sales price $225,000 / ($49.34 per sf) · shade trees occur in places throughout the district, but...

KEN W IMBERLY, CCIM MANAGING DIRECTOR CELL 817.269.2487 DIRECT 817.635.1013 EMAIL [email protected]

PRESENTED BY:

BRANSON BLACKBURN ASSOCIATE CELL 325.864.9775 DIRECT 817.635.1014 EMAIL [email protected]

1501 W MORPHY ST FORT WORTH, TX 76104

• New Roof within the past year

• Plumbing replaced within the last 5 years

Sales Price $225,000 / ($49.34 PER SF)

• Fairmount was named one of the 10 Best Comeback Neighborhoods by Southern Living Magazine.

• Located in the Fairmount Historic District in Downtown Fort Worth

• 2 blocks from Baylor All Saints Medical Center

V2 20110824

The information contained herein was obtained from sources believed reliable; however KW Commercial McClure Partners and Noble Crest Property Group make no guarantees, warranties or representations as to the completeness or accurateness thereof. The information submitted is subject to errors, omissions, changes of price or condition; prior to sale or lease, or withdraw without notice. Any projections, assumptions or estimates are for illustration purposes only. Recipients should conduct their own investigation.

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QUADRUPLEX - FAIRMOUNT HISTORIC DISTRICT 1501 W MORPHY STREET FORT WORTH, TX 76104

I. PROPERTY OVERVIEW Market Description Property Description Property Details Construction Details Mechanical Information Property Photos Excerpt from Fairmount District Guide to Rehabilitation, Restoration and New Construction

II. PROPERTY MAPS Location Maps Aerial Maps

III. FINANCIAL DATA Real Estate Investment Details Executive Summary Cash Flow Analysis Cash In Cash Out Financial Indicators Cumulative Analysis Property Equity Analysis Equity vs. Debt Cumulative Wealth Analysis Gross Income Vs. Operating Expenses

IV. DEMOGRAPHIC ANALYSIS Sold Comps STDB Specialty Housing Profile STDB Specialty Multi-Family Express Pack

V. BROKERAGE DETAILS Broker Biographies Information about Brokerage Services

NOBLE CREST PROPERTY GROUP

PROPERTY OVERVIEW

www.ncpgtexas.com 682.233.0424



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PROPERTY OVERVIEW NARRATIVES

PROPERTY DESCRIPTION

This quadruplex is conveniently located just 2 blocks from the hospital and 1 block

from the elegant downtown restaurants on Magnolia Avenue. This is a solid

investment opportunity in an up and coming area. Recent updates in the last year

include a new roof and significant portions of the plumbing have been replaced in the

last 5 years. A coin based washer and dryer is located the central hallway between the

units for the tenants to share.

MARKET DESCRIPTION

Located on the near south side of Fort Worth, Texas and covering about one square

mile, the Fairmount Southside Historic District contains one of the nation’s richest

collections of turn of the century housing. Fairmount is comprised of about 20

subdivisions platted between 1883 and 1907.

Source: http://www.historicfairmount.com/



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PROPERTY OVERVIEW DETAILS AND SPECIFICS


Location Information

Parcel Number: Tarrant Appraisal District- 01835874

County: Tarrant County

Legal Description:

McAnulty & Nye Subdivision Blk E Lot 27 & 28 Part of the Fairmount

Historic District

Zoning: C - Medium Density Multifamily

Intersection: 7th Avenue

School District: Fort Worth Independent School District

Property Information

Property Frontage: 115’ Property Depth : 60’

Acres: 0.16 +/- Total Property SF: 6900 +/-

Topography: Flat Parcel Shape: Rectangular

Construction Details

Construction Status: Existing Year Built: 1926

Building Quality: Class C Year Last Renovated: 2010

Building SF: 4,560 Unit Configuration: Multi Tenant

No. of Units: 4 No. of Stories: 2

Parking Details

Parking Type: On Street and 2 Car Detached Garage

Mechanical Information

Electric: Yes Water: Yes

Sewer: Yes Water City Served: Yes

Heat Type: Electric Air Conditioning Type: Central


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PROPERTY OVERVIEW PROPERTY PHOTOS

7TH AVENUE NORTH AND SOUTH VIEWS



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PROPERTY OVERVIEW PROPERTY PHOTOS

ALL UNITS HAVE 3 BEDROOMS WITH CEILING FANS


All Units have 3 Bedrooms with Ceiling Fans

Full Bath with Shower/Tub in Each

Unit

Entry Hall with Coat Closet

Full Kitchen with Stove and

Refrigerator


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The Fairmount/Southside Historic District is a remarkably intact neighborhood, representative of the early 20th century streetcar suburb, with a diversity of house forms and related institutional and commercial properties. Fairmount/Southside is situated on the near south side of Fort Worth, approximately two miles south of downtown. Boundaries of the area form a rectangle of about 375 acres (or 0.6 square mile) Fairmount was developed as a middle class residential area between 1890 and 1938, with the largest concentration of houses dating from 1905 to 1920. The predominate building is the single-family residence, with wood frame bungalows being the most common configuration. Variations on the Four Square form are scattered throughout the District. Fairmount/Southside’s grandest homes are concentrated in the eastern sections of the Districts and reflect a variety of stylistic influences. In the survey made as part of the nomination for National Register of Historic Places status, there were found to be 1,016 Contributing buildings, one Contributing structure and 425 Noncontributing buildings. Growth in the district generally reflected proximity to downtown and transportation routes. The streets were established on a grid with elongated blocks running north and south bisected by alleyways. Streetcar lines ran along Magnolia, Fairmount, College and Hemphill streets, defining growth patterns and areas of commercial development. Although Fairmount/Southside contains parts of 22 subdivisions, the core area has a consistent, unified feeling. While variations in scale do appear, the dominant impression of Fairmount/Southside is of block upon block of small houses, closely spaced, with small front yards, set back from the street. Although alleyways were platted, few are open or in use. Shade trees occur in places throughout the District, but here is nor regular pattern of landscaping. In places, the collision of subdivisions creates a jog in the street or a shift in the street axes. The earliest homes built in Fairmount/Southside reflect Victorian influences dominant in residential architecture throughout the turn of the century. Examples of Victorian architecture occur in the northern section between Henderson Street and Sixth Ave. The move away from Victorian and Queen Anne toward symmetry in the early 20th century is illustrated by the popularity of the Four Square in Fairmount/Southside. This form allowed for more substantial homes than the modest bungalow, Four Squares generally being two or two and one-half stories. While Fairmount/Southside contains many large homes, it was predominantly a middle-class neighborhood where the modest bungalow was the most common house form. Some of the early Fairmount/Southside houses, particularly in the northern sector of the District, show the evolution of a bungalow form merged with vestiges of a Queen Anne cottage. After this transitional style came the Arts & Crafts style bungalow with the exposed rafter tails or eave brackets that are this style’s main identifying elements. With the great growth of Fairmount/Southside after 1905, apartment buildings became a significant element in the District. Two of the earliest apartment houses, both of three stories, are reminiscent of the ‘triple deckers' common in New England and the Midwest and unusual in this region. The Tudor Revival became a very popular style for apartment construction in Texas during the 1920s. The District includes many early 20th century commercial buildings. Commercial buildings are clustered along Magnolia Avenue and Hemphill Street. Pockets survive along former streetcar routes, notably college Avenue and Jefferson Street, at the corner of Fairmount and West Allen Avenues, and on the north and south ends of College Avenue. Most are simple, one or two story Commercial style brick structures with storefront windows. Fairmount/Southside contains quite varied examples of church and school architecture. The styles include Spanish Mission, Jacobean, Classical influenced, and Tudor Gothic. Modern intrusions in the Fairmount/Southside Historic District consist primarily of one-story brick duplexes, which are scattered throughout the District. Most of the buildings determined to be Non-contributing are contemporaneous with the historic period of significance in the District but have suffered inappropriate alterations. The most common alterations are the use of inappropriate siding materials, the replacement of original windows with non-wood alternatives, the replacement of porch columns with fabricated metal members and the enclosures of porches.

