Braeburn Terrace 12 Units

10101 S Gessner Dr. Houston, TX 77071

CONFIDENTIALITY & DISCLAIMER

The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it by Winhill Advisors and should not be made available to any other person
or entity without the written consent of Winhill Advisors. This information has been supplied by the owner of the property or from other sources we deem to be reliable and accurate; however Winhill
Advisors has not verified, and will not verify, any of the Information contained herein, nor has Winhill Advisors conducted any investigation regarding these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the information provided. Prospects are advised to do their own independent evaluation, inspections and due diligence and carefully verify all
information contained herein. This information is subject to change without notice. This offering is made subject to change price, prior sale or removal from market without notice. By accepting the
information contained herein, the recipient agrees that the enclosed materials are of a highly confidential nature and will be held and treated in the strictest confidence and the recipient will not contact
employees, tenants or principles of the property directly or indirectly without the prior written authorization from Winhill Advisors.
For more information please contact:
Mark Dimas
Broker
281-861-6199
Mark@MarkDimasTeam.com

Investment Overview
Investment Highlights

12 individual condominium units out of a total 140 unit complex

are offered for sale.
Property is located in the city limits of Houston, Texas right off
Hwy 59 South and South Gessner Rd in the Southwest area of
Houston, just minutes from Downtown, Sam Houston Toll Way
and The Galleria.
The property features 3-story brick and wood sided buildings,
controlled gate access, swimming pool and covered concrete
parking.
The units are currently 100% occupied. 2 bed units are
approximately 1083 RSF. All units have been remodeled with tile
flooring.
All units include a refrigerator and most also come with a washer
and dryer. The tenants also pay their own electricity. The home
owners association provides garbage disposal & pick-up service,
water, sewer, grounds upkeep and exterior building insurance.
These units provide a great potential for future buyers.
The seller is willing to stay on for at least three months to help
the new owner manage through the transition.
Buyers will need to acquiring third party financing.
Sold at an estimated 10.8% ProForma cap rate.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Investment Location

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Exterior Community Snapshot

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Interior Snapshot

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Interior Snapshot 2

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Interior Snapshot 3

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Financial Overview Self Managed

Summary

Scheduled Income

Year Built

1983

Improved Lot Sqft

Units

12

2 Bedroom (apprx 956 sf)

1 Bedroom (apprx 648 sf)

Number

1 Bed Room 1 Bath

2 Bed Room 1 Bath

Average Rent
$563
$706

Proforma Rent
$650
$800

Water/Sewer

HOA

Trash

HOA

Heating/Cooling
Parking

Bedrooms

Central Units
1 Covered Concrete

Management

Off-Site

Utilities Paid

Water, Sewer, Trash

Exterior Construction

Brick/Wood

Current Occupancy

Financial Summary
Current

ProForma

Income
SGI

$87,900

$100,800

Total Operating Income

$87,900

$100,800

$37,410

$37,410

Expense
HOA

Investment
Price:

$400,000

Land Taxes

$9,010

$9,010

Current Cap Rate:

8.79

Repairs/Maintenance

$6,322

$5,000

Current Cash on Cash:

11.40

Lawn Service

HOA

HOA

Pro Forma Cap Rate:

12.34

Trash Service

HOA

HOA

Pro Forma Cash on Cash:

25.62

Down Payment:

$100,000 *

Water/Sewer

HOA

HOA

Buyer to Procure a new first lien of:

$300,000 *

For Projection Purposes:

Common Area Elec.

Total Expense

HOA

HOA

$52,742

$51,420

Net Operating Income

$35,158

$49,380

($23,758)

($23,758)

$11,399

$25,621

$8,810

$8,810

First Trust Deed/Mortgage

Down Payment (by %)

25%

Amoritization Period (by year)

20

Pre-Tax Cash Flow

5%

Principle Reduction

Interest Rate (by %)

* For projection purposes to calculate a cash on cash return scenario. Actual down payment may vary depending on lender underwriting guidelines
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Financial Overview Professionally Managed

Summary

Scheduled Income

Year Built

1983

Improved Lot Sqft

Units

12

2 Bedroom (apprx 956 sf)

1 Bedroom (apprx 648 sf)

HOA

Trash

HOA

Heating/Cooling

Central Units
1 Covered Concrete

Management
Utilities Paid

Number

1 Bed Room 1 Bath

2 Bed Room 1 Bath

Average Rent
$563
$706

Proforma Rent
$650
$800

Water/Sewer

Parking

Bedrooms

Off-Site
Water, Sewer, Trash

Exterior Construction

Brick/Wood

Current Occupancy

Investment

Financial Summary
Current

ProForma

Income
SGI

$87,900

$100,800

Total Operating Income

$87,900

$100,800

$37,410

$37,410

Land Taxes

$9,010

$9,010

Expense
HOA

Price:

$400,000

Repairs/Maintenance

$6,322

$5,000

Current Cap Rate:

7.29

Management Fees

$6,000

$6,000

Current Cash on Cash:

5.40

Lawn Service

HOA

HOA

Pro Forma Cap Rate:

10.84

Trash Service

HOA

HOA

Pro Forma Cash on Cash:

19.62
$100,000 *

Water/Sewer

HOA

HOA

Down Payment:
Buyer to Procure a new first lien of:

$300,000 *

For Projection Purposes:

Common Area Elec.

