1 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

O F F E R I N G M E M O R A N D U M

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

BRAUN APARTMENT GROUP

EXCLUSIVELY PRESENTED BY

719 E. ROESER ROAD | PHOENIX, ARIZONA 85040

THE ONYXAPARTMENTS

2 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

OFFERING SUMMARY

PRICE: $3,000,000

PRICE/UNIT: $150,000

PRICE/FOOT: $214.29

TERMS: Cash to New Loan

3 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PROPERTY SUMMARY

Apartment Community The Onyx Apartments

Address 719 E. Roeser RoadPhoenix, Arizona 85040

Number of Units 20

Year Completed 1985

Net Rentable Square Feet ±14,000 SF

Average Unit Size ±700 SF

Number of Buildings 5

Number of Floors Two

Parcel Size ±1 Acre

Site Density ±20 Units per Acre

THE OFFERING

Covered Spaces 0

Uncovered 28

Total Parking Spaces 28

Parking Ratio 1.4 Spaces per Unit

PARKING BREAKDOWN

Tax Parcel Number 113-56-005H

Zoning C-2

High School District Phoenix Union

Elementary School District Roosevelt ESD

ASSESSOR/PARCEL INFORMATION

Building Type Garden

Construction Type Wood Frame & Stucco

Foundation Type Concrete

Roofs Pitched/Shingle

Parking Surface Asphalt

HVAC Individual Units

Electrical Individually Metered

Hot Water Individual Domestic Hot Water (Electric)

Plumbing Copper

Wiring Copper

Life Safety Smoke Detectors in Apartment Interiors &Fire Extinguishers on Building Exteriors

CONSTRUCTION + MECHANICAL

Electric Salt River Project

Water City of Phoenix

Sewer City of Phoenix

Trash City of Phoenix

Phone Cox or Century Link

Cable Cox, DIRECTV or Dish Network

Internet Cox or CenturyLink

UTILITIES

4 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

OFFERING AMENITIES

COMMUNITYAMENITIES » Sparkling Swimming Pool

» Dog Park

» Spacious Outdoor Areas

» Vehicular Gating

» Laundry Room

» Mail Room

» Enclosed Trash Recepticles

FLOOR PLANAMENITIES » 8ft Ceilings

» Private Balconies and Patios

» Dishwasher

» Microwave

» Electric Kitchen with Gas Range

» Modern Appliances

» Coffered Ceiling

» Garbage Disposal

» Vertical Blinds

» Pantry

» Cable Ready

» Faux Wood & Tile Floors/ Carpet (Bedrooms)

» Ceiling Fan(s)

» Extra Storage

» Individual Air/Heating

5 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

BROADWAY RD.

SOUTHERN AVE.

BUCKEYE RD.

7TH

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.

7TH

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16T

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24T

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32N

D S

T.

FUT

UR

E L

IGH

T R

AIL

LIGHT RAIL

6 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

PROFORMAProforma OOnnyyxx

771199 EE.. RRooeesseerr RRdd PPhhooeenniixx,, AArriizzoonnaa 8855004400

## ooff UUnniittss SSiizzee MMaarrkkeett RReennttYYeeaarr 11

AAnnttiicciippaatteedd RReenntt

10 700 979$ 1,039$ 10 700 1,029$ 1,079$ 20 700 1,004$ 1,059$

240,960$ 254,160$

IInnccoommee SSuummmmaarryyGPRI/Economic Rent 240,960$ 12,048$ 254,160$ 12,708$ Less: Vacancy Loss (12,048)$ (602)$ 5% (12,708)$ (635)$ 5%Less: LTL/BD/Sync w T12 (2,410)$ (120)$ 1% (2,542)$ (127)$ 1% NNeett RReennttaall IInnccoommee 226,502$ 11,325$ 6% 238,910$ 11,946$ 6%RUBS 12,686$ 634$ 14,400$ 720$ Laundry/ Misc. Income 6,200$ 310$ 6,200$ 310$

