CEDAR VILLAGE

65-Unit Multi-Family Investment

8805 N Colton Street, Spokane, Washington 99218

SPOKANE MULTI-FAMILY INVESTMENT OFFERING

136 NE 28th

Avenue

Portland, Oregon 97232

503-327-8237 Office

503-954-3087 Fax

www.equitypacificrealestate.com

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Subject Property Exterior Photos

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Leasing Office & Manager’s Apartment

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Typical Apartment Interior Photos

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Hill n’ Dale Neighborhood Photos

Whitworth University Holmberg Conservation Park

Deaconess Hospital Lowe’s

Home Depot Walmart

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Property Overview

Garden Courtyard Property with Strong Curb Appeal Quiet Residential “Hill ‘n Dale” Neighborhood near Major Retailers

Significantly Upgraded Cash Flow Asset in Strengthening Market All New Energy-Efficient Vinyl Windows & Patio Door Sliders

Interior Renovations to Approx. 75% of Units Rents Increased 25% Past 2 Years & Solid Near Term Rent Upside

All New Exterior Paint to 4 Buildings & Leasing Office Seasonal Outdoor Pool

Recently Appraised at $3.5M

F

Description: The 65-Unit Cedar Village Apartments is comprised four multi-family structures, two of which are two-story and two of which are three-story structures. There is also a fifth structure used as a Manager’s leasing office on the upper floor, and as common area laundry service on the lower level. Situated directly in front of the Manager’s office is a seasonal outdoor pool. Construction: The buildings are wood frame with reinforced concrete slab foundations. The interiors are wood framed partitioning. The flooring is concrete slab structure on the main floor with wood panel subfloor over wood truss on the second and third floors. The exterior walls are T1-11 wood panel with wood trim, newly painted in August, 2017. Recent Improvements: The owner has remodeled approximately 50 of the 65 units, and the units with the most dated interiors receiving the greatest degree of remodel. Renovated apartments have had the wood-burning fireplaces sheet rocked over the fire box for a finished look. The fireplace chimneys have all been removed from the roofs, creating a much more appealing, streamlined look. Quality upgrades to the unit interiors include replacing carpeting and flooring, painting kitchen cabinets and installing new cabinet hardware, new appliances, new floor trim, light fixtures, electrical switches and receptacles, new interior doors and trim, updating restroom vanity and mirrors, and refinishing countertops. Additionally, the baseboard electric heaters have been removed and replaced with an electric Cadet-style in-wall heater in each room. Above average materials were used such as the vinyl wood textured flooring and painted countertop finishes.

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Roof Type: Gable roof truss system with composition shingle roofing finish. Windows & Patio Doors: All of the windows and sliding patio doors have been updated since 2015 with new insulated dual pane vinyl windows and doors. Apartment Entry Doors: Steel entry doors into each unit with deadbolt lock. Interior doors are hollow wood, with new interior 6-panel doors being included in remodeled units. Heat: Electric Baseboard heat and thru-wall A/C in the units, and wall mounted Cadet-style electric heaters in remodeled units. Both systems are electrical, with electric being the only utility paid for by the tenant. Parking: There are 86 parking spaces total (1.32 spaces per unit) comprising 64 carport spaces and 22 off-street open parking spaces. The parking area has two accesses to Colton Street, with a driveway that wraps around the exterior of the site. The parking area is asphalt. Landscaping: Mature, moderate landscaping includes a central courtyard area with irrigated lawn and mature pine trees, shrubs, security gate access, concrete curbing and sidewalks throughout. The landscaping is attractive and presents good curb appeal.

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Property Location

The subject property is located in the Hill n’ Dale neighborhood, which is less than seven miles north of Spokane city center. Its location is in an area, of mixed zoning accommodating commercial uses along primary arterials, with multifamily and single family residential uses extending beyond these commercial zones. Spokane Transit Authority bus service has adequate routes along the primary arterials serving the subject property’s location. The neighborhood is adequately served by public education facilities for K-12 education, and is in close proximity to private college campuses including Gonzaga University, Eastern Washington Spokane Campus, and the Spokane Community College. The neighborhood trend exhibits sustainable growth, consistent demand both residentially and commercially, and good synergies between a complementary mix of land uses for continued and sustainable growth. While market rents are increasing, median household income has remained fairly stagnant. Median household income is stable, but does not appear to be keeping pace with inflation. The trend of declining home ownership rates will continue to place downward pressure on vacancy rates and upward pressure on rental rates into the near future.

