4 UNIT MULTIFAMILY INVESTMENT PROPERTY 653 S 800 E, Salt Lake City, UT

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1 4 UNIT MULTIFAMILY INVESTMENT PROPERTY 653 S 800 E, Salt Lake City, UT Á ^ INVESTMENT DRIVERS Offers investors a 7.3% Cap Rate / 17.6% Return in a trophy 9th & 9th location Upside through renovation; Unit D = proof of concept with top rents in place Current Rents: $1.56 per sf per month in Unit D vs $0.67 per sf per mo in Unit C Upside with new management; charging for washer/dryer, parking, etc Utility reimbursement program implimented in Unit D at $55 per month Convenient to the University of Utah (<1 mile), nightlife and downtown SLC Upside potential through adding assigned covered parking Considered one of the best locations in SLC giving investors fast appreciation LOCATION 2 O P OFFERING Price: $650,000 Price Per Unit: $162,500 ASSET Number of Units: 4 Year Built: 1916 Total Square Feet: 3,591 SF Lot Size:.19 Acres Zoning: RMF 35 Exterior

2 N k PHOTOS Unit D - Bathroom Unit D - Bedroom Unit D - Kitchen / Living Room Unit D - Washer/Dryers Included

3 N k PHOTOS Unit A - Bedroom/Office Unit A - Living Room / Fireplace Unit B - Bathroom Unit B - Kitchen

4 m INCOME & EXPENSES Price $650,000 Down Payment 20% $130,000 Loan Amount 80% $520,000 Interest Rate / Year 4.75% Amortization Period (Years) 30 Annual Debt Service $32,551 Operating Income Trailing 12 Months Proforma Annual Gross Potential Rent $44,099 $58,140 Physical Vacancy 0.0% $0 3.0% ($1,744) Other Income - Washer/Dryer Rental $0 $0 $40 $1,920 Other Income - Covered Parking $0 $0 $40 $1,920 Other Income - Utility Income $0 $0 $60 $2,880 Effective Gross Income (EGI) $44,099 $63,116 Operating Expenses Per Unit % of EGI Per Year Per Unit % of EGI Property Taxes $ % $3,607 $ % $3,607 Property Insurance $ % $997 $ % $997 Repairs & Maintenance $ % $1,346 $ % $1,346 Supplies $ % $213 $ % $213 Landscaping $ % $595 $ % $595 Utilities: Gas $ % $1,047 $ % $1,047 Utilities: Electricity $ % $391 $ % $391 Utilities: Water & Sewer $ % $1,065 $ % $1,065 Utilities: Trash $ % $266 $ % $266 Property Management Fee (7% EGI) Self Managed $1, % $4,418 Legal $ % $405 $ % $405 Administrative $ % $285 $ % $285 Reserves for Replacements $0 0.00% $0 $ % $1,000 Total Operating Expenses 23.17% ($10,216) 24.77% ($15,635) Cap Rate, Net Operating Income 5.21% $33, % $47,481 Less: Debt Service ($32,551) ($32,551) Debt Coverage Ratio 1.46 Cash on Cash, Net Cash Flow 1.02% $1, % $14,930 Principal Reduction (year 1) $8,024 $8,024 Total Return w/ Principal Reduction 7.20% $9, % $22,954

5 Ó Ô UNIT MIX Floorplan Square Feet Quality Effective Age Lease Start Date Lease End Date Lease Status Refundable Deposits Unit A 2 Bed/1 Bath 996 B 10 yrs 8/4/17 9/30/18 Current $ Unit B 1 Bed/1 Bath 845 A- 3 yrs 8/8/16 7/31/18 Current $ Unit C 2 Bed/1 Bath 1050 B- 15 yrs 5/15/11 4/30/18 Mo-to-Mo $ Unit D 1 Bed/1 Bath 700 A- 3 yrs 6/1/18 5/30/19 Current $ Total 3591 $1, RENT ROLL Current Proforma* Base Rent Rent / SF Utility Income Total Rent Base Rent Rent / SF Utility Income Wash/Dry Parking Total Rent Unit A $ $0.87 $27.00 $ $1, $1.26 $60.00 $40.00 $40.00 $1, Unit B $1, $1.18 $21.00 $1, $1, $1.42 $60.00 $40.00 $40.00 $1, Unit C $ $0.67 $ $1, $1.24 $60.00 $40.00 $40.00 $1, Unit D $1, $1.56 $55.00 $1, $1, $1.56 $60.00 $40.00 $40.00 $1, Total $3, $ $3, $4, $ $ $ $5, CAPITAL EXPENDITURES Appliances Boiler Windows Roof Flooring Water Heaters Doors/Trim Irrigation Unit A Unit B Unit C Unit D CONTACT Jereme Thaxton, AICP, LEED AP / Managing Principal Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate c: / o: jthaxton@ *Proforma Assumptions -Add professional management, bill tenants for Water/Sewer/Trash/Laundry -Invest approx $7k into Unit A and $6k into Unit C for light upgrades -Add covered parking -Estimated time to implement: 1-2 months depending on contractor availability