Excerpt from Fairmount District Guide To Rehabilitation, Restoration and New Construction (including Demolition and Removal)

A BRIEF HISTORY: FAIRMOUNT/SOUTHSIDE HISTORIC DISTRICT


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A BRIEF HISTORY: FAIRMOUNT/SOUTHSIDE HISTORIC DISTRICT

Fairmount Revitalization and Redevelopment Action Plan The Fairmount Revitalization and Redevelopment Action Plan is an implementation oriented, next step to the Mid South Revitalization and Redevelopment Plan. The Plan, published by the City of Fort Worth in April, 1987, concerns efforts to improve property, develop infill housing, increase code enforcement, encourage home ownership and provide housing assistance to the elderly. Areas of conversation, rehabilitation and stabilization were set out. The plan highlighted two primary land use issues: incompatibility of usage and loss of architectural and historical resources. The creation of the Fairmount/Southside Historic and Cultural Subdistrict was in response to these issues.

Partial Tax Exemption for Certain Historically Significant Sites Section 11.24of the Texas Property Tax Code provides that the governing body of taxing units may exempt from taxation all or part of the assessed value of certain historically significant sites in order to encourage the preservation of such sites. In September 1988, the City Council approved Ordinance 10172 to allow a partial tax exemption program for historical sites. The ordinance states: “Any Property which is designated as an historically significant site…and which is substantially renovated and/or restored…shall have an assessed value for ad valorem tax purposes equal to the assessed value of the property for the tax year immediately prior to the renovation, for a period of ten (10) years following completion of the renovation. Only the historic structure and the land reasonably necessary for access to and use of the structure shall be subject to the tax valuation freeze. The valuation freeze shall begin on the first day of the tax year following completion of the renovation project. To be eligible…the property must:

1. Be zoned “HC” Historic and Cultural Subdistrict; and 2. Be in need of renovation and/or restoration which equals or exceeds thirty percent (30%) of the assessed value of

the structure prior to renovation (The 30% requirement is determined by the value of permits issued by the City’s Building Official.); and

3. Not have been granted a previous tax exemption under this ordinance.”

This program is not retroactive and only work completed after the application is made will count toward the 30%. Complete information concerning the application process is available from the City of Fort Worth Planning and Growth Management.

The complete Guide can be viewed at: http://www.historicfairmount.com/pdfs/designguidelines.pdf

Additional Information including Neighborhood Activities, Community Garden, and Photos can be viewed on the

Fairmount Historic District Community Website: http://www.historicfairmount.com/


PROPERTY MAPS




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PROPERTY MAPS LOCATION MAPS



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PROPERTY MAPS AERIAL MAPS



BROKERAGE DETAILS



FINANCIAL DATA

Real Estate Investment Details

ANALYSIS

Analysis Date: April 2011

PROPERTY

Property: Quadruplex - Fairmount Historic District

Property Address: 1501 W MorphyFort Worth, TX 76104

Year Built: 1926

FINANCIAL INFORMATION

Down Payment: $53,000

LT Capital Gain: 15.00%

Federal Tax Rate: 33.0%

Discount Rate: 8.00%

PURCHASE INFORMATION

Property Type: Commercial

Purchase Price: $265,000

Tenants: 6

Total Rentable Sq. Ft.: 4,560

Resale Valuation 9.0% (capitalization of noi)

Resale Expenses: 6.0%

LOANS

Debt Term Rate Payment LO Costs

Fixed $212,000 20 yrs 6.0% $1,519

INCOME & EXPENSES

Gross Operating Income: $28,080

Monthly GOI: $2,340

Total Annual Expenses: ($9,730)

Monthly Expenses: ($811)

CONTACT INFORMATION

Kenneth Wimberly, CCIM

682.233.0424

[email protected]

0503180

Branson Blackburn

C: 325.864.9775

[email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis.

Keanan

KW Commercial

Executive SummaryQuadruplex - Fairmount Historic District

1501 W MorphyFort Worth, TX 76104

Kenneth Wimberly, CCIM682.233.0424

ACQUISITION COSTS

Purchase Price, Points and Closing Costs $265,000

Investment - Cash $53,000

First Loan $212,000

INVESTMENT INFORMATION

Purchase Price $265,000

Price per Tenant $44,167

Price per Sq. Ft. $58.11

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $31,200

Total Vacancy and Credits ($3,120)

Operating Expenses ($9,730)

Net Operating Income $18,350

Debt Service ($18,226)

Cash Flow Before Taxes $124

Total Interest (Debt Service) ($12,566)

Depreciation and Amortization ($6,192)

Taxable Income (Loss) ($408)

Tax Savings (Costs) $135

Cash Flow After Taxes $259

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes 0.23%

Optimal Internal Rate of Return (yr 17) 14.46%

Debt Coverage Ratio 1.01

Capitalization Rate 6.92%

Gross Income / Square Feet $6.84

Gross Expenses / Square Feet ($2.13)

Operating Expense Ratio 34.65%

Keanan

KW Commercial

Cash Flow AnalysisQuadruplex - Fairmount Historic District



Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

GROSS SCHEDULED INCOME $31,200 $32,760 $34,398 $36,118 $37,924 $39,820 $41,811 $43,902 $46,097 $48,401

Turnover Vacancy ($3,120) ($3,276) ($3,440) ($3,612) ($3,792) ($3,982) ($4,181) ($4,390) ($4,610) ($4,840)

Total Operating Expenses ($9,730) ($10,217) ($10,727) ($11,264) ($11,827) ($12,418) ($13,039) ($13,691) ($14,376) ($15,094)

NET OPERATING INCOME $18,350 $19,268 $20,231 $21,242 $22,305 $23,420 $24,591 $25,820 $27,111 $28,467

Loan Payment ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226)

NET CASH FLOW (b/t) $124 $1,041 $2,005 $3,016 $4,079 $5,194 $6,365 $7,594 $8,885 $10,241

Cash On Cash Return b/t 0.23% 1.97% 3.78% 5.69% 7.70% 9.80% 12.01% 14.33% 16.76% 19.32%