Aerial Map

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Spokane Development News: Nine Projects Transforming Spokane’s City Center

Spokane is in the midst of major transformations, with $800 million in public and private investments pouring into the city’s downtown and nearby neighborhoods. New apartments, stores and offices are under construction. Some of the work involves rehabilitating historic Spokane buildings. Other projects are new construction. Here are nine large projects proposed or underway in the city’s urban core: 1. Wonder Bread Building Cost: $12.5M. Projected Completion: Summer, 2018 Proposed use: Mixed use, with a food market, offices and roof plaza. 2. 1400 Tower Cost: $32M. Projected Completion: TBD Proposed use: 14-story condo tower in the valley neighborhood. 3. WSU Jensen Byrd Building Cost: $45M. Status: TBD. Renovation of a historic warehouse building on the WSU-Spokane campus. 4. The M Cost: $65M. Projected Completion: Winter, 2018 Use: Old Macy’s building to be renovated for mixed-use. 5. Riverfront 100-Acre Park Redevelopment Cost: $64M. Projected Completion: 2020 6. Ridpath Club Apartments and Condos Cost: $22M. Projected Completion: 2019 Use: Mixed-use housing and retail. 7. University District Gateway Bridge Cost: $10.6M. Projected Completion: Spring, 2018 Use: Pedestrian and cyclist bridge with a multiuse building. 8. Kendall Yards Cost: $150M. Projected Completion: Ongoing Use: Mixed-use residential, commercial and office. 9. The Falls Cost: $60M. Projected Completion: Spring, 2018 Use: Mixed-use residential, hotel, commercial and office. *The Spokesman Review, June 25, 2017 by Beck Kramer

1400 Tower

The M

Kendall Yards

Riverfront Redevelopment

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Spokane Multi-Family Market Overview

Vacancy Rates Runstad Center for Real Estate Studies, at the University of Washington, reported that the vacancy rate in Spokane County as of spring 2017 was 1.4 percent. Their previous report in fall 2016 stated 1.6 percent, down from 3.3 percent a year earlier and from 4.3 percent five years ago, according to apartment-market surveys conducted twice annually. Rental Rates Rent growth in Spokane has improved significantly since the beginning of the cycle in 2010, culminating in increases of over 4% in 2016. These gains have been bolstered by tight vacancies and job additions in high-paying job sectors like education and health services. Supply Annual demand has outpaced supply for five consecutive years as of the end of 2016. Up until 2017, deliveries fell below historical levels, with annual absorption outpacing deliveries as of the end of Q2 2017. Home Ownership Rates Home ownership rates in Spokane County continue to decline from the peak at 59.2% in 2009, and are most recently reported in July of 2016 at 54.74% for Spokane County by the US Census Bureau. Median household income is stable, but does not appear to be keeping pace with inflation. The trend of declining home ownership rates will continue to place downward pressure vacancy rates and upward pressure on rental rates into the near future.