TToottaall OOtthheerr IInnccoommee 18,886$ 944$ 20,600$ 1,030$ EEffffeeccttiivvee GGrroossss IInnccoommee ((EEGGII)) 245,388$ 12,269$ 259,510$ 12,976$

EExxppeennssee SSuummmmaarryyUtility Expense 19,000$ 950$ 8% 19,000$ 950$ 8%R&M/Contract/Turnover 10,000$ 500$ 4% 10,000$ 500$ 4%Payroll/Marketing 15,500$ 775$ 6% 15,500$ 775$ 6%Management 7,229$ 361$ 2.9% 7,229$ 361$ 2.6%Insurance 4,644$ 232$ 2% 4,644$ 232$ 2%Property Taxes 4,925$ 246$ 2% 4,925$ 246$ 2%Administrative 2,000$ 100$ 1% 2,000$ 100$ 1%

EExxppeennsseess BBeeffoorree RReesseerrvveess 63,298$ 3,165$ 26% 63,298$ 3,165$ 25%

Replacement Reserves 5,000$ 250$ 2% 5,000$ 250$ 2%TToottaall EExxppeennsseess 68,298$ 3,415$ 28% 68,298$ 3,415$ 27%

NNeett OOppeerraattiinngg IInnccoommee 177,090$ 8,855$ 72% 191,212$ 9,561$ 73%

Total/Avg:

MMaarrkkeett RReenntt YYeeaarr 11 AAnnttiicciippaatteedd RReenntt

Gross Annual Total

UUnniitt TTyyppee

2Bed/1Bath UP2Bed/1Bath DOWN

7 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

CITY OF PHOENIX

INFORMATION COURTESY OF PHOENIX.GOV , AZCOMMERCE.COM AND BEA.GOV

33.5MEDIAN AGE

31.3%*ASSOCIATES DEGREE

OR HIGHER*

$57,957MEDIAN HOUSEHOLD

INCOME

1,731,300 PHOENIX

POPULATION

$249,900MEDIAN HOME

SALE PRICE

2.5M WORKFORCE POPULATION WITHIN A 30-MINUTE DRIVE

5TH LARGEST CITY IN THE

UNITED STATES

3RD LARGEST FASTEST

GROWING ECONOMY

South Mountain Fwy.

LukeAFB

Scottsdale

Phoenix Sky Harbor International Airport

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Grand Ave.

Papago Fwy.

Maricopa Fwy.

Superstition Fwy.

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Red Mountain Fwy.

Pima .ywFAgua Fria Fwy.

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MAIN ST.APACHE TRAIL

UNIVERSITY DR.

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PEORIA AVE.

CACTUS RD.

SHEA BLVD.

CAMELBACK RD.

INDIAN SCHOOL RD.

THOMAS RD.

MCDONALD DR.

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44TH

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BELL RD.

GREENWAY RD.

PINNACLE PEAK RD.

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Educational, Healthcare & Social Assistance, 19.60%

Professional, Scientific & Administration, 14.20%

Retail Trade, 11.60%

Art, Entertainment, Food Recreation , 10.50%

Finance, Insurance & Real Estate, 9.70%

Construction, 7.60%

Manufacturing, 7.20%

Other Services, Except Public Administration, 5.40%

Transportation, Warehousing & Utilites, 5.10%

Public Administration, 3.80%

Wholesale Trade , 2.60% Information, 2.00%

Agriculture & Mining , 0.50%

PPhhooeenniixx EEmmppllooyymmeenntt BByy IInndduussttrryy

8 | The Onyx ApartmentsInformation contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Todd BraunPrincipal602.474.9550tbraun@leearizona.comwww.braunapartmentgroup.com

3200 E. Camelback Road, Suite 100Phoenix, AZ 85018

602.956.7777www.leearizona.com

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

BRAUN APARTMENT GROUP

EXCLUSIVELY PRESENTED BY

719 E. ROESER ROAD | PHOENIX, ARIZONA 85040

THE ONYXAPARTMENTS