Depreciation ($6,192) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461)

Loan Interest ($12,566) ($12,217) ($11,846) ($11,453) ($11,035) ($10,592) ($10,121) ($9,621) ($9,090) ($8,527)

TAXABLE INCOME (LOSS) ($408) $589 $1,923 $3,328 $4,808 $6,367 $8,009 $9,738 $11,560 $13,479

Income Taxes $135 ($194) ($635) ($1,098) ($1,587) ($2,101) ($2,643) ($3,214) ($3,815) ($4,448)

CASH FLOW (a/t) $259 $847 $1,370 $1,918 $2,492 $3,093 $3,722 $4,381 $5,070 $5,793

Cash On Cash Return a/t 0.49% 1.60% 2.59% 3.62% 4.70% 5.84% 7.02% 8.27% 9.57% 10.93%

Footnotes: b/t = before taxes;a/t = after taxes

Keanan

KW Commercial

Cash Flow AnalysisQuadruplex - Fairmount Historic District






Total Operating Expenses ($15,849) ($16,642) ($17,474) ($18,347) ($19,265) ($20,228) ($21,239) ($22,301) ($23,416) ($24,587)


Loan Payment ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226) ($18,226)

NET CASH FLOW (b/t) $11,664 $13,159 $14,728 $16,376 $18,106 $19,922 $21,830 $23,833 $25,935 $28,144



Depreciation ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,461) ($6,192)

Loan Interest ($7,928) ($7,293) ($6,619) ($5,903) ($5,143) ($4,336) ($3,479) ($2,570) ($1,604) ($579)

TAXABLE INCOME (LOSS) $15,501 $17,630 $19,874 $22,237 $24,728 $27,351 $30,115 $33,028 $36,096 $39,599

Income Taxes ($5,115) ($5,818) ($6,558) ($7,338) ($8,160) ($9,026) ($9,938) ($10,899) ($11,912) ($13,068)

CASH FLOW (a/t) $6,549 $7,341 $8,170 $9,037 $9,946 $10,896 $11,892 $12,933 $14,024 $15,076


Footnotes: b/t = before taxes;a/t = after taxes

Keanan

KW Commercial

Cash In Cash OutQuadruplex - Fairmount Historic District




Rental Income $31,200 $32,760 $34,398 $36,118 $37,924 $39,820 $41,811 $43,902 $46,097 $48,401



GROSS OPERATING INCOME $28,080 $29,484 $30,958 $32,506 $34,131 $35,838 $37,630 $39,511 $41,487 $43,561

Expenses

Speed Analysis Expenses ($9,730) ($10,217) ($10,727) ($11,264) ($11,827) ($12,418) ($13,039) ($13,691) ($14,376) ($15,094)

TOTAL OPERATING EXPENSES ($9,730) ($10,217) ($10,727) ($11,264) ($11,827) ($12,418) ($13,039) ($13,691) ($14,376) ($15,094)


Debt Service

Loan Interest ($12,566) ($12,217) ($11,846) ($11,453) ($11,035) ($10,592) ($10,121) ($9,621) ($9,090) ($8,527)

Principal Payments ($5,660) ($6,009) ($6,380) ($6,773) ($7,191) ($7,634) ($8,105) ($8,605) ($9,136) ($9,699)

NET CASH FLOW (b/t) $124 $1,041 $2,005 $3,016 $4,079 $5,194 $6,365 $7,594 $8,885 $10,241

Cash Flow IRR N/A N/A N/A -17.27% N/A 1.00% 6.28% 10.13% 12.99% 15.16%

Projected Property Value $203,889 $214,083 $224,788 $236,027 $247,828 $260,220 $273,231 $286,892 $301,237 $316,299

Resale Expenses ($12,233) ($12,845) ($13,487) ($14,162) ($14,870) ($15,613) ($16,394) ($17,214) ($18,074) ($18,978)

Footnotes: Cash Flow IRR based upon net cash flow and principle payments

Keanan

KW Commercial





Proceeds b/f Debt Payoff $191,656 $201,238 $211,300 $221,865 $232,959 $244,606 $256,837 $269,679 $283,163 $297,321

Loan Principal Balance ($206,340) ($200,331) ($193,951) ($187,178) ($179,987) ($172,353) ($164,247) ($155,642) ($146,506) ($136,807)

Net Proceeds From Sale ($14,684) $907 $17,349 $34,687 $52,971 $72,254 $92,589 $114,037 $136,656 $160,514

Net Resale IRR N/A N/A N/A -6.45% 3.73% 9.18% 12.32% 14.21% 15.38% 16.13%


Keanan

KW Commercial





Rental Income $50,822 $53,363 $56,031 $58,832 $61,774 $64,863 $68,106 $71,511 $75,087 $78,841



GROSS OPERATING INCOME $45,739 $48,026 $50,428 $52,949 $55,596 $58,376 $61,295 $64,360 $67,578 $70,957

Expenses

Speed Analysis Expenses ($15,849) ($16,642) ($17,474) ($18,347) ($19,265) ($20,228) ($21,239) ($22,301) ($23,416) ($24,587)

TOTAL OPERATING EXPENSES ($15,849) ($16,642) ($17,474) ($18,347) ($19,265) ($20,228) ($21,239) ($22,301) ($23,416) ($24,587)


Debt Service

Loan Interest ($7,928) ($7,293) ($6,619) ($5,903) ($5,143) ($4,336) ($3,479) ($2,570) ($1,604) ($579)

Principal Payments ($10,298) ($10,933) ($11,607) ($12,323) ($13,083) ($13,890) ($14,747) ($15,656) ($16,622) ($17,647)

NET CASH FLOW (b/t) $11,664 $13,159 $14,728 $16,376 $18,106 $19,922 $21,830 $23,833 $25,935 $28,144

Cash Flow IRR 16.83% 18.14% 19.17% 20.00% 20.66% 21.20% 21.63% 21.99% 22.29% 22.54%

Projected Property Value $332,114 $348,719 $366,155 $384,463 $403,686 $423,870 $445,064 $467,317 $490,683 $515,217

Resale Expenses ($19,927) ($20,923) ($21,969) ($23,068) ($24,221) ($25,432) ($26,704) ($28,039) ($29,441) ($30,913)


Keanan

KW Commercial





Proceeds b/f Debt Payoff $312,187 $327,796 $344,186 $361,395 $379,465 $398,438 $418,360 $439,278 $461,242 $484,304

Loan Principal Balance ($126,509) ($115,576) ($103,969) ($91,646) ($78,563) ($64,672) ($49,926) ($34,269) ($17,647) $0

Net Proceeds From Sale $185,678 $212,220 $240,217 $269,749 $300,902 $333,766 $368,434 $405,009 $443,595 $484,304

Net Resale IRR 16.60% 16.90% 17.08% 17.18% 17.23% 17.24% 17.23% 17.20% 17.16% 17.11%


Keanan

KW Commercial

Financial IndicatorsQuadruplex - Fairmount Historic District




Gross Rent Multiplier 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53

Capitalization Rate 6.92% 7.27% 7.63% 8.02% 8.42% 8.84% 9.28% 9.74% 10.23% 10.74%



