FOR SALE - INCOME PRODUCING CONDOMINIUM COMMUNITY 1711 ENFIELD - AUSTIN, TEXAS CONDO UNITS

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1 FOR SALE - INCOME PRODUCING CONDOMINIUM COMMUNITY 1711 ENFIELD - AUSTIN, TEXAS CONDO UNITS

2 ADDRESS: 1711 Enfield: Austin, Texas Price: $2,979,000 NUMBER OF UNITS: 10 Approximate Total Square Footage of Building: 7, added sq.ftage. Each upstairs unit upgrade adds 200ish sq.ft. Add 1746 sqft more (enclose attics for 2 nd master spa bathroom & walkin closet & 2 possible units (930sqft) UNIT CONFIGURATION: INCOME PRODUCING CONDOMINIUM COMMUNITY Downstairs: 2 units in front/3 units in back Have fireplaces(except101),washers & dryers, dishwashers, 10 ft. ceilings down and ceiling fans. Approx square feet with varyingfloorplans.upstairs:1plusloft;remodel will have 2 br/2ba;master will have spa feel w fulltub+shower;9-17ftceilings;walkincloset.1 st floorisstudy/bedroom.approx900to1200sq.ft. BREAKDOWN OF UNITS: One bedroom/one bath ( sq.feet) 5- One bedrooms PLUS a Flex Loft Upstairs. Units vary from 808 square feet square feet depending on unit NOTE: Not verified- The units to the back of the community appear to be slightly larger that the front 4 units. FAST FACTS: Tenants pay electric, water, trash Insurance: $4,680+- Taxes: $22, Travis County Tax Rate Property Built in 1985 Zoned- MF3

3 Unit No ENFIELD - AUSTIN, TEXAS Rents and Deposits Sq. Footage (Approx.) Bed/Bath Rent/Mo. Deposit 101 Hardwood Fl 656 sq. ft. 1/1 $ 1,675+$134 util. $ sq. ft. 1/1 $ 1295+$76 util $ sq. ft. 1/1 $ $84 util $ Hardwood 688 sq. ft. 1/1 Being remodeled Being remodeled 105 mo-hardwood 656 sq. ft. 1/1 $ $79 util. $ sq. ft. 1/1 +loft sq. ft. 1/1 + loft $1475+$99 $1475 $ $91 util. $ 1, sq. ft. 1/1 + loft $ 1,171 + $64 util. $ sq. ft. 1 + loft+ 2 bath Vacant remodeling new master bedroom & full bath up/expanding sq. footage $2395-$ sq. ft. 1/1 + loft $ $99util. $ 1695

4 Unit Current Rent Lease Renewal s CURRENT RENT & PRO FORMA Current Mkt. Rate Possible Rent After Remodel 101 $ /30/2016 $1895 $ $ /31/2015 $1375 $ $1345 7/31/2015 $1375 $ Remodeling $1895 $1975 Remodeling 105 $ /30/2015 $1495 $1975 (has hardwoods already) 201 $1475 1/31/2017 $1575 $2395 to $3295 (1 Bed/2 Bath+Study Project. Sq. Ft ) (Now 1-1+Loft) 202 $1395 8/31/2016 $1475 $2395-$3295 (1 Bed/2 Bath+Study Projected Sq. Ft ) (Now 1-1+Loft) 203 $1171 3/31/2016 $1475 $2395-$3295 (1 Bed/2 Bath+Study Projected Sq. Ft ) (Now Loft) 204 Remodeling Remodeling $ $3295 $2395-$3295 Remodeled 1 BR + Study 2 full bath 1000+sq ft.; Full Master suite, Luxury Master Bath walk in closet 205 $1695 3/31/2016 $1875 $2395-$3295(2Bed/2Bath) ProjectedSq.Ft bed-1ba+loft

5 1711 ENFIELD - AUSTIN, TEXAS Interior Improvements to Units Unit # 101 has been totally remodeled. See list below. Decorative Improvements to Unit # 101 New Stainless Steel Samsung Dishwasher, Electric Stove and Microwave New Full Sized Samsung Washer and Dryer New Brushed Nickel Ceiling Fans and Track Lighting in Living Area including Recessed Lighting New 2 Window Blinds New Brushed Nickel Hardware New Granite Countertops in Kitchen Other Improvements to Unit #101 Full sized laundry room and walk in master closet Hand-scraped Brazilian cherry wood floors Travertine surround on tub, travertine flooring in bath, laundry and bedroom closet Tank less hot water heater New interior doors including 8 ft. door into master suite New kitchen cabinetry New tall baseboard trim with contemporary squared edge

6 1711 ENFIELD - AUSTIN, TEXAS Interior and Exterior Improvements Other Interior and Exterior Improvements Units # 101, 103, 205 have had new bathtubs. Most units have new bathroom plumbing fixtures. Units #101, 102, 103, 105, 205 had new floor tile, hardwoods and/or painted concrete. Unit # 101, 102, 105 had water heater replaced. Units # 101, 102, 103, 105, 205 have been repainted. Unit # 205 has had a new HVAC unit installed. Most units have had new disposals and kitchen faucets. Exterior Improvements include New 50 year Impact Resistant Roof, Extensive Tree Trimming, Exterior Repainting and Stairwells updated to meet City of Austin new code requirements

7 1711 ENFIELD - AUSTIN, TEXAS Interior Improvements Kitchen Remodel

8 Financing Options: Conventional, Cash or Owner Financing. Options on Owner Financing upon Request The information contained in any written marketing materials is furnished by the Realtor, Owner and/or Seller to the best of their knowledge, but is subject to verification by the purchaser. Realtor, Owner, and/or Seller assume no responsibility for correctness there of. The sale offering is made subject to errors, omissions, change of floor plan, prior sale or withdraw without notice. In all cases, Buyers must satisfy themselves. This property is offered without regard to race, color, religion, sex, handicap, familial status, or national origin. Information deemed reliable, but not guaranteed.