/2017 Occupancy: 80% GRM: 12.83 UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF Studios 12 100 446 $812 $1.82 TOTAL/AVG 12 100% 446 $812 $1.82 Status: SOLD by 100Units.com Status: SOLD by 100Units.com
SALE COMPARABLES Sale Comps 4 HIGHLAND FLATS CONDOS 5 FLORIDA APARTMENTS 813 Irma Avenue Orlando, FL 32803 620 Florida Street Orlando, FL 32806 4 5 Sale Price: $2,320,000 Year Built: 1973 Building SF: 7,584 SF Price PSF: $305.91 No. Units: 16 Price / Unit: $145,000 Cap: 5.5% Occupancy: 100% UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF 1 Bdr 1 Ba 16 100 474 $1,026 $2.16 TOTAL/AVG 16 100% 474 $1,026 $2.16 Sale Price: $950,000 Year Built: 1952 Building SF: 7,424 SF Price PSF: $127.96 No. Units: 8 Price / Unit: $118,750 Cap: 5.94% Closed: 01/31/2017 Occupancy: 100% GRM: 11 UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF 1 Bed 1 Bath 8 100 928 $900 $0.97 TOTAL/AVG 8 100% 928 $900 $0.97 Status: SOLD by 100Units.com Status: SOLD by 100units.com
SALE COMPARABLES Sale Comps 6 LOFTS AT CONCORD 7 EOLA CREST APARTMENTS 807-813 East Concord Orlando, FL 32803 630 Hillcrest Street Orlando, FL 32803 6 7 Sale Price: $1,375,000 Year Built: 1925 Building SF: 7,630 SF Price PSF: $180.21 No. Units: 8 Price / Unit: $171,875 Cap: 6.2% Closed: 06/09/2017 Occupancy: 100% GRM: 10.37 UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF 1 Bed 1 Bath 2 25 520 $1,100 $2.12 2 Bed 1 Bath 6 75 825 $1,475 $1.79 TOTAL/AVG 8 100% 748 $1,381 $1.84 Sale Price: $1,910,000 Year Built: 1971 Building SF: 11,716 SF Price PSF: $163.02 No. Units: 12 Price / Unit: $159,166 Cap: 5.5% Closed: 06/16/2017 Occupancy: 100% GRM: 11.7 UNIT TYPE # UNITS % OF SIZE SF RENT RENT/SF 1 Bed 1 Bath 4 33.3 746 $800 $1.07 2 Bed 1 Bath 6 50 955 $1,200 $1.26 3 Bed 2 Bath 2 16.7 1,501 $1,600 $1.07 TOTAL/AVG 12 100% 976 $1,133 $1.16 Status: SOLD by 100Units.com Status: SOLD by 100Units.com
SALE COMPARABLES Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP # OF UNITS El Camino Village 3121 Orange Center Boulevard Orlando, FL 32805 $2,480,000 19,020 SF $130.39 $80,000 7.56% 31 SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP # OF UNITS CLOSE 1 2 3 4 5 6 7 Delaney Park Flats 636 Delaney Avenue Orlando, FL 32801 Lake Cherokee Flats 345 Ponce Orlando, FL 32803 Osceola Flats 521 South Osceola Avenue Orlando, FL 32801 Highland Flats Condos 813 Irma Avenue Orlando, FL 32803 Florida Apartments 620 Florida Street Orlando, FL 32806 Lofts at Concord 807-813 East Concord Orlando, FL 32803 Eola Crest Apartments 630 Hillcrest Street Orlando, FL 32803 $1,600,000 10,032 SF $159.49 $133,333 5.25% 12 01/26/2016 $775,000 5,040 SF $153.77 $96,875 5.75% 8 04/24/2017 $1,000,000 5,352 SF $186.85 $83,333 5.2% 12 08/04/2017 $2,320,000 7,584 SF $305.91 $145,000 5.5% 16 On Market $950,000 7,424 SF $127.96 $118,750 5.94% 8 01/31/2017 $1,375,000 7,630 SF $180.21 $171,875 6.2% 8 06/09/2017 $1,910,000 11,716 SF $163.02 $159,166 5.5% 12 06/16/2017 TOTALS/AVERAGES PRICE PRICE/SF PRICE/UNIT CAP # OF UNITS $1,418,571 $181.29 $130,623 5.62% 10.86
SALE COMPARABLES Sale Comps Map SUBJECT PROPERTY 3121 Orange Center Boulevard Orlando, FL 32805 DELANEY PARK FLATS 1 636 Delaney Avenue Orlando, FL 32801 LAKE CHEROKEE FLATS 2 345 Ponce Orlando, FL 32803 OSCEOLA FLATS 3 521 South Osceola Avenue Orlando, FL 32801 HIGHLAND FLATS CONDOS 4 813 Irma Avenue Orlando, FL 32803 FLORIDA APARTMENTS 5 620 Florida Street Orlando, FL 32806 LOFTS AT CONCORD 6 807-813 East Concord Orlando, FL 32803 EOLA CREST APARTMENTS 7 630 Hillcrest Street Orlando, FL 32803
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 RENT COMPARABLES Rent Comps Rent Comps Summary Rent Comps Map
