MADISON COMMERCIAL Properties, LTD. $2,250,000

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1 MADISON COMMERCIAL Properties, LTD. $2,250,000 Investment Highlights: Great location in Denver s premier Capitol Hill neighborhood Two blocks from Cheesman Park Features include renovated kitchens & spacious walk-in closets Common area porches and balconies 5 Off-Street parking spaces units (1 bd/1ba) $187,500/unit Central Denver Multifamily Experts

2 Financial Highlights: UNIT MIX AND AVERAGE RENT SCHEDULE # Units Unit Type Avg SqFt Avg Current Rent Avg Proforma Rent 1Br/1Ba $1,065 $1,5 PROPERTY DESCRIPTION OPERATING DATA Units: INCOME Current Proforma Year Built: 1911 Gross Annual Rent: $153,300 $162,000 Building Size (SqFt): 7,395 Vacancy Allowance: (3%) ($4,599) ($4,860) Lot Size (SqFt): 6,250 Net Rental Income: $148,701 $157,140 Roof: Sloped Other Income: $8,143 $8,143 Heat: Modern Steam Boiler Effective Gross Income: $156,844 $165,283 Parking Spaces: 5 Off-Street INVESTMENT SUMMARY ESTIMATED EXPENSES Current Proforma Taxes $9,276 $9,276 Insurance $4,022 $4,022 Gas & Electric $6,563 $6,563 Water & Sewer $3,079 $3,079 Trash $3,564 $2,460 Price: $2,250,000 Maintenance $11,245 $9,000 Price/Unit: $187,500 Management $2,546 $8,264 Price/SqFt: $ Wi-fi & phone $899 $899 Admin/Misc $284 $500 Total Expenses: $41,478 $44,063 Expense/Unit: $3,457 $3,672 PROPOSED FINANCING Loan Amount: $1,575,000 Down Payment: $675,000 Net Operating Income (NOI) $115,366 $1,220 FINANCIAL ANALYSIS Interest Rate: 3.60% Current Proforma Monthly Payment: $7,161 NOI: $115,366 $1,220 5-Year Rate Quote from Chase Bank Projected Debt Service: ($85,928) ($85,928) Before Tax Cash Flow: $29,438 $35,292 CAP Rate: 5.1% 5.4% Cash-on-Cash Return: 4.4% 5.2% Principle Reduction (yr. 1): $29,715 $29,715 Total Return: 8.8% 9.6% Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the Seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the Seller. Please do not tell us any information that you do not want shared with the Seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.

3 Property Highlights: Prime location in Denver s Capitol Hill neighborhood Secured-entry building Updated mechanical systems: - Weil-McLain boiler - Bradford White water heaters - Square D breaker panels Turn-key condition Abundent dining and cafe options within walking distance Bike Score = 98 Walk Score = 86

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5 1444 Lafayette - Apts RENT ROLL SUMMARY Quantity Type Bed, Totals Sqft 6,600 Current $1,065 $,775 Pro Forma $1,5 $13,500 Sqft 6,600 Current $1,010 $1,025 $1,015 $1,040 $1,050 $1,5 $1,050 $1,095 $1,150 $1,095 $1,075 $1,045 $,775 Pro Forma $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $1,5 $13,500 RENT ROLL DETAIL Unit Type Bed, Bed, Bed, Bed, Bed, Bed, Bed, Bed, Bed, Bed, Bed, Bed, Expiration 8/31/16 8/31/16 6/30/16 1/5/17 9/30/16 9/11/16 10/31/16 4/16/17 9/30/16