presented by forest village apartments g brokerage · 2016. 11. 4. · population change 2000-2015...

301 Kristin Lane #2, Hudson, NC 28638

Forest Village ApartmentsPresented byG Brokerage

Complex consists of seven buildings, which are comprised of 12 studios, 8 one bedrooms, and 36 twobedroom townhome style apartments for a total of 56 units. Secluded and wooded site, which also mayoffer the upside of adding an additional building and moving rents up to the market rate. Tenants payfor their own electric and water, which is separately metered for each unit. Property has been upgradedto include several apartment renovations, new appliances, and roofs which have all been replacedwithin the last five years. Amenities include a pool and an outdoor space available for picnicking. Thecenter has historically operated at near full capacity.

Price: $2,500,000

Historically high occupancy.Most apartments have been renovated to include new appliances.Roofs replaced within the last five years.Opportunity to increase rents.Opportunity to possibly add an additional building.Includes a common area pool and outdoor space.

View the full listing here: http://www.crelisting.net/Y1N2L7T1A/?StepID=107

Price: $2,500,000No. Units: 56Building Size: 45,592 SFPrice/Unit: $44,642.86Property Type: MultifamilyProperty Sub-type: Garden/Low-RiseProperty Use Type: InvestmentCap Rate: 9.08%Occupancy: 95%No. Stories: 2


Property Details

Forest Village Apartments

http://www.crelisting.net/Y1N2L7T1A/?StepID=107

Financial SummaryAnalysisType ProformaScheduled Gross Income $309,756Effective Gross Income $309,756Operating Expenses $67,335Net Operating Income $226,933Pre-Tax Cash Flow $226,933

Unit/Room Mix InformationDescription No. Units Avg. Mo. Rent Sq. Ft.Studio 12 $360 480One Bedroom 8 $425 560Two Bedroom 36 $525 980


Financials, Debt and Unit Mix


Location DescriptionLocated in the town of Hudson, north of HickoryNorth Carolina. Located off of Mt Herman Rd,about a mile from Highway 321. Close proximity tofood and entertainment.


Location



Property Photos


— Jun 16 vs. 3 mo.

priorY-O-Y

State $45,854 +2.2% +4.2%


Market Trends



DemographicsPopulation 1-mi. 3-mi. 5-mi. 2015 Male Population 1,247 9,185 18,8682015 Female Population 1,338 9,254 19,090% 2015 Male Population 48.24% 49.81% 49.71%% 2015 Female Population 51.76% 50.19% 50.29%2015 Total Population: Adult 2,082 14,659 30,0862015 Total Daytime Population 3,884 17,894 43,7192015 Total Employees 2,295 6,755 20,2392015 Total Population: Median Age 44 42 422015 Total Population: Adult Median Age 52 50 502015 Total population: Under 5 years 115 944 1,9422015 Total population: 5 to 9 years 138 1,031 2,2102015 Total population: 10 to 14 years 184 1,196 2,4512015 Total population: 15 to 19 years 130 1,090 2,2452015 Total population: 20 to 24 years 187 1,285 2,5472015 Total population: 25 to 29 years 128 1,020 2,0402015 Total population: 30 to 34 years 118 1,014 2,0422015 Total population: 35 to 39 years 147 1,049 2,2102015 Total population: 40 to 44 years 199 1,368 2,8592015 Total population: 45 to 49 years 167 1,341 2,7572015 Total population: 50 to 54 years 176 1,389 2,8042015 Total population: 55 to 59 years 164 1,310 2,677