Debt Coverage Ratio 1.01 1.06 1.11 1.17 1.22 1.28 1.35 1.42 1.49 1.56

Gross Income per Sq. Ft. $6.84 $7.18 $7.54 $7.92 $8.32 $8.73 $9.17 $9.63 $10.11 $10.61

Expenses per Sq. Ft. ($2.13) ($2.24) ($2.35) ($2.47) ($2.59) ($2.72) ($2.86) ($3.00) ($3.15) ($3.31)

Net Income Multiplier 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11

Operating Expense Ratio 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65%

Loan To Value Ratio 101.20% 93.58% 86.28% 79.30% 72.63% 66.23% 60.11% 54.25% 48.63% 43.25%

Footnotes: b/t = before taxes; a/t = after taxes

Keanan

KW Commercial

Financial IndicatorsQuadruplex - Fairmount Historic District




Gross Rent Multiplier 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53 6.53

Capitalization Rate 11.28% 11.84% 12.44% 13.06% 13.71% 14.40% 15.12% 15.87% 16.66% 17.50%



Debt Coverage Ratio 1.64 1.72 1.81 1.90 1.99 2.09 2.20 2.31 2.42 2.54

Gross Income per Sq. Ft. $11.15 $11.70 $12.29 $12.90 $13.55 $14.22 $14.94 $15.68 $16.47 $17.29

Expenses per Sq. Ft. ($3.48) ($3.65) ($3.83) ($4.02) ($4.22) ($4.44) ($4.66) ($4.89) ($5.14) ($5.39)

Net Income Multiplier 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11 11.11

Operating Expense Ratio 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65%

Loan To Value Ratio 38.09% 33.14% 28.39% 23.84% 19.46% 15.26% 11.22% 7.33% 3.60% 0.00%

Footnotes: b/t = before taxes; a/t = after taxes

Keanan

KW Commercial

Cumulative AnalysisQuadruplex - Fairmount Historic District




Equity (appreciation) ($61,111) ($50,917) ($40,213) ($28,973) ($17,172) ($4,780) $8,231 $21,892 $36,237 $51,299

Equity (loan reduction) $5,660 $11,669 $18,049 $24,822 $32,013 $39,647 $47,753 $56,358 $65,494 $75,193

CASH FLOW (a/t) $259 $1,106 $2,476 $4,394 $6,886 $9,978 $13,700 $18,081 $23,151 $28,944

Totals - To Date ($55,193) ($38,142) ($19,688) $243 $21,727 $44,845 $69,683 $96,331 $124,882 $155,436

Invested Capital ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000)

ROIC - To Date -104.14% -71.97% -37.15% 0.46% 40.99% 84.61% 131.48% 181.76% 235.63% 293.28%

Footnotes: a/t = after taxes; ROIC = Return On Invested Capital

Keanan

KW Commercial

Cumulative AnalysisQuadruplex - Fairmount Historic District




Equity (appreciation) $67,114 $83,719 $101,155 $119,463 $138,686 $158,870 $180,064 $202,317 $225,683 $250,217

Equity (loan reduction) $85,491 $96,424 $108,031 $120,354 $133,437 $147,328 $162,074 $177,731 $194,353 $212,000

CASH FLOW (a/t) $35,493 $42,834 $51,003 $60,041 $69,986 $80,883 $92,774 $105,708 $119,732 $134,807

Totals - To Date $188,098 $222,977 $260,190 $299,858 $342,110 $387,081 $434,913 $485,756 $539,767 $597,024

Invested Capital ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000) ($53,000)

ROIC - To Date 354.90% 420.71% 490.92% 565.77% 645.49% 730.34% 820.59% 916.52% 1018.43% 1126.46%

Footnotes: a/t = after taxes; ROIC = Return On Invested Capital

Keanan

KW Commercial

Property Equity AnalysisQuadruplex - Fairmount Historic District



Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

$52,000

$104,000

$156,000

$208,000

$260,000

$312,000

$364,000

$416,000

$468,000

$520,000

Legend

Initial Equity Equity (loan reduction) Equity (appreciation)

Keanan

KW Commercial

Equity vs. DebtQuadruplex - Fairmount Historic District



Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

$52,000

$104,000

$156,000

$208,000

$260,000

$312,000

$364,000

$416,000

$468,000

$520,000

Legend

Equity Loan Principal Balance

Keanan

KW Commercial

Cumulative Wealth AnalysisQuadruplex - Fairmount Historic District



Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

$60,000

$120,000

$180,000

$240,000

$300,000

$360,000

$420,000

$480,000

$540,000

$600,000

Legend

Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t)

Keanan

KW Commercial

Gross Income Vs. Operating ExpensesQuadruplex - Fairmount Historic District



Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

$7,900

$15,800

$23,700

$31,600

$39,500

$47,400

$55,300

$63,200

$71,100

$79,000

Legend

GROSS SCHEDULED INCOME Total Operating Expenses

Keanan

KW Commercial


DEMOGRAPHIC ANALYSIS



RecentSales(TM)Keanan Halla · (817) 291-7842 · [email protected]

KW Commercial

Page 1 of 1 Created: 4/19/2011LoopNet, Inc. © Copyright 1995 - 2011This information comes from users and sources believed to be reliable, but is not guaranteed.

2735 Purington Ave - Fort Worth, TX

Property Type: MultifamilyDuplex/Triplex/Fourplex

No. Units: 4Building Size: 4,466 SFYear Built: 1931

Sale Date: 5/8/2006Sale Price: $159,600.00Price/Unit: $39,900.00

Buyer: IKORO, RAYMOND USeller: DAILEY KYLELoopNet ID: 973032

Southside Fort Worth Opportunity! - 3000 S. Jennings Ave, Fort Worth, TX




LoopNet ID: 1089335

3932 Bunting Ave - Fort Worth, TX




Buyer: 21ST CENTURY CUSTOM HOMES INCSeller: WILLIAMS BRIAN CLoopNet ID: 2110949

2216 6Th Ave - Fort Worth, TX




Buyer: SPARLIN, A DSeller: JOE GEORGE WLoopNet ID: 1306645

Keanan

Text Box

Keanan

New Stamp

Keanan

New Stamp

Keanan

New Stamp

Specialty Housing ProfilePrepared by Kenneth WimberlyQuadplex - W Morphy St

©2010 Esri 4/13/2011 Page 1 of 4

Quadplex - Morphy St. Latitude: 32.7292441501 W Morphy St, Fort Worth, TX 76104-4251, 1501 W Morphy St Longitude: -97.342232Ring: 1, 3, 5 Miles

1 mile radius 3 miles radius 5 miles radius

Population Density 2000 Population Density 12,461.0 93,256.0 256,651.0 2010 Population Density 12,580.0 98,805.0 269,096.0

Household Density 2000 Household Density 4,148.0 32,950.0 88,691.0 2010 Household Density 4,162.0 34,595.0 92,310.0