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Unit # Unit Type 2017 Rent

Percent

Increase

from 2015

Unit # Unit Type 2017 Rent

Percent

Increase from

2015

1 1BR/1BA $550 15.79% 34 2BR/1BA $650 13.04%

2 1BR/1BA $575 21.05% 35 1BR/1BA $615 53.75%

3 1BR/1BA $585 23.16% 36 1BR/1BA $675 42.11%

4 1BR/1BA $605 27.37% 37 1BR/1BA $625N/A

* VACANT 2015

5 1BR/1BA $600 17.65% 38 1BR/1BA $625N/A

* VACANT 2015

6 1BR/1BA $625 31.58% 39 1BR/1BA $550 37.50%

7 1BR/1BA $625 47.06% 40 1BR/1BA $625 22.55%

8 1BR/1BA $565 32.94% 41 1BR/1BA $565 25.56%

9 1BR/1BA $615 29.47% 42 1BR/1BA $660 38.95%

10 1BR/1BA $615 29.47% 43 1BR/1BA $585 30.00%

11 1BR/1BA $615 29.47% 44 1BR/1BA $625 22.55%

12 1BR/1BA $565 10.78% 45 1BR/1BA $625 31.58%

13 1BR/1BA $605 27.37% 46 1BR/1BA $615 29.47%

14 1BR/1BA $565 25.56% 47 1BR/1BA $668 40.63%

15 1BR/1BA $615 44.71% 48 2BR/1BA $690 23.21%

16 1BR/1BA $565 18.95% 49 2BR/1BA $735 27.83%

17 1BR/1BA $600 26.32% 50 1BR/1BA $625 56.25%

18 1BR/1BA $565 18.95% 51 1BR/1BA $595 25.26%

19 1BR/1BA $565 18.95% 52 2BR/1BA $735 20.49%

20 1BR/1BA $615 29.47% 53 2BR/1BA $735 27.83%

21 1BR/1BA $565 18.95% 54 2BR/1BA $675 22.73%

22 1BR/1BA $615 53.75% 55 2BR/1BA $670 9.84%

23 1BR/1BA $615 29.47% 56 1BR/1BA $559 17.68%

24 1BR/1BA $615 29.47% 57 1BR/1BA $605 27.37%

25 1BR/1BA $565 18.95% 58 2BR/1BA $725 26.09%

26 1BR/1BA $585 30.00% 59 2BR/1BA $700 21.74%

27 2BR/1BA $725 31.82% 60 2BR/1BA $725 31.82%

28 2BR/1BA $735 27.83% 61 2BR/1BA $699 21.57%

29 1BR/1BA $550 29.41% 62 1BR/1BA $605 27.37%

30 1BR/1BA $565 18.95% 63 1BR/1BA $625 31.58%

31 1BR/1BA $550 22.22% 64 2BR/1BA $685 19.13%

32 1BR/1BA $565 18.95% 65 2BR/1BA $725 20.83%

33 2BR/1BA $725 26.09% (#44, #45,#50 & #63 Vacant - market rents)

Cedar Village – September, 2017 Rent Roll

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies.

Price: $3,500,000

Down Payment: 25% $875,000

Number of Units: 65

Price/Unit: $53,846 $2,625,000

Building/SF: 42,224

Price/SF $83

Current Cap: 6.06%

Market Cap: 6.63% Parcel ID

Current GIM 7.5 Lot Size

Market GIM 7.1 Utilities paid by Tenant

Year Built: 1976

Current Market T-12 Estimated % EGI Per Unit

INCOME EXPENSES

Scheduled Rent Income $487,092 $514,380 Taxes $33,350 - $513

Misc. Income Laundry $4,080 $4,080 Insurance $12,454 - $192

Scheduled Gross Income $491,172 $518,460 Water / Sewer $51,701 - $795

Less: Vacancy (5%) ($24,559) ($25,923) Garbage $20,128 - $310

Effective Gross Income $466,613 $492,537 Common Gas & Electricity $15,490 - $238

Less: Expenses ($254,542) ($260,385) Management $75,500 16.18% $1,162

Net Operating Income $212,071 $232,152 Maintenance & Repairs $19,546 4.19% $301

Turnover / Cleaning & Landscaping $10,123 2.17% $156

Year 1 Debt Service ($159,606) ($159,606) Reserves $16,250 - $250

Pre-Tax Cash Flow $52,466 $72,546

Principal Reduction $42,347 $42,347

Total Return 10.8% $94,813 13.1% $114,893 Total Expenses $254,542 54.6% $3,916

Cash Yield 6.0% $52,466 8.3% $72,546

Total Units Unit Type Rent Rent/PSF Rent Rent PSF

16 2BR-1BA 714 SF $650 - $735 $0.91 - $1.03 $765 $1.07

49 1BR-1BA 516 SF $550 - $625 $1.07 - $1.21 $625 $1.21

65 $40,591 $42,865

8805 N Colton St

Spokane, WA 99218

Financing Summary

New Multi-Family Loan in the amount of

Summary Location

Amortized over 30 Years

at 4.50% Principal and Interest

Additional Information

36202.0705 & 36202.0059

Approximate SF/Unit

1.10 Acre (47,916 SF)

Electricity

Annualized Operating Data Annualized Expenses

Scheduled Income Current Market

INVESTMENT SUMMARY

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

RENT SURVEY

PROPERTY LOCATION

YEAR BUILT

TOTAL # OF

UNITS UNIT TYPE

UNIT SF

CURRENT RENT

RENT/PSF SOURCE PHOTO

Cedar Village 8805 N Colton St Spokane, WA 99218

*Subject Property

1976 65 16 – 2BR/1BA 49 – 1BR/1BA

Extensively

renovated Interiors incl. new

Appliances, AC, DWs. Leasing

office, pool, playground.