DemographicsPopulation (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total population: 60 to 64 years 185 1,181 2,4822015 Total population: 65 to 69 years 168 1,095 2,2532015 Total population: 70 to 74 years 145 880 1,8182015 Total population: 75 to 79 years 127 664 1,3082015 Total population: 80 to 84 years 57 352 7662015 Total population: 85 years and over 50 230 547% 2015 Total population: Under 5 years 4.45% 5.12% 5.12%% 2015 Total population: 5 to 9 years 5.34% 5.59% 5.82%% 2015 Total population: 10 to 14 years 7.12% 6.49% 6.46%% 2015 Total population: 15 to 19 years 5.03% 5.91% 5.91%% 2015 Total population: 20 to 24 years 7.23% 6.97% 6.71%% 2015 Total population: 25 to 29 years 4.95% 5.53% 5.37%% 2015 Total population: 30 to 34 years 4.56% 5.50% 5.38%% 2015 Total population: 35 to 39 years 5.69% 5.69% 5.82%% 2015 Total population: 40 to 44 years 7.70% 7.42% 7.53%% 2015 Total population: 45 to 49 years 6.46% 7.27% 7.26%% 2015 Total population: 50 to 54 years 6.81% 7.53% 7.39%% 2015 Total population: 55 to 59 years 6.34% 7.10% 7.05%% 2015 Total population: 60 to 64 years 7.16% 6.40% 6.54%% 2015 Total population: 65 to 69 years 6.50% 5.94% 5.94%% 2015 Total population: 70 to 74 years 5.61% 4.77% 4.79%



DemographicsPopulation (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 4.91% 3.60% 3.45%% 2015 Total population: 80 to 84 years 2.21% 1.91% 2.02%% 2015 Total population: 85 years and over 1.93% 1.25% 1.44%2015 White alone 2,407 17,040 34,0192015 Black or African American alone 43 382 1,6542015 American Indian and Alaska Native alone 9 80 1572015 Asian alone 4 93 2182015 Native Hawaiian and OPI alone 2 8 112015 Some Other Race alone 87 551 1,2592015 Two or More Races alone 33 285 6402015 Hispanic 148 1,087 2,3032015 Not Hispanic 2,437 17,352 35,655% 2015 White alone 93.11% 92.41% 89.62%% 2015 Black or African American alone 1.66% 2.07% 4.36%% 2015 American Indian and Alaska Native alone 0.35% 0.43% 0.41%% 2015 Asian alone 0.15% 0.50% 0.57%% 2015 Native Hawaiian and OPI alone 0.08% 0.04% 0.03%% 2015 Some Other Race alone 3.37% 2.99% 3.32%% 2015 Two or More Races alone 1.28% 1.55% 1.69%% 2015 Hispanic 5.73% 5.90% 6.07%% 2015 Not Hispanic 94.27% 94.10% 93.93%



DemographicsPopulation (Cont.) 1-mi. 3-mi. 5-mi. 2015 Not Hispanic: White alone 2,272 16,330 33,5602015 Not Hispanic: Black or African American alone 1 209 1,7592015 Not Hispanic: American Indian and Alaska Native alone 4 32 762015 Not Hispanic: Asian alone 25 88 1742015 Not Hispanic: Native Hawaiian and OPI alone n/a n/a 112015 Not Hispanic: Some Other Race alone n/a 15 282015 Not Hispanic: Two or More Races 10 82 196% 2015 Not Hispanic: White alone 96.64% 95.22% 90.91%% 2015 Not Hispanic: Black or African American alone 0.04% 1.22% 4.77%% 2015 Not Hispanic: American Indian and Alaska Native alone 0.17% 0.19% 0.21%% 2015 Not Hispanic: Asian alone 1.06% 0.51% 0.47%% 2015 Not Hispanic: Native Hawaiian and OPI alone 0.00% 0.00% 0.03%% 2015 Not Hispanic: Some Other Race alone 0.00% 0.09% 0.08%% 2015 Not Hispanic: Two or More Races 0.43% 0.48% 0.53%

Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/aTotal: Establishements (NAICS) n/a n/a n/a



DemographicsPopulation Change (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total Population 2,585 18,439 37,9582015 Households 1,126 7,573 15,480Population Change 2010-2015 -86 -435 -1,025Household Change 2010-2015 -17 -39 -151% Population Change 2010-2015 -3.22% -2.30% -2.63%% Household Change 2010-2015 -1.49% -0.51% -0.97%Population Change 2000-2015 234 1,290 1,043Household Change 2000-2015 91 606 721% Population Change 2000 to 2015 9.95% 7.52% 2.83%% Household Change 2000 to 2015 8.79% 8.70% 4.89%