Per Capita Income 1990 Per Capita Income $12,177 $12,123 $12,489 2000 Per Capita Income $16,765 $18,236 $17,331 1990 - 2000 Annual Rate 3.25% 4.17% 3.33% 2010 Per Capita Income $19,444 $19,936 $18,943 2000 - 2010 Annual Rate 1.62% 0.97% 0.97% 2015 Per Capita Income $22,005 $22,888 $21,614 2010 - 2015 Annual Rate 2.51% 2.8% 2.67%

1990 Housing Units 5,396 38,730 99,631 Owner Occupied Housing Units 34.9% 41.3% 48.2% Renter Occupied Housing Units 43.1% 43.1% 37.3% Vacant Housing Units 22.1% 15.5% 14.5%2000 Housing Units 4,669 36,658 96,873 Owner Occupied Housing Units 43.3% 45.7% 52.2% Renter Occupied Housing Units 45.9% 44.3% 39.4% Vacant Housing Units 10.8% 10.0% 8.4%2010 Housing Units 4,952 39,606 103,756 Owner Occupied Housing Units 36.7% 40.1% 46.1% Renter Occupied Housing Units 47.4% 47.2% 42.8% Vacant Housing Units 16.0% 12.7% 11.0%2015 Housing Units 5,110 41,484 108,167 Owner Occupied Housing Units 35.6% 38.7% 44.9% Renter Occupied Housing Units 47.5% 48.1% 43.6% Vacant Housing Units 16.9% 13.1% 11.5%

Median Household Income 1990 Median Household Income $20,589 $19,812 $22,433 2000 Median Household Income $33,614 $31,367 $32,268 1990 - 2000 Annual Rate 5.02% 4.70% 3.70% 2010 Median Household Income $42,115 $39,410 $40,780 2000 - 2010 Annual Rate 2.47% 2.5% 2.56% 2015 Median Household Income $47,048 $45,695 $47,246 2010 - 2015 Annual Rate 2.24% 3% 2.99%

Average Household Income 1990 Average Household Income $34,340 $31,393 $33,431 2000 Average Household Income $48,715 $48,677 $48,213 1990 - 2000 Annual Rate 3.56% 4.48% 3.73% 2010 Average Household Income $54,622 $53,309 $53,337 2000 - 2010 Annual Rate 1.24% 0.99% 1.1% 2015 Average Household Income $61,650 $61,064 $60,723 2010 - 2015 Annual Rate 2.45% 2.75% 2.63%

Data Note: Detail may not sum to totals due to rounding.

Source: U .S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.


©2010 Esri 4/13/2011 Page 2 of 4



1990 Households by IncomeTotal 4,238 32,744 85,404 <$10,000 23.3% 25.9% 21.3% $10,000 - $19,999 25.6% 24.5% 23.4% $20,000 - $29,999 14.5% 16.1% 17.9% $30,000 - $39,999 11.7% 11.5% 13.1% $40,000 - $49,999 6.9% 7.6% 8.2% $50,000 - $59,999 4.7% 3.8% 4.9% $60,000 - $74,999 5.4% 3.9% 4.4% $75,000 - $99,999 2.9% 2.7% 2.9% $100,000 - $124,999 1.2% 1.3% 1.4% $125,000 - $149,999 1.2% 0.8% 0.7% $150,000+ 2.8% 1.8% 1.8%

2000 Households by IncomeTotal 4,095 32,746 88,618 <$10,000 14.1% 16.5% 13.2% $10,000 - $19,999 19.5% 16.5% 16.5% $20,000 - $29,999 11.9% 14.9% 16.6% $30,000 - $39,999 12.7% 13.2% 14.2% $40,000 - $49,999 9.5% 9.2% 10.0% $50,000 - $59,999 4.3% 6.5% 7.2% $60,000 - $74,999 7.5% 7.6% 7.8% $75,000 - $99,999 8.6% 5.9% 6.0% $100,000 - $124,999 5.2% 3.5% 2.9% $125,000 - $149,999 2.6% 1.6% 1.5% $150,000 - $199,999 1.9% 1.8% 1.6% $200,000+ 2.2% 2.7% 2.4%

2010 Households by IncomeTotal 4,162 34,594 92,310 <$10,000 13.2% 15.1% 12.0% $10,000 - $19,999 14.9% 13.4% 12.9% $20,000 - $29,999 12.3% 12.4% 13.2% $30,000 - $39,999 6.6% 9.7% 10.8% $40,000 - $49,999 15.0% 12.4% 13.0% $50,000 - $59,999 4.6% 7.1% 7.9% $60,000 - $74,999 7.4% 9.3% 10.2% $75,000 - $99,999 13.1% 9.8% 10.2% $100,000 - $124,999 5.0% 3.6% 3.3% $125,000 - $149,999 3.1% 2.6% 2.2% $150,000 - $199,999 2.5% 1.9% 1.9% $200,000 - $249,999 1.2% 1.5% 1.3% $250,000 - $499,999 0.8% 1.1% 1.0% $500,000+ 0.1% 0.1% 0.1%

2015 Households by IncomeTotal 4,245 36,037 95,758 <$10,000 12.0% 13.5% 10.6% $10,000 - $19,999 12.7% 11.5% 11.0% $20,000 - $29,999 11.3% 11.2% 11.8% $30,000 - $39,999 6.6% 8.3% 9.0% $40,000 - $49,999 11.0% 9.7% 10.5% $50,000 - $59,999 6.5% 9.3% 10.3% $60,000 - $74,999 7.7% 9.8% 10.9% $75,000 - $99,999 15.1% 11.8% 12.6% $100,000 - $124,999 7.6% 5.7% 5.2% $125,000 - $149,999 3.6% 3.1% 2.6% $150,000 - $199,999 3.2% 2.5% 2.5% $200,000 - $249,999 1.5% 1.9% 1.6% $250,000 - $499,999 1.1% 1.6% 1.4% $500,000+ 0.1% 0.1% 0.1%

Data Note: Income represents annual income for the preceding year. Income f or 2010 and 2015 is expressed in current dollars, including an adjustment for inflation.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015. Esri converted 1990 Census data into 2000 geography.


