All information contained herein is from sources deemed reliable; however no representations or warranties are made to the accuracy or completeness thereof. All Rights Reserved.

Multifamily Investment Opportunity

1293 Marcy Street Atlanta, GA 30315

Marcy Street Apartments

Frederick LusterFreddyLuster@redrockglobal.net(404) 379-1970

Michael Tabbmtabb@redrockglobal.net(404) 815-1819

www.redrockglobal.net

Property Overview

Marcy Street Apartments is a fully renovated 16 unit apartment community located just south of downtown in Historic South Atlanta. The two-building property is conveniently located off of Interstate 75/85 in the McDonough Blvd – Jonesboro Road corridor between downtown Atlanta and Lakewood.

Price $320,000 ($20,0000 per unit)

Property Highlights

16) 1 bedroom, 1 bath units Completely renovated in 2010/2011 All new mechanicals, windows, doors, fixtures and

appliances Units are all electric Fully occupied with solid historical performance

Average Rents $475

Year Built 1950

Stories/Units 2/16

Building Size 24,394 SF

Parcel Size .56 Acres

Zoning R5

Construction Masonry construction throughout

Utilities Electric is separately metered, landlord provides water

Multifamily Investment Opportunity

1293 Marcy Street Atlanta, GA 30315

Marcy Street Apartments

All information contained herein is from sources deemed reliable; however no representations or warranties are made to the accuracy or completeness thereof. All Rights Reserved.

Multifamily Investment Opportunity

1293 Marcy Street Atlanta, GA 30315

Marcy Street Apartments

All information contained herein is from sources deemed reliable; however no representations or warranties are made to the accuracy or completeness thereof. All Rights Reserved.

Marcy Street Apts Financial Summary

2013 Income and Expenses (Actual)

INCOME

Rent Income $ 64,350.00

Adminstration fee $ 1,170.00

Application fee $ 275.00

Late Fee $ 400.00

Gross Income Colleted $ 66,195.00

ANNUALIZED EXPENSES PER UNIT Real Estate Taxes $ 1,506.66 $ 94.17 Property and Sewer TaxInsurance $ 2,950.00 $ 184.38 Electricity (Common Areas) $ 470.80 $ 29.43 Water $ 3,865.00 $ 241.56 Sewer $ 2,891.00 $ 180.69 Sanitation $ 1,185.60 $ 74.10 Maintenance - Supplies $ 5,233.00 $ 327.06 Maintenance - Labor $ 6,900.00 $ 431.25

Landscaping $ - $ - Trade with tenant

Management (Assumed at

8%) $ 5,295.60 $ 330.98 Owner managed

TOTAL OP. EXPENSES $ 30,297.66 $1,893.60

Operating Expense % 47%

NOI $ 34,052.34

Multifamily Investment Opportunity

1293 Marcy Street Atlanta, GA 30315

Marcy Street Apartments

All information contained herein is from sources deemed reliable; however no representations or warranties are made to the accuracy or completeness thereof. All Rights Reserved.