-Each office is independantly owned and operated.-

This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.

FOR MORE INFORMATION, CONTACT:

Tel: (503) 709-4632Darryl@TheOfficeofDarrylBodle.com

www.DarrylBodle.com

Offering Memorandum

1525 N Webster St, Portland, OR 97217

This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.

-Each office is independantly owned and operated.-

PROPERTY DETAILS

ADDRESS: 1525 N Webster StCITY: PortlandCOUNTY: MultnomahTOTAL UNITS: 19YEAR BUILT: 2019TTOTAL BUILDING SIZE: 11,047 sqSTORIES: 3

OFFERING SUMMARYOFFERING PRICE: $4,390,000

PRICE PER SQ. FT.: $397CAP RATE (Pro Forma): 5.23%

INVESTMENT SUMMARY

PROFORMA SUMMARYFloor Plan Unit # Unit Mix Rent / Unit Rent / SF

1 bd, 1 ba 102 5.26% Yes 414 $1,150 $2.78 $1,150 $13,800 4.70%

1 bd, 1 ba 103 5.26% Yes 414 $1,150 $2.78 $1,150 $13,800 4.70%

1 bd, 1 ba 104 5.26% Yes 414 $1,125 $2.72 $1,125 $13,500 4.60%

2BD, 2 BA 106 5.26% 849 $1,975 $2.33 $1,975 $23,700 8.07%

1 bd, 1 ba 107 5.26% Yes 543 $1,300 $2.39 $1,300 $15,600 5.31%

Studio 201 5.26% Yes 334 $1,000 $2.99 $1,000 $12,000 4.09%

1 bd, 1 ba 202 5.26% Yes 439 $1,175 $2.68 $1,175 $14,100 4.80%

1 bd, 1 ba 203 5.26% Processing 439 $1,175 $2.68 $1,175 $14,100 4.80%

1 bd, 1 ba 204 5.26% Processing 414 $1,150 $2.78 $1,150 $13,800 4.70%

1 bd, 1 ba 205 5.26% Yes 424 $1,175 $2.77 $1,175 $14,100 4.80%

2 BD, 2 BA 206 5.26% 663 $1,750 $2.64 $1,750 $21,000 7.15%

1 bd, 1 ba 207 5.26% Yes 538 $1,350 $2.51 $1,350 $16,200 5.52%

Studio 301 5.26% 334 $1,075 $3.22 $1,075 $12,900 4.39%

1 bd, 1 ba 302 5.26% Yes 439 $1,225 $2.79 $1,225 $14,700 5.01%

1 bd, 1 ba 303 5.26% Yes 439 $1,200 $2.73 $1,200 $14,400 4.90%

1 bd, 1 ba 304 5.26% 414 $1,175 $2.84 $1,175 $14,100 4.80%

1 bd, 1 ba 305 5.26% Yes 424 $1,150 $2.71 $1,150 $13,800 4.70%

2 BD, 2 BA 306 5.26% 663 $1,850 $2.79 $1,850 $22,200 7.56%

1 bd, 1 ba 307 5.26% Yes 538 $1,325 $2.46 $1,325 $15,900 5.41%

19 100.00% 14 / 19 481 $24,475 $2.71 $24,475 $293,700 100.00%

Annual Proforma (Projected)Projected Income Monthly Annual Estimated Proforma Expenses Monthly Annual

Gross Rents $24,475 $293,700 Taxes* $1,875 $22,500Insurance $300 $3,600

Pet Rent $250 $3,000 Reserves for Replacement $245 $2,937Subtotal $24,725 $296,700 Utilities $1,117 $13,400

Landscaping $150 $1,800Average Vacancy (5%) -$1,224 -$14,685 Management $1,469 $17,622Late Fees* $1,224 $14,685 Maintenance / Repairs $490 $5,874Screening Fee Income $40 $480Effective Gross Income $24,765 $297,180 Total Operating Expenses $5,644 $67,733

Per Unit $297 $3,565Percent of EGI 22.79% 22.79%

Net Operating Income $19,121 $229,447

Annual Net Operating Income (NOI $229,447

PROJECTED CAP RATE: 5.23%Purchase/Sales Price of Real Estate Property $4,390,000Late Fees* assumes that half the tenants are paying late fees at 10% the rents.

Occupied Units

Square Footage

Rent / Month

Annual Rent

% Annual Rent

Total / AVG

This informaon has been secured from sources we believe to be reliable, but we make no representaons or warranes, expressed or implied, as to the accuracy of theinformaon. References to square footage or age are approximate. Buyer must verify the informaon and bears all risk for any innacuracies. Any projecons, opinions,assumpons, or esmates used herein are for example purposes only and do not represent the current or future performance of the property.

-Each office is independantly owned and operated.-

Darryl BodleTel: (503) 709-4632Fax: (503) 486-5177Email: Darryl@TheOfficeofDarrylBodle.comWebsite: www.DarrylBodle.com