The Townes on wadePlumfield Place, Raleigh, NC 27607

C h a r l e s Z e v e n h u i z e nCharles@barker-inc.com

p. 919.322.1196

J o h n B a r k e rJohnBarker@yorkproperties.com

p. 919.322.1196

- EXCLUSIVE LISTING -

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The Townes on wade

Plumfield Place, Raleigh, NC 27607

Property Overview

Executive Summary + Financials

Site Plans + Floorplans

Market Stats

Property OverviewOVERVIEW

Barker Realty and York Properties are pleased to present this exclusive sales listing, The Townes on Wade. This is a ten unit boutique townhome apartment community, located in the heart of Raleigh, North Carolina.

The Townes on Wade consists of 9 two bedroom/two and a half bathroom, units with 2 car garages. Unit 10 is a handicap accessible 2 bedroom, 2 bath, single story unit with a garage. The unit exteriors are a combination of brick and hardi-plank for a maintenance free future. The spacious interiors feature engineered hardwoods, granite countertops, stainless steel appliances, washer/dryers, gas fireplaces and garage storage. All units are separately metered for electricity & gas. The units were designed and built to single family home quality and durability by Barker Construction Group.

Unique to the market, Townes on Wade is a rare opportunity to acquire a two year old property in a premiere Raleigh neighborhood. They are convenient to entertainment, shopping destinations, numerous restaurants, and offer a prime location inside the I- 440 beltline. Wade Avenue offers direct access to both downtown Raleigh and the employment centers in West Raleigh, Cary and Research Triangle Park.

There is little to no newly built rental product in the area; the property is 100% leased with strong rental rates.

OFFERING PRICE

$3,400,000

Property Financials

PRO FORMAAnnual

Lease Income $252,000.00Vacancy $0.00Taxes $32,400.00Insurance $5,400.00Maintenance 4% $10,080.00Utilities $8,400.00Management 6% $16,800.00Miscellaneous/Services $2,400.00Capital Reserves 2% $3,780.00Total Expenses $79,260.00Net Operating Income NOI $171,540.00

Property Financials Property Financials

Unit OCC Sq. Ft Rent Lease From Lease To Move-in2801 Plumfield Place Yes 1735 1,999.00$ 8/3/2017 8/31/2017 8/3/20172805 Plumfield Place Yes 1565 2,000.00$ 12/15/2015 12/31/2017 12/14/20152809 Plumfield Place Yes 1735 2,150.00$ 6/4/2015 8/31/2017 6/10/20152817 Plumfield Place Yes 1735 1,999.00$ 9/4/2015 8/31/2017 9/1/20152820 Plumfield Place Yes 1264 1,550.00$ 5/23/2015 5/31/2018 5/23/20162821 Plumfield Place Yes 1565 2,000.00$ month-to-month 1/8/20162824 Plumfield Place Yes 1485 1,850.00$ 2/19/2016 7/31/2018 2/19/20162825 Plumfield Place Yes 1565 2,000.00$ 12/10/2015 12/31/2017 12/10/20152828 Plumfield Place Yes 1485 1,900.00$ 9/21/2015 1/31/2018 9/21/20152829 Plumfield Place Yes 1735 2,150.00$ 8/2/2017 8/31/2018 8/2/2017

TOTALS 100% 19,598.00$

CURRENT RENT ROLL

RENT COMPS

Oberlin Court 401 Oberlin Berkshire Marshall Park Address 1009 Wade Ave 401 Oberlin Road 2128 Clark Ave 3950 Fairsted DrYear Built 2005 2013 2013 2014Unit Count 370 244 282 360

SF 1,490 1,466 1,343Rent/Unit $1,502 $2,570 $2,507Rent/SF $1.01 $1.75 $1.87

SF 1,760 1,832Rent/Unit $2,020 $2,295Rent/SF $1.15 $1.25

3 Bedroom/2 Bathroom

2 Bedroom/2 Bathroom

RENT COMPS

UniT FeaTUres:

These gorgeous townhomes are the

premiere destination for anyone wanting to live just minutes from the

heart of Raleigh!

The following features are included on all floorplans:

• Granite Countertops• Stainless Appliances • Wood Cabinets• Gas Fireplace with Slate Surround• Storage Closets• Spacious Garages • Central AC/Gas Heat • Tankless Hot Water Heater• Water Included in Rent • Washer/Dryer Included• Ceramic Tile in Master Bath• Outdoor Grilling Patios• Covered Porches• Hero Energy Rating

Your Complete Real Estate Solution

Property Pictures

Site Plans3 Miles from Downtown Raleigh!

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NATIONAL ACCOLADES FOR THE TRIANGLE SINCE 2015

• #14 Fastest Growing Metro in U.S. (Raleigh) - U.S. Census Bureau, March 2017

• Among Top 10 Boomtowns of 2016 (Cary and Raleigh) - SmartAsset, January 2017

• #3 Best City in Nation for Young Professionals (Raleigh) Forbes Magazine 2016

• #3 Among Best Midsize Metros for Job Seekers (Raleigh) - American Institute for

Economic Research, July 2016

• #2 Among 2015 Quality of Life Index in N.C. (Raleigh) - LawnStarter, December

2015

• #1 Among Best Places to Live in America (Apex) - MONEY Magazine, August 2015

• #2 Among Best Large Cities to Live in (Raleigh) - WalletHub, August 2015

• #2 Among Top 10 Music Cities Other Than Nashville (Raleigh) - Music From The

Row, July 2015

• #2 Among the Next Top 10 Cities for Tech Jobs (Raleigh) - Fast Company, July 2015

• #4 Among Most Innovative, Pioneering Digital Counties: 500,000 or More

Population Category (Wake County) - Center for Digital Government, July 2015

• #3 Among Best Cities to Work - Economic Environment (Raleigh MSA) -

WalletHub, May 2015

• #1 Among Mid-Sized American Cities of the Future (Raleigh) - The Financial

Times, April 2015

• #2 Among the Cities Creating The Most Tech Jobs (Raleigh) - Forbes, April 2015

• #3 Among Best Metro Areas for STEM (Science, Technology, Engineering and

Math) Professionals (Raleigh MSA) - WalletHub, January 2015