Housing 1-mi. 3-mi. 5-mi. 2015 Housing Units 1,099 7,386 15,6572015 Occupied Housing Units 1,035 6,967 14,7592015 Owner Occupied Housing Units 724 4,865 10,5972015 Renter Occupied Housing Units 311 2,102 4,1622015 Vacant Housings Units 64 419 898% 2015 Occupied Housing Units 94.18% 94.33% 94.26%



DemographicsHousing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 69.95% 69.83% 71.80%% 2015 Renter occupied housing units 30.05% 30.17% 28.20%% 2000 Vacant housing units 5.82% 5.67% 5.74%

Income 1-mi. 3-mi. 5-mi. 2015 Household Income: Median $34,633 $34,406 $34,0362015 Household Income: Average $53,546 $48,807 $47,7752015 Per Capita Income $23,369 $20,296 $19,8172015 Household income: Less than $10,000 81 723 1,6062015 Household income: $10,000 to $14,999 97 661 1,5022015 Household income: $15,000 to $19,999 90 655 1,2502015 Household income: $20,000 to $24,999 120 708 1,2892015 Household income: $25,000 to $29,999 99 538 1,1582015 Household income: $30,000 to $34,999 82 569 1,1582015 Household income: $35,000 to $39,999 61 442 8232015 Household income: $40,000 to $44,999 50 372 7462015 Household income: $45,000 to $49,999 42 331 7482015 Household income: $50,000 to $59,999 62 491 1,1032015 Household income: $60,000 to $74,999 104 766 1,5272015 Household income: $75,000 to $99,999 116 653 1,3222015 Household income: $100,000 to $124,999 47 303 5722015 Household income: $125,000 to $149,999 39 161 2932015 Household income: $150,000 to $199,999 7 75 136



DemographicsIncome (Cont.) 1-mi. 3-mi. 5-mi. 2015 Household income: $200,000 or more 29 125 247% 2015 Household income: Less than $10,000 7.19% 9.55% 10.37%% 2015 Household income: $10,000 to $14,999 8.61% 8.73% 9.70%% 2015 Household income: $15,000 to $19,999 7.99% 8.65% 8.07%% 2015 Household income: $20,000 to $24,999 10.66% 9.35% 8.33%% 2015 Household income: $25,000 to $29,999 8.79% 7.10% 7.48%% 2015 Household income: $30,000 to $34,999 7.28% 7.51% 7.48%% 2015 Household income: $35,000 to $39,999 5.42% 5.84% 5.32%% 2015 Household income: $40,000 to $44,999 4.44% 4.91% 4.82%% 2015 Household income: $45,000 to $49,999 3.73% 4.37% 4.83%% 2015 Household income: $50,000 to $59,999 5.51% 6.48% 7.13%% 2015 Household income: $60,000 to $74,999 9.24% 10.11% 9.86%% 2015 Household income: $75,000 to $99,999 10.30% 8.62% 8.54%% 2015 Household income: $100,000 to $124,999 4.17% 4.00% 3.70%% 2015 Household income: $125,000 to $149,999 3.46% 2.13% 1.89%% 2015 Household income: $150,000 to $199,999 0.62% 0.99% 0.88%% 2015 Household income: $200,000 or more 2.58% 1.65% 1.60%

Retail Sales Volume 1-mi. 3-mi. 5-mi. 2015 Childrens/Infants clothing stores $284,809 $1,904,111 $3,884,6932015 Jewelry stores $102,612 $679,781 $1,385,7062015 Mens clothing stores $337,539 $2,233,152 $4,554,3862015 Shoe stores $341,509 $2,264,665 $4,607,998



