4632 S. Arlington Park Drive, Salt Lake City Utah Á INVESTMENT DRIVERS Solid Fourplex with potential for 32% total return Located in the 2nd most populated city in Utah Convenient to schools, shopping, outdoor recreation, and major freeways All units month to month leases 9 minutes away from Amazon s new $200 million dollar facility 2 O P OFFERING Price: $475,000 Down Payment: $95,000 Price Per Unit: $119,000 Price Per SF: $119.00 ASSET Number of Units: 4 Year Built: 1983 Square Feet: 4,000 Lot Size 0.24 Acres Zoning RM / R-4 UNIT MIX Unit Type 2 Bed / 2 Bath Square Feet Per Unit 1,000 Rent / Unit / Month $1,150 Rent / SF / Month $1.15 Total Rent Per Month $4,600 PROPOSED NEW LOAN Loan Type: First Trust Deed Loan Amount: $380,000 Interest Rate: 4.125% Annual Debt Service: $22,100 Monthly Payment: $1,842 m INCOME & EXPENSES Current Proforma* Gross Potential Rent $34,860 $55,200 Less: Vacancy 3.0% ($1,046) 3.0% ($1,656) Effective Gross Income $33,814 $53,544 Less: Property Taxes ($2,499) ($2,499) Insurance ($865) ($865) Maintenance ($1,569) ($1,569) Water / Sewer / Trash ($1,875) ($1,875) Total Expenses 20.1% ($6,808) 12.7% ($6,808) Cap Rate, NOI 5.69% $27,006 9.84% $46,736 Less: Debt Service ($22,100) ($22,100) Debt Coverage Ratio 1.22 2.11 Net Cash Flow (Yr 1) 5.16% $4,906 25.9% $24,636 Principal Reduction $6,548 $6,548 Total Return (Yr 1) 12.1% $11,454 32.8% $31,184 *Proforma assumes a $5,000 per unit renovation CONTACT Jereme Thaxton, AICP, LEED AP / Investment Advisor c: 801.998.8933 / o: 801.326-8915 jthaxton@ Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate 2121 S. McClelland St #201 Salt Lake City UT 84106
4632 S. Arlington Park Drive, Salt Lake City Utah N k TYPICAL INTERIOR PHOTOS CAPITAL EXPENDITURES Water Heater Furnace Pressure Regulator Roof Windows Fence Irrigation Asphalt Unit #1 2014 2011 2011 2011 2016 2013 2011 2012 Unit #2 2007 2013 2011 2011 2016 2013 2011 2012 Unit #3 2013 Newer 2011 2011 2016 2013 2011 2012 Unit #4 2008 2013 2011 2011 2016 2013 2011 2012
4637 S. 4800 W. Salt Lake City Utah Á INVESTMENT DRIVERS Solid Fourplex with potential for 32% total return Located in the 2nd most populated city in Utah Convenient to schools, shopping, outdoor recreation, and major freeways All units month to month leases 9 minutes away from Amazon s new $200 million dollar facility 2 O P OFFERING Price: $475,000 Down Payment: $95,000 Price Per Unit: $119,000 Price Per SF: $119.00 ASSET Number of Units: 4 Year Built: 1983 Square Feet: 4,000 Lot Size 0.21 Acres Zoning RM / R-4 UNIT MIX Unit Type 2 Bed / 2 Bath Square Feet Per Unit 1,000 Rent / Unit / Month $1,150 Rent / SF / Month $1.15 Total Rent Per Month $4,600 PROPOSED NEW LOAN Loan Type: First Trust Deed Loan Amount: $380,000 Interest Rate: 4.125% Annual Debt Service: $22,100 Monthly Payment: $1,842 m INCOME & EXPENSES Current Proforma* Gross Potential Rent $33,960 $55,200 Less: Vacancy 3.0% ($1,019) 3.0% ($1,656) Effective Gross Income $32,941 $53,544 Less: Property Taxes ($2,499) ($2,499) Insurance ($739) ($739) Maintenance ($1,570) ($1,570) Water / Sewer / Trash ($1,875) ($1,875) Total Expenses 20.4% ($6,683) 12.5% ($6,683) Cap Rate, NOI 5.53% $26,258 9.87% $46,861 Less: Debt Service ($22,100) ($22,100) Debt Coverage Ratio 1.19 2.12 Net Cash Flow (Yr 1) 4.38% $4,158 26.1% $24,761 Principal Reduction $6,548 $6,548 Total Return (Yr 1) 11.3% $10,706 32.9% $31,309 *Proforma assumes a $5,000 per unit renovation CONTACT Jereme Thaxton, AICP, LEED AP / Investment Advisor c: 801.998.8933 / o: 801.326-8915 jthaxton@ Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate 2121 S. McClelland St #201 Salt Lake City UT 84106
4637 S. 4800 W. Salt Lake City Utah N k TYPICAL INTERIOR PHOTOS CAPITAL EXPENDITURES Water Heater Furnace Pressure Regulator Roof Windows Fence Irrigation Asphalt Unit #1 NO DATE 2013 2011 ~ 10 Yrs 2016 2007 2011 2012 Unit #2 2003 2002 2011 ~ 10 Yrs 2016 2007 2011 2012 Unit #3 2015 2011 2011 ~ 10 Yrs 2016 2007 2011 2012 Unit #4 2010 2010 Original ~ 10 Yrs 2016 2007 2011 2012
