2 nd Street. FOR SALE 2 nd Street Condominiums E. 2 nd Street Tucson, AZ MULTIFAMILY. Property Features

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1 2 nd Street Property Highlights Property Location Number of Units 16 Sale Price $1,080,000 Year Built 1958/ Recently Renovated Rentable Square Feet 18,000 Land ~0.91 Acres CAP Rate 6.85% Property Features Below Market Rents All Two Bedroom/ One Bath Units Turn-Key investment Ample parking Spacious layouts Laundry facility 2 parking spaces per unit Central location Condominium units Several units have been upgraded Strong historical financials For more information, please contact:

2 SUBJECT Location Overview is located just west of the intersection of Alvernon Way and East 2nd Street in central Tucson. The property is less than 2 miles east of the University of Arizona and lies in the prestigious Miramonte neighborhood. With bus and bike paths, this complex could be marketed for incoming students. Nearby shopping and employment centers include the recently renovated EL Con mall with a 20 screen movie theatre, Home Depot, Target, and more. Broadway Blvd and Speedway Blvd lying to the South and North of the property are major East West throughways offering extensive shopping and employment. Recreational offerings include Reid Park which is ½ mile to the south of the property and includes an 18 hole golf course, community center, the Randolph tennis center and the Reid Park Zoo.

3 Property Photos For more information, contact: Multifamily Investments Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

4 Property Photos For more information, contact: Multifamily Investments Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

5 Property Photos For more information, contact: Multifamily Investments Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

6 ProForma TYPE INCOME STATEMENT # OF UNITS SQ. FT. TOTAL S.F. RENT PER S.F. MARKETING PROFORMA PROFORMA PER UNIT PROFORMA PSF 2017 ANNUALIZED RENTAL INCOME Gross Market Rent $126,000 $9.84 Vacancy Loss ($9,450) -7.50% ($0.74) Gross Rent $116,550 $9.11 Concessions & Bad Debt ($2,331) -2.00% ($0.18) Net Rental Income $114,219 $8.92 $107,982 Other Income $500 $0.04 $294 TOTAL INCOME $114,719 $8.96 $108,276 OPERATING EXPENSES Repairs, Maintenance & Supplies $7,200 $450 $0.56 $2,808 General & Admin $1,000 $63 $0.08 Contract Services $1,200 $75 $0.09 $1,160 Utilities $9,700 $606 $0.76 $9,618 TOTAL VARIABLE $19,100 $1,194 $1.49 $13,586 Property Taxes $7,411 $463 $0.58 $7,411 Property Insurance $3,000 $150 $0.23 $3,153 Management Fee $8, % $0.63 $8,616 Reserves $3,200 $200 $0.25 TOTAL EXPENSES $40,741 $2,546 $3.18 $32,766 NET OPERATING INCOME $73,978 $5.78 $75,510 TOTAL MONTHLY RENT STABILIZED RENT 2 BD/1 BA ,800 $0.78 $6,875 $625 2 BD/1 BA (Renovated) ,000 $0.91 $3,625 $725 TOTAL/AVG ,800 $0.82 $10,500 $656 STABILIZED MARKET VALUATION Value $1,080,000 Per Unit $67,500 Per Sq. Ft. $84.38 Cap Rate Mktg Proforma 6.85%

7 Aerial Map SUBJECT