Investment Highlights: 6.07% at asking price with flexibility to work towards a 7% cap rate depending on acquisition price Rare Opportunity to acquire a portfolio totaling 18-units with a desirable Unit mix. OWNERSHIP WILL CONSIDER SELLER FINANCING. For further information, communications with the listing agent and an executed CA will be required. Prospective Purchasers are encouraged to visit the subject properties prior to submitting offers. However, all property tours must be arranged with the exclusive Dreznin Pappas Commercial Real Estate agents. At no time shall the tenants, on-site management or staff be contacted without prior approval. • Per ownership, Unit mix is as follows * (8) Two Bedroom / Two Bath units * (8) Two Bedroom / One Bath units * (2) One Bedroom / One Bath units This is a value-add opportunity based on current rents and capitalizing on the gap between in-place and market rates. They Don't make them like this anymore! Trophy Assets with Strong Historic Occupancy Rates and Significant Upside Potential with Implementing Modern Interior Cosmetic Updates The possibility to increase income through storage units onsite exists as well. Coin Operated Laundry Onsite (owned machines) Allowing and preparing for pets onsite at both Siesta Village West and Siesta Village East could add substantial additional income. The possibility to monetize the storage units onsite, exists as well. A new owner could also put a carport in which would support higher rents. Concrete Block Construction on both buildings with each being built in the Mid to Late 1960's. While insurance these days can be difficult and expensive, there are some benefits that should make that process a little easier. Both properties have new roofs (July 2023) Concrete block construction The Siesta Village West (Avenue A) is NOT in a flood zone while Siesta Village East (Gateway) has been adjusted to an AE zone as of 4/1/2024. (it has approx 8 feet of property now within the zone) Ownership is willing to assist with items that may need attention with 4-point inspection. Well Maintained with ownership highlighting improvements such as newer HVAC's, Exterior Painting, Interior improvements including newer flooring and partially remodeled kitchens. Per ownership, current rents quoted represent highest inplace monthly amount achieved per unit type. There are some tenants in place who are longer term and their rents may be below market. This is an organic value-add position where turnover or renewals can achieve rents in line with market rates. Ownership currently manages the properties in-house and performs a good deal of the repairs and maintenance (R&M) as well hereby substantially reducing the expenses incurred at takeover. The Year One numbers have increased management costs and realistic escalations for R&M along with other inflationary increases. Impactful Exterior Renovation Completed in 2023 | Average Single-Family Home Sale Price of $1,250,000 Within 1 Mile Radius • Both properties have new roofs (July 2023) which should help with insurance costs. DEMOGRAPHICS: Approximately 75,000 people live within 3- miles of the Property with an average household income of $131,484. More than 151,200 people live within 5-miles of the Property with an average household income of $137,580. The area anticipates population growth at a rate of 2.3% per year for the next 5 years.