©2010 Esri 4/13/2011 Page 3 of 4



Census 2000 Vacant Housing Units by Status Total 504 3,652 8,120 For Rent 43.8% 43.3% 46.3% For Sale Only 17.1% 10.3% 11.5% Rented/Sold, Unoccupied 22.6% 14.3% 13.5% Seasonal/Recreational/Occasional Use 3.0% 4.9% 4.0% For Migrant Workers 0.0% 0.0% 0.0% Other Vacant 13.5% 27.2% 24.6%

2010 Owner Occupied Housing Units by Value Total 1,814 15,883 47,876 < $25,000 7.9% 8.1% 7.3% $25,000 - $29,999 2.8% 3.4% 3.7% $30,000 - $34,999 2.5% 3.4% 3.5% $35,000 - $39,999 2.7% 4.0% 3.9% $40,000 - $49,999 5.0% 10.8% 12.6% $50,000 - $59,999 9.1% 12.9% 14.4% $60,000 - $69,999 6.7% 8.3% 9.0% $70,000 - $79,999 5.1% 6.3% 7.1% $80,000 - $89,999 3.6% 4.8% 6.0% $90,000 - $99,999 5.0% 3.8% 4.7% $100,000 - $124,999 13.1% 8.1% 8.7% $125,000 - $149,999 6.1% 4.7% 4.0% $150,000 - $174,999 4.6% 3.1% 2.4% $175,000 - $199,999 4.9% 2.9% 1.9% $200,000 - $249,999 7.9% 5.6% 3.4% $250,000 - $299,999 2.8% 2.2% 1.6% $300,000 - $399,999 3.6% 2.6% 2.1% $400,000 - $499,999 3.3% 1.9% 1.1% $500,000 - $749,999 2.9% 2.0% 1.4% $750,000 - $999,999 0.4% 0.7% 0.6% $1,000,000+ 0.1% 0.5% 0.7%Median Home Value $99,222 $68,757 $65,220

Census 2000 Specified Renter Occupied Housing Units by Contract Rent

Total 2,119 16,260 38,151 Paying Cash Rent 97.9% 96.7% 96.3% < $100 0.9% 3.5% 2.4% $100 - $149 2.2% 3.0% 2.2% $150 - $199 0.7% 2.9% 2.0% $200 - $249 5.4% 4.0% 3.6% $250 - $299 8.9% 6.3% 6.3% $300 - $349 16.0% 10.2% 9.8% $350 - $399 17.1% 13.0% 14.0% $400 - $449 10.9% 12.3% 13.7% $450 - $499 10.0% 9.2% 10.8% $500 - $549 6.9% 7.1% 8.1% $550 - $599 4.3% 4.3% 5.0% $600 - $649 3.9% 3.8% 4.1% $650 - $699 1.4% 2.6% 2.8% $700 - $749 1.2% 1.7% 1.6% $750 - $799 2.4% 2.2% 2.1% $800 - $899 1.6% 3.6% 2.7% $900 - $999 0.8% 1.7% 1.3% $1000 - $1249 2.4% 2.8% 1.9% $1250 - $1499 0.4% 1.0% 0.7% $1500 - $1999 0.5% 1.0% 0.9% $2000+ 0.0% 0.5% 0.3% No Cash Rent 2.1% 3.3% 3.7%Average Rent $434 $475 $467

Data Note: Specified Renter Occupied Housing Units exclude houses on 10+ acres. Avera ge contract rent excludes units paying no cash.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010.


©2010 Esri 4/13/2011 Page 4 of 4



Census 2000 Housing Units by Units in Structure Total 4,618 36,658 96,685 1, Detached 57.8% 61.7% 68.3% 1, Attached 2.7% 4.3% 4.2% 2 11.4% 6.9% 5.0% 3 to 4 8.3% 5.4% 4.2% 5 to 9 7.8% 5.7% 4.8% 10 to 19 3.1% 3.5% 3.6% 20 to 49 3.4% 2.9% 2.8% 50 or More 5.0% 9.4% 6.2% Mobile Home 0.1% 0.1% 0.9% Other 0.4% 0.1% 0.1%

Census 2000 Households by Year Householder Moved InTotal 4,107 32,968 88,593 Moved in 1999 to March 2000 29.5% 28.0% 24.0% Moved in 1995 to 1998 32.7% 29.8% 28.9% Moved in 1990 to 1994 15.3% 13.4% 14.2% Moved in 1980 to 1989 8.6% 10.4% 11.1% Moved in 1970 to 1979 5.5% 6.6% 9.3% 1969 or Earlier 8.4% 11.9% 12.5%

Census 2000 Housing Units by Year Structure BuiltTotal 4,636 36,712 96,744 1999 to March 2000 0.7% 2.8% 1.9% 1995 to 1998 1.5% 3.9% 2.9% 1990 to 1994 1.2% 1.5% 1.4% 1980 to 1989 3.5% 6.7% 7.9% 1970 to 1979 4.4% 7.9% 10.1% 1969 or Earlier 88.6% 77.2% 75.8%

Census 2000 Workers 16+ by Means of Transportation to WorkTotal 5,336 38,407 102,228 Worked at Home 2.1% 2.7% 2.2% Drove Alone - Car, Truck, or Van 63.1% 69.7% 71.9% Carpooled - Car, Truck, or Van 25.8% 19.5% 20.3% Bus/Trolley Bus 3.9% 2.5% 1.7% Streetcar/Trolley Car 0.0% 0.0% 0.0% Subway/Elevated 0.0% 0.0% 0.0% Railroad 0.0% 0.0% 0.0% Ferryboat 0.0% 0.0% 0.0% Taxicab 0.1% 0.1% 0.1% Motorcycle 0.0% 0.0% 0.1% Bicycle 0.7% 0.2% 0.1% Walked 3.8% 4.1% 2.4% Other Means 1.2% 1.3% 1.3%

Census 2000 Households by Vehicles AvailableTotal 4,109 32,969 88,592 None 17.0% 14.2% 10.6% 1 37.5% 41.8% 41.8% 2 34.1% 32.9% 34.3% 3 9.2% 8.2% 9.8% 4 1.1% 2.0% 2.6% 5+ 1.2% 0.9% 1.0%Average Number of Vehicles Available 1.4 1.5 1.6

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing.

Multifamily Express PackPrepared by Kenneth WimberlyQuadplex - W Morphy St

©2010 Esri 4/13/2011 Page 1 of 9



2000 - 2010 Population Annual Rate 0.1% 0.63% 0.51%2010 - 2015 Population Annual Rate 0.31% 0.71% 0.67%

Total Population

Area 1

1990 2000 2010 20150

100020003000400050006000700080009000

10000110001200013000 12778125801246112545

Total Population

Area 2

1990 2000 2010 20150

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

110000 10237398805

9325688969

Total Population

Area 3

1990 2000 2010 20150

50000

100000

150000

200000

250000

300000 278209269096256651

235423

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri converted 1990 Census data into 2000 geography. Esri forecasts for 2010 and 2015.


©2010 Esri 4/13/2011 Page 2 of 9



2000 Population by Sex Males 51.8% 50.5% 50.1% Females 48.2% 49.5% 49.9%2010 Population by Sex Males 51.4% 50.6% 50.2% Females 48.6% 49.4% 49.8%2015 Population by Sex Males 51.2% 50.6% 50.3% Females 48.8% 49.4% 49.7%

2010 Population by Race

Area 1 Area 2 Area 3

White Alone Black Alone Amer Indian Alone Asian/Pacific Alone Other Race Alone Two or More Races0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

55.0

3.3

26.2

1.80.8

17.6

50.4

3.1

25.1

2.00.8

18.1

50.8

3.7

29.8

4.3

0.8

10.8

50.6

Per

cent

2010 Hispanic Origin 51.3% 47.6% 51.1%

2010 Population 15+ by Marital StatusTotal 10,016 77,718 206,203 Never Married 34.5% 36.7% 34.2% Married 47.5% 44.5% 47.0% Widowed 6.3% 7.0% 6.6% Divorced 11.7% 11.8% 12.1%

2010 Population 25+ by Educational AttainmentTotal 8,415 60,423 163,463 Less than 9th Grade 23.4% 19.6% 19.7% 9th - 12th Grade, No Diploma 14.4% 13.7% 14.9% High School Graduate 20.7% 22.3% 24.8% Some College, No Degree 13.5% 15.0% 15.8% Associate Degree 3.7% 3.1% 3.7% Bachelor's Degree 14.8% 16.3% 13.5% Graduate/Professional Degree 9.5% 10.1% 7.6%

Data Note: Persons of Hispanic Origin may be of an y race

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. Esri forecasts for 2010 and 2015.


