A 63 Unit Value-Add Apartment CommunityWest Vue Court Community Apartments

731 & 857 NE Alameda Ave * Roseburg * OR * 97470

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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus &Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to providesummary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not asubstitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income orexpenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence orabsence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financialcondition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this MarketingBrochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor hasMarcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & MillichapReal Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

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ACT ID ZAA0210533Broker of Record: Adam Lewis, OR 201209561

the INVESTMENT OVERVIEW

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EXECUTIVE SUMMARY

$4,775,000 63 Apartment Units1 Management Suite

MIX:45 – 2 Bed/1 Bath18 – 3 Bed/1 Bath1 Manager/Storage Suite W/ bathroom

VITAL DATA

Price $4,775,000 CURRENT PRO FORMA

Down Payment 30% /$1,432,000 CAP Rate 5.15% 8.18%

Loan Amount $3,342,500 GRM 10.04 7.61

Loan Type Proposed New Net Operating Income $245,707 $390,831

Interest Rate /Amortization

4.1% /30 Years

Net Cash Flow After Debt Service

3.62% / $51,896

13.75% /$197,020

Total Return 7.66% /$109,743

17.96% /$257,284

Price/SF $84.39

Number of Units 63

Year Built 1954,1965

Lot Size 5.07 acre(s)

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− Value-Add Investment with Pro Forma Cap Rate of 8.18%− Low Market Vacancy of 3.8%

− Single Story Garden Style Living− Two and Three Bedroom Units all w/ Hookups

− Low Density with Greenspace

Marcus & Millichap is pleased to present the opportunity to acquire bothWest Vue Court and Poplar Apartments, two adjacent apartment complexesin Roseburg, Oregon. The two properties total 63 units as well as anadditional large storage area with full bathroom. West Vue Court offers 50spacious two and three bedroom units, and Poplar Apartments is composedof 13 spacious two bedroom units. The entire property is comprised ofattractive single-story buildings in a low-density layout. Income can be grownsubstantially by bringing rents to market and instituting RUBS. All units havepatios and washer/dryer hookups. Various units have updatedflooring/carpeting and cabinets.

Roseburg is a stable, low-vacancy market at 3.8 percent in scenic and sunnysouthern Oregon. It is the county seat of Douglas County and central to allthings the Umpqua Valley has to offer. Roseburg itself is home to multiplewineries and breweries, as well as offering countless outdoor activitiesincluding hiking, fishing, cycling, golf and much more. Residents of Roseburgenjoy a mild climate and a small-town feel while still having access to big-cityamenities. The two properties offer residents spacious floor plans as well asample yard space.

the PROPERTY OVERVIEW

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P R O P E RT Y H I G H L I G H T S U N I T H I G H L I G H T S

-- Plentiful Mature Landscaping + Greenspaces

-- Sprinkler System

-- Multiple Playgrounds

- Walking Distance to School and Bus line

- Single Story Living

•- Washer/Dryer Hookups in Every Unit

•- Units Have Patios & Ample Greenspace

- Various Units Updated w/ New Flooring/Carpeting and Cabinets

the FINANCIAL SUMMARY

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FINANCIAL ANALYSIS

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