714 516

$650 - $735 $550 - $625

$0.91 - $1.03 $1.07 - $1.21

Owner

Hill N' Dale Apts 8719 N. Hill N' Dale Spokane, WA 99218 Distance from Subject Property: 0.1 mile

1973 74 2BR/1BA 1BR/1BA

Undergoing

improvements. Patio or balcony, on-site laundry

center & clubhouse.

900 600

$800 $616

$0.89 $1.02

Craigslist 7/27/17

Lyons Ridge Estates IV 40 E Pineridge Court Spokane WA 99208 Distance from Subject Property: 0.2 mile

1983 68 2BR/1BA 1BR/1BA

Patio/Balcony Fireplace

800 675

$775 $675

$0.97 $1.00

Craigslist 7/27/17

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT

TOTAL # OF

UNITS UNIT TYPE

UNIT SF

CURRENT RENT

RENT/PSF SOURCE PHOTO

Rosewood Club 401 E Magnesium Rd Spokane, WA 99208 Distance from Subject Property: 0.3 miles

1977 154 2BR/1BA 1BR/1BA

Patio/balcony & dishwasher.

Fitness center, playground & pool

780 680

$757 $666

$0.97 $0.97

CoStar 8/29/17

Lincoln Village 210 E Lincoln Rd Spokane, WA 99208 Distance from Subject Property: 0.7 mile

1976 2BR/1BA 1BR/1BA

Fireplace Dishwasher

A/C Covered parking

672 608

$695 $660

$1.03 $1.09

thelincolnvillageapts.com 7/27/17

Cedar Springs Estates IV 7808 N Morton St Spokane WA 99208 Distance from Subject Property: 1.0 miles

2000 92 2BR/1BA 1BR/1BA

Dishwasher A/C

W/D in 2BRs Garages

902 660

$760 $660

$0.84 $1.00

cedarpropertymgmt.com/sprin

gs-iv.com 7/27/17

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT

TOTAL # OF

UNITS UNIT TYPE

UNIT SF

CURRENT RENT

RENT/PSF SOURCE PHOTO

Colfax Square 10015 N Colfax Rd Spokane WA 99218 Distance from Subject Property: 1.2 miles

1978 48 1BR/1BA

Dishwasher A/C

Balcony Patio

578 $660 $1.14 Costar 8/29/17

Cedar Creek Village I 8424 N Nevada St. Spokane WA 99208 Distance from Subject Property: 1.2 miles

1994 208 2BR/1BA 1BR/1BA

Dishwasher A/C

W/D in 2BRs Garages

902 660

$760 $660

$0.84 $1.00

cedarpropertymgmt.com/creek

-i.com 7/27/17

Deer Run Apartments 1225 E Westview Ct Spokane, WA 99218 Distance from Subject Property: 1.3 miles *Income Restricted

2003 114 2BR/1BA 1BR/1BA

W/D hook-ups A/C

Garages

889 690

$780 $673

$0.87 $0.98

www.forrent.com/apartment-community-

profile/1000002632

7/27/19

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT

TOTAL # OF

UNITS UNIT TYPE

UNIT SF

CURRENT RENT

RENT/PSF SOURCE PHOTO

Cedar Springs Estates III 1011 E Sharpsburg Ave Spokane WA 99208 Distance from Subject Property: 1.5 miles

1996 208 2BR/1BA 1BR/1BA

Dishwasher A/C

W/D in 2BRs Garages

902 660

$760 $660

$0.84 $1.00

cedarpropertymgmt.com/creek-

iii.com 7/27/17

Rock Creek Apts 911 E Beacon Ave Spokane, WA 99208 Distance from Subject Property: 1.9 miles

1996 97 2BR/1BA 1BR/1BA

Dishwasher W/D

800 732

$810 $725

$0.92 $0.99

www.forrent.com/apartment-community-

profile/1000469754

7/27/17

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

RECENT SALES COMPARABLES

PROPERTY LOCATION

YEAR BUILT # UNITS UNIT MIX / COMMENTS PRICE

PRICE / UNIT

PRICE / SF SOLD PHOTO

Cedar Village 8805 N Colton St Spokane, WA 99218

*Subject Property

1976 65 16 – 2BR/1BA 49 – 1BR/1BA

Extensively renovated Interiors incl. new Appliances, AC, DWs. Leasing

office, pool, playground.