Total Expense

HOA

HOA

$58,742

$57,420

Net Operating Income

$29,158

$43,380

($23,758)

($23,758)

First Trust Deed/Mortgage

Down Payment (by %)

25%

Amoritization Period (by year)

20

Pre-Tax Cash Flow

$5,399

$19,621

5%

Principle Reduction

$8,810

$8,810

Interest Rate (by %)

* For projection purposes to calculate a cash on cash return scenario. Actual down payment may vary depending on lender underwriting guidelines
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Current Rent Roll as of July 24,2015

Rent Roll Current as of July 24, 2015
Unit

Rent Amount

Lease Current

203

$600.00

Month to Month

105

$525.00

703

$600.00

709
707

Lease End

Building #

Bed

Bath

2/28/2015

Month to Month

4/30/2013

Month to Month

9/30/2015

$550.00

Yes

6/30/2016

$550.00

Yes

1/30/2016

706

$525.00

Month to Month

5/30/2014

705

$600.00

Yes

12/30/2016

713

$550.00

Month to Month

2/28/2013

408

$700.00

Month to Month

1/30/2015

313

$700.00

Month to Month

11/30/2014

412

$625.00

Yes

1/30/2016

807

$800.00

Yes

8/30/2016

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

10

Income and Expense - Actual and Pro Forma

Actual Income

ProForma Income

Type

Units

Average Price

Monthly Income

Yearly Income

Type

Units

Average Price

Monthly Income

Yearly Income

1 Bed Room 1 Bath

$563

$4,500

$54,000

1 Bed Room 1 Bath

$650

$5,200

$62,400

2 Bed Room 1 Bath

$706

$2,825

$33,900

2 Bed Room 1 Bath

$800

$3,200

$38,400

TOTAL

12

$1,269

$7,325

$87,900

TOTAL

12

$1,450

$8,400

$100,800

Type

Monthly Expense

Yearly Expense

Type

Monthly Expense

Yearly Expense

HOA

$3,118

$37,410

HOA

$3,118

$37,410

Land Taxes

$751

$9,010

Land Taxes

$751

$9,010

Repair/Mainenance

$527

$6,322

Repair/Mainenance

$417

$5,000

Management Fees

$500

$6,000

Management Fees

$500

$6,000

Insurance

HOA

HOA

Insurance

HOA

HOA

Trash

HOA

HOA

Trash

HOA

HOA

Water/Sewer

HOA

HOA

Water/Sewer

HOA

HOA

Lawn Service

HOA

HOA

Lawn Service

HOA

HOA

Common Area Electric

HOA

HOA

Common Area Electric

HOA

HOA

Total

$58,742
Yearly Income

Total

CURRENTNET OPERATING INCOME

$4,895
Monthly Income

CURRENTNET OPERATING INCOME

$4,785
Monthly Income

$57,420
Yearly Income

Total

$2,430

$29,158

Total

$3,615

$43,380

Actual Expenses

ProForma Expenses

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

11

Information About Brokerage Services

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

12

Frequently Asked Questions

Is there any owner financing available?

Are all these units in the same complex?

No, the seller uses a third party property manager to handle the management

I am interested in the property, can I make an appointment to schedule a walkthrough of the units?

HOA which covers - water, trash, common area, pool, roof, exterior maintenance, paint, siding, and property insurance
Appliances, A/C and heating

Is the seller managing these 12 units?

Electricity

What does the landlord pay for?

This is a condominium complex and seller only owns 12 units

What does the tenant pay for?

No, these are 12 individual condominium units within the apartment complex that are for sale

Why isnt the whole 140 unit apartment complex for sale?

Yes

Is this sale for the entire complex?

No, the buyer will need third party financing or cash for the transaction

We would need a bona fide contract to schedule a walkthrough out of respect for the tenants. Once a contract is in place, there will be ample amount of
time to inspect each unit

Can you send the 2 year P&L for the 12 units?

Yes, with a bona fide contract

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the
accuracy of the information. Reference to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

13