EL CAMINO VILLAGE 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 RENT COMPARABLES Rent Comps SUBJECT PROPERTY 3121 Orange Center Boulevard Orlando, FL 32805 1 2 3 Year Built: 1959 Lot Size: 1.49 AC No. Units: 31 Avg. Rent/SF: $1.18 Avg. Size: 624 SF Avg. Rent: $740 BOCA CLUB 3114 C R Smith Road Orlando, FL 32805 Year Built: 1988 Bldg Size: 162,696 SF No. Units: 216 Occupancy: 98% Avg. Rent/SF: $0.93 Avg. Size: 753 SF Avg. Rent: $700 1 COURTYARD VILLAS 3764 South Rio Grande Avenue Orlando, FL 32839 Year Built: 1971 Bldg Size: 43,600 SF No. Units: 80 Occupancy: 95% Avg. Rent/SF: $1.26 Avg. Size: 545 SF Avg. Rent: $685 2 MILLENNIUM EAGLE 4255 Barwood Drive Orlando, FL 32839 Year Built: 1975 Bldg Size: 140,000 SF No. Units: 200 Occupancy: 90% Avg. Rent/SF: $1.07 Avg. Size: 700 SF Avg. Rent: $750 3 JOHNNY PULLMAN JOE LAFLEUR Multifamily Investment Advisor 321.388.4394 Multifamily Investment Advisor 407.504.1728
RENT COMPARABLES Rent Comps Summary SUBJECT PROPERTY RENT/SF AVAILABLE SF BLDG SF El Camino Village 3121 Orange Center Boulevard Orlando, FL 32805 # OF UNITS OCCUPANCY % $1.18 19,370 SF 19,020 SF 31 95.0% 1 2 3 RENT COMPS RENT/SF AVAILABLE SF BLDG SF Boca Club 3114 C R Smith Road Orlando, FL 32805 Courtyard Villas 3764 South Rio Grande Avenue Orlando, FL 32839 Millennium Eagle 4255 Barwood Drive Orlando, FL 32839 # OF UNITS OCCUPANCY % $0.93 162,696 SF 162,696 SF 216 98% $1.26 43,600 SF 43,600 SF 80 95% $1.07 700 SF 140,000 SF 200 90% SPACE RENT RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % TOTALS/AVERAGES $1.09 68,999 SF 115,432 SF 165.33 94.33%
RENT COMPARABLES Rent Comps Map SUBJECT PROPERTY 3121 Orange Center Boulevard Orlando, FL 32805 BOCA CLUB 1 3114 C R Smith Road Orlando, FL 32805 COURTYARD VILLAS 2 3764 South Rio Grande Avenue Orlando, FL 32839 MILLENNIUM EAGLE 3 4255 Barwood Drive Orlando, FL 32839
El Camino Village 3121 ORANGE CENTER BOULEVARD, ORLANDO, FL 32805 DEMOGRAPHICS Demographics Report Demographics Map
DEMOGRAPHICS Demographics Report 1 MILE 3 MILES 5 MILES Total households 3,590 35,054 110,928 Total persons per hh 2.8 2.8 2.6 Average hh income $33,480 $45,064 $54,907 Average house value $206,448 $242,876 $272,226 1 MILE 3 MILES 5 MILES Total population 10,174 96,956 286,663 Median age 32.5 33.4 32.7 Median age (male) 29.3 31.1 31.4 Median age (female) 34.9 35.8 34.2 1 MILE 3 MILES 5 MILES Total population - White 757 26,777 130,835 % White 7.4% 27.6% 45.6% Total population - Black 9,201 60,217 114,546 % Black 90.4% 62.1% 40.0% Total population - Asian 38 1,577 9,008 % Asian 0.4% 1.6% 3.1% Total population - Hawaiian 0 9 282 % Hawaiian 0.0% 0.0% 0.1% Total population - Indian 0 374 1,250 % Indian 0.0% 0.4% 0.4% Total population - Other 83 6,162 24,803 % Other 0.8% 6.4% 8.7% 1 MILE 3 MILES 5 MILES Total population - Hispanic 280 11,193 51,330 % Hispanic 2.8% 11.5% 17.9% * Demographic data derived from 2010 US Census
DEMOGRAPHICS Demographics Map POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 10,174 96,956 286,663 MEDIAN AGE 32.5 33.4 32.7 MEDIAN AGE (MALE) 29.3 31.1 31.4 MEDIAN AGE (FEMALE) 34.9 35.8 34.2 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 3,590 35,054 110,928 # OF PERSONS PER HH 2.8 2.8 2.6 AVERAGE HH INCOME $33,480 $45,064 $54,907 AVERAGE HOUSE VALUE $206,448 $242,876 $272,226 RACE 1 MILE 3 MILES 5 MILES % WHITE 7.4% 27.6% 45.6% % BLACK 90.4% 62.1% 40.0% % ASIAN 0.4% 1.6% 3.1% % HAWAIIAN 0.0% 0.0% 0.1% % INDIAN 0.0% 0.4% 0.4% % OTHER 0.8% 6.4% 8.7% ETHNICITY 1 MILE 3 MILES 5 MILES % HISPANIC 2.8% 11.5% 17.9% * Demographic data derived from 2010 US Census