4742 W. Arlington Park Drive, Salt Lake City Utah Á INVESTMENT DRIVERS Solid Fourplex with potential for 33% total return Located in the 2nd most populated city in Utah Convenient to schools, shopping, outdoor recreation, and major freeways All units month to month leases 9 minutes away from Amazon s new $200 million dollar facility 2 O P OFFERING Price: $475,000 Down Payment: $95,000 Price Per Unit: $119,000 Price Per SF: $119.00 ASSET Number of Units: 4 Year Built: 1983 Square Feet: 4,000 Lot Size 0.21 Acres Zoning RM / R-4 UNIT MIX Unit Type 2 Bed / 2 Bath Square Feet Per Unit 1,000 Rent / Unit / Month $1,150 Rent / SF / Month $1.15 Total Rent Per Month $4,600 PROPOSED NEW LOAN Loan Type: First Trust Deed Loan Amount: $380,000 Interest Rate: 4.125% Annual Debt Service: $22,000 Monthly Payment: $1,842 m INCOME & EXPENSES Current Proforma* Gross Potential Rent $33,240 $55,200 Less: Vacancy 3.0% ($997) 3.0% ($1,656) Effective Gross Income $32,243 $53,544 Less: Property Taxes ($2,499) ($2,499) Insurance ($655) ($655) Maintenance ($1,570) ($1,570) Water / Sewer / Trash ($1,875) ($1,875) Total Expenses 20.6% ($6,600) 12.4% ($6,600) Cap Rate, NOI 5.4% $25,643 9.9% $46,944 Less: Debt Service ($22,100) ($22,100) Debt Coverage Ratio 1.16 2.12 Net Cash Flow (Yr 1) 3.7% $3,543 26.1% $24,844 Principal Reduction $6,548 $6,548 Total Return (Yr 1) 10.6% $10,091 33% $31,392 *Proforma assumes a $5,000 per unit renovation CONTACT Jereme Thaxton, AICP, LEED AP / Investment Advisor c: 801.998.8933 / o: 801.326-8915 jthaxton@ Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate 2121 S. McClelland St #201 Salt Lake City UT 84106
4742 W. Arlington Park Drive, Salt Lake City Utah N k TYPICAL INTERIOR PHOTOS CAPITAL EXPENDITURES Water Heater Furnace Pressure Regulator Roof Windows Fence Irrigation Asphalt Unit #1 2014 2006 2011 2013 Original 2013 2011 2012 Unit #2 2000 2013 2011 2013 1 done-2016 2013 2011 2012 Unit #3 2000? 2008 2011 2013 Original 2013 2011 2012 Unit #4 2017 2013 2011 2013 2015 2013 2011 2012
4749 W. Arlington Park Drive, Salt Lake City Utah Á INVESTMENT DRIVERS Solid Fourplex with potential for 32% total return Located in the 2nd most populated city in Utah Convenient to schools, shopping, outdoor recreation, and major freeways All units month to month leases 9 minutes away from Amazon s new $200 million dollar facility 2 O P OFFERING Price: $475,000 Down Payment: $95,000 Price Per Unit: $119,000 Price Per SF: $119.00 ASSET Number of Units: 4 Year Built: 1983 Square Feet: 4,000 Lot Size 0.20 Acres Zoning RM / R-4 UNIT MIX Unit Type 2 Bed / 2 Bath Square Feet Per Unit 1,000 Rent / Unit / Month $1,150 Rent / SF / Month $1.15 Total Rent Per Month $4,600 PROPOSED NEW LOAN Loan Type: First Trust Deed Loan Amount: $380,000 Interest Rate: 4.125% Annual Debt Service: $22,100 Monthly Payment: $1,843 m INCOME & EXPENSES Current Proforma* Gross Potential Rent $34,560 $55,200 Less: Vacancy 3.0% ($1,036) 3.0% ($1,656) Effective Gross Income $33,524 $53,544 Less: Property Taxes ($2,451) ($2,451) Insurance ($837) ($837) Maintenance ($1,570) ($1,570) Water / Sewer / Trash ($1,875) ($1,875) Total Expenses 20.2% ($6,733) 12.6% ($6,733) Cap Rate, NOI 5.6% $26,791 9.85% $46,811 Less: Debt Service ($22,100) ($22,100) Debt Coverage Ratio 1.24 2.12 Net Cash Flow (Yr 1) 5.4% $5,156 26% $24,698 Principal Reduction $6,542 $6,542 Total Return (Yr 1) 12.3% $11,698 32.9% $31,240 *Proforma assumes a $5,000 per unit renovation CONTACT Jereme Thaxton, AICP, LEED AP / Investment Advisor c: 801.998.8933 / o: 801.326-8915 jthaxton@ Venture Multifamily Advisors KW Salt Lake City, Keller Williams Real Estate 2121 S. McClelland St #201 Salt Lake City UT 84106
4749 W. Arlington Park Drive, Salt Lake City Utah N k TYPICAL INTERIOR PHOTOS CAPITAL EXPENDITURES Water Heater Furnace Pressure Regulator Roof Windows Fence Irrigation Asphalt Unit #1 2015 2005 2013 2013 2016 2013 2013 2013 Unit #2 2007 2013 2013 2013 2016 2013 2013 2013 Unit #3 2009 2013 2013 2013 2016 2013 2013 2013 Unit #4 2004 2013 2013 2013 2016 2013 2013 2013