$3,500,000 $53,846 $83 TBD

Parc Sprague Apts 15917 E Sprague Ave Spokane Valley, WA 99037

1978 56 39 – 2BR/1BA 17 – 1BR/1BA

$3,975,000 $70,982 $95 PEND

Linger Longer Lodge 1815 N Hutchinson Rd Spokane Valley, WA 99212

1974 90 1 – 3BR/1BA 23 – 2BR/1BA 21 - 1BR/1BA

45 – Studio

$5,900,000 $65,556 $116 PEND

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT # UNITS UNIT MIX / COMMENTS PRICE

PRICE / UNIT

PRICE / SF SOLD PHOTO

Pine Terrace 29 E 6th Ave Spokane, WA 99202

1978 20 17 – 2BR/1BA 3 – 1BR/1BA

Covered parking On-site Laundry

$1,225,000 $61,250 $74 May 2017

Hill N Dale Apts 8719 N Hill N Dale St Spokane, WA 99218

1973 74 N/A

Large 1, 2, & 3 BR Apts Patio or balcony, on-site laundry

center, extra storage, large closets, playground, and clubhouse.

$4,283,000 $57,878 N/A Feb 2017

Pacific Plaza 4023 E Pacific Ave Spokane, WA 99202

1974 28 8 - 2BR/1BA 19 – 1BR/1BA

1 – Studio

$1,625,000 $58,036 $87 Oct 2016

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT # UNITS UNIT MIX / COMMENTS PRICE

PRICE / UNIT

PRICE / SF SOLD PHOTO

Serrano Apts 121 E Wedgewood Ave Spokane, WA 99208

1984 180 40 – 3BR/1.5BA 140 – 2BR/1BA

AC & fireplace

On-site laundry, off-street parking and garages.

Fitness center & pool

$11,915,000 $66,194 $72 May 2016

Adams Square Apts 221 S Adams Rd Spokane Valley, WA 99216

1977 106 2 – 3BR/1BA 36 – 2BR/1BA 68 – 1BR/1BA

$5,533,800 $52,206 $78 April 2016

Perrine Court 11921 E Mansfield Ave Spokane Valley, WA 99206

1981 61 41 – 2BR/1BA 20 – 1BR/1BA

$3,470,000 $55,968 $86 April 2016

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT # UNITS UNIT MIX / COMMENTS PRICE

PRICE / UNIT

PRICE / SF SOLD PHOTO

Beringer Place Apts 111 N Locust Rd Spokane Valley, WA 99206

1999 49 16 – 3BR/2BA 17 – 2BR/2BA 16 – 1BR/1BA

$4,112,910 $83,937 $88 March 2016

Timber Court 2707 E 37th Ave Spokane, WA 99223

1976 39 37 – 2BR/1BA 2 – 1BR/1BA

$2,097,500 $53,782 $76 Jan 2016

Revere Ridge 1723 N Union Rd Spokane Valley, WA 99206

1996 175 54 – 2BR/2BA 66 – 2BR/1BA 55 – 1BR/1BA

$6,536,100 $63,457 $73 May 2015

CEDAR VILLAGE

This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

PROPERTY LOCATION

YEAR BUILT # UNITS UNIT MIX / COMMENTS PRICE

PRICE / UNIT

PRICE / SF SOLD PHOTO

Farr Court 210 S Farr Rd Spokane Valley, WA 99206

1995 175 54 – 2BR/2BA 66 – 2BR/1BA 55 – 1BR/1BA

$4,873,400 $67,686 $49 May 2015

3002 E 30th Ave Spokane, WA 99223

1978 55 N/A $3,270,000 $59,455 $51 May 2015

Randolph Arms 3915 W Randolph Rd Spokane, WA 99224

1985 64 28 – 2BR/2BA 8 – 2BR/1BA 28 – 1BR/1BA

$3,610,000 $56,406 $60 April 2015