16 UNIT PORTFOLIO - 3 CORNER PROPERTIES 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR

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1 M U LT I F A M I LY P R O P E R T Y F O R S A L E 16 UNIT PORTFOLIO - 3 CORNER PROPERTIES 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PRESENTED BY: AJ NASH aj@legacyre.com Licensed Principal Broker in Oregon 925 Commercial St. SE, Suite 220 Salem, OR 97302

2 1 PROPER TY INFORMATION 925 Commercial St. SE, Suite 220 Salem, OR 97302

3 1 P R O P E R T Y I N F O R M AT I O N EXECUTIVE SUMMARY 16 Unit Portfolio - 3 Corner Properties OFFERING SUMMARY Sale Price: Number Of Units: Cap Rate: NOI: 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PROPERTY OVERVIEW $1,400, % Two 4-Plex's and One 8-Plex make up this 16 Unit MultiFamily Sale. Each property located within a stone's throw of each other and each occupying valuable corner lots close in to Salem Central. Each property is 100% occupied and located near Salem Hospital, McCulloch Stadium, Willamette University and the heart of Salem's culture, food, and entertainment. Room mix is 6 Studios, Eight 1-Bedrooms, and Two 2-Bedrooms. Rent Roll and Financials available upon request. Showing instructions are to contact Listing Broker and please do not disturb tenants. $80,623 PROPERTY HIGHLIGHTS Available SF: 0 SF 3 Property Portfolio For Sale Mix of Unit Sizes Lot Size: Building Size: 0.43 Acres 9,385 All 100% Occupied Each Centrally Located in the Heart of Downtown Salem Great Location Zoning: Price / SF: RM $ Pride of Ownership Many Upgrades to Apartments/Bathrooms Quiet Neighborhoods Near Salem Hospital Close to Willamette University & McCulloch Stadium 6 Studios Eight 1-Bedroom Two 2-Bedrooms $87,500 Per Unit PAGE: 3

4 1 P R O P E R T Y I N F O R M AT I O N COMPLETE HIGHLIGHTS 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR SALE HIGHLIGHTS 3 Property Portfolio For Sale Mix of Unit Sizes All 100% Occupied Each Centrally Located in the Heart of Downtown Salem Great Location Pride of Ownership Many Upgrades to Apartments/Bathrooms Quiet Neighborhoods Near Salem Hospital Close to Willamette University & McCulloch Stadium 6 Studios Eight 1-Bedroom Two 2-Bedrooms $87,500 Per Unit PAGE: 4

5 1 P R O P E R T Y I N F O R M AT I O N ADDITIONAL PHOTOS 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PAGE: 5

6 1 P R O P E R T Y I N F O R M AT I O N ADDITIONAL PHOTOS 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PAGE: 6

7 1 P R O P E R T Y I N F O R M AT I O N ADDITIONAL PHOTOS 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PAGE: 7

8 2 FINANCIAL ANALYSIS 925 Commercial St. SE, Suite 220 Salem, OR 97302

9 2 FINANCIAL ANALYSIS FINANCIAL SUMMARY 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR INVESTMENT OVERVIEW 16 UNIT PORTFOLIO MULTIFAMILY - 3 PROPERTIES Price $1,400,000 Price per Unit $87,500 GRM 11.7 CAP Rate 5.8% Cash-on-Cash Return (yr 1) 5.76 % Total Return (yr 1) $80,623 Debt Coverage Ratio - OPERATING DATA 16 UNIT PORTFOLIO MULTIFAMILY - 3 PROPERTIES Gross Scheduled Income $120,180 Other Income $800 Total Scheduled Income $120,980 Vacancy Cost $3,605 Gross Income $117,374 Operating Expenses $36,750 Net Operating Income $80,623 Pre-Tax Cash Flow $80,623 PAGE: 9

10 2 FINANCIAL ANALYSIS INCOME & EXPENSES 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR INCOME SUMMARY 16 UNIT PORTFOLIO MULTIFAMILY - 3 PROPERTIES PER UNIT Gross Income $117,374 $7,335 EXPENSE SUMMARY 16 UNIT PORTFOLIO MULTIFAMILY - 3 PROPERTIES PER UNIT Insurance $3,573 $223 Management $6,009 $375 Landscape/Msc $6,400 $400 Taxes $8,814 $550 Electric $2,670 $166 Gas $3,216 $201 Water/Sewer $4,415 $275 Garbage $1,652 $103 Gross Expenses $36,750 $2,296 Net Operating Income $80,623 $5,038 PAGE: 10

11 2 FINANCIAL ANALYSIS RENT ROLL 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR UNIT NUMBER UNIT BED UNIT BATH UNIT SIZE (SF) CURRENT RENT CURRENT RENT (PER SF) MARKET RENT MARKET RENT/SF th St NE $525 $1.45 $575 $ th St NE $635 $0.87 $795 $ L 14th St NE $680 $1.23 $750 $ U 14th St NE $675 $0.88 $795 $ Court St NE $580 $1.69 $625 $ L Court St NE $585 $1.29 $695 $ U Court St NE 1 1 1,508 $750 $0.50 $850 $ Court St NE $825 $1.49 $895 $ th St SE $525 $1.35 $595 $ th St SE $600 $1.33 $695 $ th St SE $600 $1.40 $695 $ Bellevue St SE $800 $1.10 $895 $ #A 14th St SE $650 $0.72 $825 $ #B 14th St SE $600 $1.24 $750 $ #C 14th St SE $485 $1.80 $550 $ #D 14th St SE $500 $1.08 $700 $1.51 Totals/Averages 9,385 $10,015 $1.07 $11,685 $1.41 PAGE: 11

12 2 FINANCIAL ANALYSIS UNIT MIX SUMMARY 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR UNIT TYPE COUNT % TOTAL Studio One Bedroom Two Bedroom Totals/Averages % PAGE: 12

13 2 FINANCIAL ANALYSIS DEMOGRAPHICS MAP & REPORT 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR POPULATION 1 MILE 2 MILES 3 MILES Total population 14,873 47,661 97,311 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 5,884 17,663 36,801 # of persons per HH Average HH income $45,861 $47,072 $48,491 Average house value $163,902 $169,671 $183,272 * Demographic data derived from 2010 US Census PAGE: 13

14 2 FINANCIAL ANALYSIS OAR DISCLOSURE 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PAGE: 14

15 2 FINANCIAL ANALYSIS OAR DISCLOSURE 16 Unit Portfolio - 3 Corner Properties 16 Unit Multifamily Portfolio - 3 Properties, Salem, OR PAGE: 15