©2010 Esri 4/13/2011 Page 3 of 9



2000 Population by AgeTotal 12,462 93,258 256,649 0 - 4 7.1% 8.0% 8.5% 5 - 9 7.0% 7.1% 8.0% 10 - 14 7.0% 6.5% 7.3% 15 - 19 7.3% 8.5% 8.0% 20 - 24 6.5% 10.0% 8.5% 25 - 34 15.7% 16.8% 16.1% 35 - 44 16.4% 14.8% 14.7% 45 - 54 13.5% 11.0% 11.0% 55 - 64 7.1% 6.4% 6.9% 65 - 74 5.2% 5.1% 5.5% 75 - 84 4.3% 4.0% 4.1% 85+ 2.9% 1.9% 1.5%



Median Age 2000 34.6 30.8 30.9 2010 36.9 31.7 31.9 2015 37.1 31.9 32.1



©2010 Esri 4/13/2011 Page 4 of 9



2000 - 2010 Civilian Employed Population 16+ Annual Rate -1.55% -1.12% -1.12%2010 - 2015 Civilian Employed Population 16+ Annual Rate 0.19% 0.73% 0.73%

Total Civilian Employed Population 16+

Area 1

1990 2000 2010 20150

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

5500

47804734

54715115


Area 2

1990 2000 2010 20150

5000

10000

15000

20000

25000

30000

35000

4000036710

35405

3928136619


Area 3

1990 2000 2010 20150

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

1100009772694241

10454898900



©2010 Esri 4/13/2011 Page 5 of 9



2010 Employed Civilian Population 16+ by Industry


Agriculture, Forestry, Fishing, and Hunting

Mining

Construction

Manufacturing

Wholesale Trade

Retail Trade

Transportation/Warehousing

Utilities

Information

Finance/Insurance

Real Estate/Rental/Leasing

Professional, Scientific, and Technical Services

Management of Companies/Enterprises

Admin., Support, and Waste Mgmt. Services

Educational Services

Health Care/Social Assistance

Arts/Entertainment/Recreation

Accommodation/Food Services

Other Services

Public Administration

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0

2.8

5.7

8.3

1.9

11.6

8.5

5.7

0.2

4.7

2.1

4.1

2.0

0.4

4.0

11.1

3.2

11.1

12.1

0.5

0.1

2.5

5.8

9.0

2.2

12.2

10.0

5.9

0.2

5.9

2.0

4.1

2.0

0.3

3.7

10.3

3.1

9.3

10.7

0.6

0.1

2.3

5.7

9.1

2.0

12.1

6.3

8.0

0.0

5.4

1.5

3.1

1.6

0.1

3.5

12.1

2.8

9.2

14.6

0.4

0.3

Percent

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions.

Source: Esri forecasts for 2010.


©2010 Esri 4/13/2011 Page 6 of 9



2000 - 2010 Population by Industry Annual Rate


Agriculture, Forestry, Fishing, and Hunting

Mining

Construction

Manufacturing

Wholesale Trade

Retail Trade

Transportation/Warehousing

Utilities

Information

Finance/Insurance

Real Estate/Rental/Leasing

Professional, Scientific, and Technical Services

Management of Companies/Enterprises

Admin., Support, and Waste Mgmt. Services

Educational Services

Health Care/Social Assistance

Arts/Entertainment/Recreation

Accommodation/Food Services

Other Services

Public Administration

-6.00 -4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00

-0.40

-1.24

0.82

0.89

0.97

-0.70

0.43

8.91

-0.97

0.03

-1.02

-4.35

-3.09

-1.66

-1.39

-2.82

-4.29

-0.79

2.06

-4.13

-0.64

-1.34

0.82

0.55

0.86

-0.93

0.29

7.92

-1.01

-0.33

-1.22

-4.47

-3.20

-1.75

-1.51

-3.05

-4.35

-0.79

1.88

-4.55

-1.36

-1.87

0.15

0.23

0.54

-1.19

0.29

0.00

-1.60

-0.30

-1.83

-4.99

-4.29

-2.59

-2.09

-3.39

-4.93

-1.14

1.21

-6.79

Percent

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions.

Source: Esri forecasts for 2010.


©2010 Esri 4/13/2011 Page 7 of 9



2000 - 2010 Households Annual Rate 0.04% 0.53% 0.43%2010 - 2015 Households Annual Rate 0.39% 0.82% 0.74%

Total Households

Area 1

1990 2000 2010 20150

500

1000

1500

2000

2500

3000

3500

4000

4500 4244416241484206

Total Households

Area 2

1990 2000 2010 20150

5000

10000

15000

20000

25000

30000

35000

4000036040

345953295032712

Total Households

Area 3

1990 2000 2010 20150

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000 9576192310

8869185188



©2010 Esri 4/13/2011 Page 8 of 9



2010 Household Income


<$15,000

$15,000 - $19,999

$20,000 - $24,999

$25,000 - $29,999

$30,000 - $34,999

$35,000 - $39,999

$40,000 - $44,999

$45,000 - $49,999

$50,000 - $59,999

$60,000 - $74,999

$75,000 - $99,999

$100,000 - $124,999

$125,000 - $149,999

$150,000 - $199,999

$200,000 - $249,999

$250,000 - $499,999

$500,000+

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0

0.1

1.0

1.3

1.9

2.2

3.3

10.2

10.2

7.9

6.4

6.6

5.7

5.1

7.1

6.1

6.7

18.1

0.1

1.1

1.5

1.9

2.6

3.6

9.8

9.3

7.1

6.0

6.4

5.1

4.6

6.3

6.2

6.5

22.0

0.1

0.8

1.2

2.5

3.1

5.0

13.1

7.4

4.6

8.6

6.5

3.8

2.8

5.4

6.9

7.4

20.8

Percent

Median Household Income 2000 $33,614 $31,367 $32,268 2010 $42,115 $39,410 $40,780 2015 $47,048 $45,695 $47,246

2000 - 2010 Median Household Income Annual Rate 2.47% 2.5% 2.56%2010 - 2015 Median Household Income Annual Rate 2.24% 3% 2.99%

2010 Median Net Worth $19,993 $21,724 $29,787

Data Note: Detail may not sum to totals due to rounding. Income represents ann ual income for the preceding year. Income for 2010 and 2015 is expressed in current dollars, including an adjustment for inflation.



