| Balanced Unit Mix of 22 one-bedroom and 14 two-bedroom units, averaging 625 and 781 square feet, respectively |
| Nine Income-Producing, Detached Garages Supporting Ancillary Income |
| Mark-to-Market Opportunity Validated by Rents Recently Achieved |
| Proforma Rents Proven-Out by Current Ownership, yielding ~$150/Month Rent Premiums Over Average In-Place Rents |
| Current Rents are Approximately 14.4% Below Peak Achieved In-Place Rents, Allowing New Ownership to Realize more than $65,000 in Gross Rent |
| Potential to Generate more than $1 million in Value Through Mark-to-Market Opportunity at 6.50% Cap Rate |
Adam Lewis
Marcus & Millichap