DemographicsRetail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Womens clothing stores $585,607 $3,882,915 $7,920,6612015 Automobile dealers $4,584,333 $30,228,542 $61,551,1832015 Automotive parts and accessories stores $910,899 $6,036,365 $12,304,4652015 Other motor vehicle dealers $136,351 $917,151 $1,878,2822015 Tire dealers $407,031 $2,697,108 $5,500,6612015 Hardware stores $18,652 $122,338 $250,0172015 Home centers $191,763 $1,255,349 $2,570,4312015 Nursery and garden centers $236,208 $1,543,347 $3,154,0542015 Outdoor power equipment stores $106,209 $700,920 $1,435,1392015 Paint andwallpaper stores $21,988 $144,386 $296,8202015 Appliance, television, and other electronics stores $617,832 $4,089,613 $8,350,2842015 Camera andphotographic supplies stores $45,753 $300,540 $609,2412015 Computer andsoftware stores $1,708,664 $11,373,387 $23,206,5072015 Beer, wine, and liquor stores $291,982 $1,926,382 $3,923,4512015 Convenience stores $1,278,202 $8,509,502 $17,352,9432015 Restaurant Expenditures $1,205,920 $7,968,660 $16,246,9682015 Supermarkets and other grocery (except convenience) stores $4,846,236 $32,292,426 $65,922,1092015 Furniture stores $426,955 $2,819,883 $5,756,9182015 Home furnishings stores $1,549,765 $10,257,554 $20,946,8292015 General merchandise stores $8,010,126 $52,889,678 $107,932,3812015 Gasoline stations with convenience stores $4,085,066 $27,222,135 $55,557,185



DemographicsRetail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Other gasoline stations $2,958,514 $19,724,246 $40,267,6192015 Department stores (excl leased depts) $7,907,514 $52,209,897 $106,546,6752015 General merchandise stores $8,010,126 $52,889,678 $107,932,3812015 Other health and personal care stores $311,870 $2,057,693 $4,191,0692015 Pharmacies and drug stores $1,284,301 $8,504,132 $17,356,6672015 Pet and pet supplies stores $344,324 $2,294,870 $4,689,8582015 Book, periodical, and music stores $52,409 $344,187 $701,2612015 Hobby, toy, and game stores $145,569 $968,461 $1,984,2052015 Musical instrument and supplies stores $14,283 $93,613 $190,6202015 Sewing, needlework, and piece goods stores $28,052 $185,000 $377,2762015 Sporting goods stores $137,383 $907,941 $1,840,780


[email protected](704) 837-0202License: 272313

G Brokerage

19501 W Catawba AveCornelius, NC 28031

Gordon AllebachGordon Allebach has over twenty years of real estate experience in the acquisition of commercial properties anddevelopment of residential homes throughout the country. He has owned and operated apartment properties, officebuildings and retail centers in Illinois, North Carolina and Florida. Currently, Gordon is currently focused on his role asCEO of G Brokerage. He is also involved in acquiring and managing the company portfolio of real estate holdings, and afuture 200 acre mixed unit development in Costa Rica. Gordon Allebach is a graduate of Michigan State University andpreviously worked in Facilities Management for ServiceMaster until he started in real estate. He has a passion fordevelopment and he enjoys travel, architecture and the theater. Gordon and his wife, Debra, and son, Asher, reside inCharlotte NC.In addition to his extensive contact base, he also is active with CoStar, Loopnet (Premium Member), SiteIndex(Commercial MLS), and the Charlotte Region MLS.

Current Occupation: CEO/ Commercial Real Estate Broker

Work Experience: Gordon Allebach is currently focused on his role as CEO of G Brokerage. He has also successfullymanaged acquisition and development projects through Allebach Development Group and severalpartnerships. His primary focus has been in value added deals and new construction projects. He hasseen these projects through from conception, execution, management, and sales. These developmentopportunities have included residential and commercial real estate in Chicagoland, Greater Charlotte,and the country of Costa Rica.Specialties: Gordon's expertise include: Project Evaluation and Analysis,Property Management, Real Estate Development (Financing, Acquistion, Budgeting, Profit Analysis,Marketing, Sales)

Education: BA Michigan State UniversityLicensed Real Agent in North Carolina and South CarolinaBIC / Broker inCharge CertificationContinuing Education in Real Estate

Organizations/Associations: National Association of REALTORS, LoopNet, Inc.

Website: http://www.gbrokerage.com


Broker Profile


mailto:[email protected]

http://www.gbrokerage.com

presented by forest village apartments g brokerage · 2016. 11. 4. · population change 2000-2015...

Documents