©2010 Esri 4/13/2011 Page 9 of 9



2000 Housing Units 4,652 36,601 96,811 Owner Occupied Housing Units 43.3% 45.7% 52.2% Renter Occupied Housing Units 45.9% 44.3% 39.4% Vacant Housing Units 10.8% 10.0% 8.4%



2010 Housing Units


Owner Occupied Renter Occupied Vacant0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

11.0

42.8

46.1

12.7

47.2

40.1

16.0

47.4

36.7

Per

cent

Median Home Value 2000 $88,585 $58,135 $53,561 2010 $99,222 $68,757 $65,220 2015 $107,488 $77,404 $74,736

Data Note: Detail may not sum to totals due to rounding.



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BROKERAGE DETAILS

Kenneth F. Wimberly serves as Managing Director for KW Commercial (Noble Crest Property Group), specializing in investment sales with a strong background in land sales, lot sales and acquisition, syndications, site selection, bank REO’s, and buyer/tenant representation. His clients include commercial developers, residential developers, homebuilders, banks, and private investors. Prior to joining KW Commercial, Wimberly served as a Senior Advisor at Sperry Van Ness.is founder and president of a real estate investment firm, Noble Crest Capital, Inc. (NCC), and previously served as an agent for Ritter and Associates Real Estate, specializing in land sales. Wimberly served his country as an aircrew member flying aboard EP-3E aircraft as a CTR (cryptologist technician – Morse code) for the United States Navy, stationed in Misawa, Japan. He has also worked in the insurance/investment field and has held the Series 6, Series 7, and Series 63 investment licenses and the Group I insurance license. He received his CCIM designation in 2010 and is currently pursuing his ALC (Accredited Land Counselor) designation. Wimberly is a member of the Greater Fort Worth Association of Realtors, the Texas Association of Realtors, and the Society of Commercial Realtors. Additionally, he served as the 2008 Chairman of the Board of Directors for the Society of Commercial Realtors in Fort Worth. He currently serves on the RCA/Governing Council of the Texas Association of Realtors. He is active in his community and volunteers his time as a “Big” in the Big Brothers/Big Sisters program. He has two children, Knox, age 7 and Grace, age 8.

Ken Wimberly, CCIM Managing Director Direct: 817.635.1013 Mobile: 817.269.2487 [email protected]

KEN WIMBERLY, CCIM



www.ncpgtexas.com

BROKERAGE DETAILS

Branson D. Blackburn joined KW Commercial | Noble Crest Property Group in 2011 as an Associate. Branson began his career in commercial real estate with Mark Horn Enterprises, where he assisted in property development, site analysis and management processes. He gained significant sales experience as the Senior Field Sales Manager for the Abilene branch of Vector Marketing, where he was the top sales representative in the district and conducted trainings for new agents. Branson received his BBA in Marketing from Abilene Christian University, where he participated as a member of and consultant for the university’s investment group. Branson is a co-founder and Vice-President for the real estate investment firm, Blackburn Inc., LLC, for which he acts as overseer for the acquisition and development of multifamily properties in West Texas. Branson specializes in multifamily investments as a member of the Noble Crest Property Group and has been licensed as a real estate salesperson by the Texas Real Estate Commission. Branson is married to his wife, Kate Blackburn, and resides in Fort Worth, Texas.

BRANSON BLACKBURN Associate Direct: 817.635.1014 Mobile: 325.864.9775 [email protected]

BRANSON BLACKBURN



www.ncpgtexas.com

Before working with a real estate broker, you should know that the

duties of a broker depend on whom the broker represents. If you are a

prospective seller or landlord (owner) or a prospective buyer or tenant

(buyer), you should know that the broker who lists the property for

sale or lease is the owner's agent. A broker who acts as a subagent

represents the owner in cooperation with the listing broker. A broker

who acts as a buyer's agent represents the buyer. A broker may act as

an intermediary between the parties if the parties consent in writing. A

broker can assist you in locating a property, preparing a contract or

lease, or obtaining financing without representing you. A broker is

obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:

The broker becomes the owner's agent by entering into an agreement

with the owner, usually through a written listing agreement, or by

agreeing to act as a subagent by accepting an offer of sub agency from

the listing broker. A subagent may work in a different real estate

office. A listing broker or subagent can assist the buyer but does not

represent the buyer and must place the interests of the owner first. The

buyer should not tell the owner's agent anything the buyer would not

want the owner to know because an owner's agent must disclose to the

owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:

The broker becomes the buyer's agent by entering into an agreement to

represent the buyer, usually through a written buyer representation

agreement. A buyer's agent can assist the owner but does not represent

the owner and must place the interests of the buyer first. The owner

should not tell a buyer's agent anything the owner would not want the

buyer to know because a buyer's agent must disclose to the buyer any

material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:

The broker becomes the buyer's agent by entering into an agreement to

represent the buyer, usually through a written buyer representation

agreement. A buyer's agent can assist the owner but does not represent

the owner and must place the interests of the buyer first. The owner

should not tell a buyer's agent anything the owner would not want the

buyer to know because a buyer's agent must disclose to the buyer any

material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:

A broker may act as an intermediary between the parties if the broker

complies with the The Texas Real Estate License Act. The broker

must obtain the written consent of each party to the transaction to act

as an intermediary. The written consent must state who will pay the

broker and, in conspicuous bold or underlined print, set forth the

broker's obligations as an intermediary. The broker is required to treat

each party honestly and fairly and to comply with The Texas Real

Estate License Act. A broker who acts as an intermediary in a

transaction:

(1) Shall treat all parties honestly;

(2) May not disclose that the owner will accept a price less than the

asking price unless authorized in writing to do so by the owner;

(3) May not disclose that the buyer will pay a price greater than the

price submitted in a written offer unless authorized in writing to do so

by the buyer; and

(4) May not disclose any confidential information or any information

that a party specifically instructs the broker in writing not to disclose

unless authorized in writing to disclose the information or required to

do so by The Texas Real Estate License act or a court order or if the

information materially relates to the condition of the property.

With the parties' consent, a broker acting as an intermediary between

the parties may appoint a person who is licensed under The Texas

Real Estate License Act and associated with the broker to

communicate with and carry out instructions of one party and another

person who is licensed under the Act and associated with the broker to

communicate with and carry out instructions of the other party.

If you choose to have a broker represent you,

you should enter into a written agreement with the broker that clearly

establishes the broker's obligations and your obligations. The

agreement should state how and by whom the broker will be paid. You

have the right to choose the type of representation, if any, you wish to

receive. Your payment of a fee to a broker does not necessarily

establish that the broker represents you. If you have any questions

regarding the duties and responsibilities of the broker, you should

resolve those questions before proceeding.

INFORMATION ABOUT BROKERAGE SERVICES

In this transaction, KW Commercial is agent for Seller or Landlord only

BROKERAGE DETAILS QUADRUPLEX - FAIRMOUNT HISTORIC DISTRICT 1501 W MORPHY STREET FORT WORTH, TX 76104

sales price $225,000 / ($49.34 per sf) · shade trees occur in places throughout the district, but...

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