COMMENTS:

Building consists of 2 retail units and 24 residential units (16 studios and 8 one bedroom).  Building is situated in the CBD zone and totals over 20,000 s/f.  Building is well located near shopping, employment and Highways (I-84 and Route8).

Investment Highlights                                                  Property Summary

Price                                 $850,000                            Number of units                  26

Price per unit                     $33,692                              Year constructed                1990

Gross rent multiplier           4.22                                    Type of building                  5 story walk-up

Proposed loan amount       $595,000                             Parking                              On-street

Initial investment                $255,000                              Heat                                  Steam-gas / Owner pays

Interest rate                       7%                                       Air conditioning                  Window units by Tenant

Amortization                      25                                        Hot water                           Gas / Owner pays

Monthly loan payment       $4,225                                 Roof                                   Rubber membrane

                                                                                     Exterior                               Brick

                                                                                     Site Size                              0.13 acres

                                                                                     Square footage                    20,000 +/-

NET OPERATING INCOME:  $97,024

11.4% CAP RATE

ASKING:  $850,000

CONTACT:  NICK LONGO