4738 El Campo Avenue Fort Worth, TX 76107

E X C L U S I V E M U L T I - F A M I L Y O F F E R I N G

15 APARTMENT UNITS ARBOR VIEW 4738 El Campo Avenue Fort Worth, TX 76107

OFFERING SUMMARY

Price $800,000 Listed by: INVESTMENT HIGHLIGHTS Down Payment (25%) $200,000 KEVIN PARRISH  Strong unit mix consisting of 14 two- Loan Amount $600,000 75 UNITS & UNDER bedroom/one-bath units and one two- Loan Type Proposed New bedroom/two-bath unit Interest Rate/Amortization 4.750%/30 Years Associate Units 15 Tel: (972) 755-5281  Major retailers within one-half mile Fax: (972) 755-5146 Price Per Unit $53,333 including Central Market, Starbucks, Mi License: TX 615557 Rentable SF 12,400 Cocina, Legacy Bank and many more [email protected] Price Per SF $64.52  Historically Producing Mineral Rights to Year Built 1949 be Conveyed with Sale ROBERT DENNINGER Lot Size 0.29 Acres 75 UNITS & UNDER  The property is less than one mile north Cap Rate - Current 7.59% Senior Associate of Interstate 30, five miles west of Cap Rate - Pro Forma 8.08% National Multi Housing Group Interstate 35W and five miles east of GRM - Current 6.68 Tel: (972) 755-5229 Interstate 820 GRM - Pro Forma 6.57 Fax: (972) 755-5146 Net Cash Flow After Debt Service - Current 9.70%  Arlington Heights is five miles west of License: TX 0605502 downtown Fort Worth and 35 miles west Net Cash Flow After Debt Service - Pro Forma 11.65% [email protected] of Dallas Total Return - Current 14.33% Total Return - Pro Forma 16.28% www.75UnitsAndUnder.com

5 0 0 1 S p r i n g Valley Road, Suite 100W Offices Nationwide www.marcusmillichap.com Dallas, TX 75244 • Tel: (972) 755 - 5200 Fax: (972) 755 -5 2 1 0

This information has been secured from sources we believe to be reliable, but we make 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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap (Activity ID: U0060196 Property ID: 1811182) 4 7 3 8 E L C A M P O A V E N U E • F O R T W ORTH , TX 7 6 1 0 7

UNIT MIX

No. of Unit Approx. Current Rents Average Monthly Pro Forma Average Monthly Units Type Square Feet Rent/SF Income Rents Rent/SF Income

14 2Bdr 1Bath 775 $650 $0.84 $9,100 $663 $0.86 $9,282 1 2Bdr 2Bath 1,550 $950 $0.61 $950 $969 $0.63 $969

15 Total 12,400 $10,050 $10,251

OPERATING DATA

INVESTMENT OVERVIEW Income Current Pro Forma

Marcus & Millichap is pleased to present the Arbor View All Units at Current Market Rent $120,600 $123,012 Apartments. The community consists of 15 units located in Less: Loss to Lease $900 $1,230 Gross Potential Rent $119,700 $121,782 Fort Worth, Texas. The community boasts a strong unit mix Other Income $608 $620 of 14 two-bedroom/one-bath units with 775 square feet and Gross Potential Income $120,308 $122,402 one two-bedroom/two-bath units with 1,550 square feet. Less: Vacancy/Deductions (GPR) 0.5% / $600 2.0% / $2,436 Also, historically producing mineral rights conveyed with Effective Gross Income $119,708 $119,966 sale. Less: Expenses $58,997 $55,349 Net Operating Income $60,711 $64,617

Reserves $3,750 $3,750 One of the most attractive features of Arbor View is the Net Cash Flow Before Debt Service $56,961 $60,867 location. Arbor View is located in the Arlington Heights Debt Service $37,559 $37,559 submarket of Fort Worth, Texas. Arlington Heights is Debt Coverage Ratio 1.62 1.72 positioned five miles west of downtown Fort Worth and 35 Net Cash Flow After Debt Service 9.7% / $19,402 11.7% / $23,308 Principal Reduction $9,258 $9,258 miles west of Dallas. The apartment community is less than Total Return 14.3% / $28,661 16.3% / $32,567 two miles west from the Fort Worth Cultural District and one block east of Fort Worth’s famous Kincaid Hamburgers. EXPENSES Administrative $11 $750 5001 Spring Valley Road Additionally, the property is less than a one-half mile Advertising 15 375 Suite 100W northwest of many major retailers including Central Market, Repairs & Maintenance 6,423 6,551 Dallas, TX 75244 Smoothie King, Starbucks, World Market, Mi Cocina, Great Contract Services 4,757 3,750 Tel: (972) 755-5200 Clips, Legacy Bank, and many more. Electricity 862 879 Fax: (972) 755-5210 Gas 2,125 2,168 Water & Sewer 10,296 10,502 www.marcusmillichap.com The location, the resident profile of young professionals, Management Fee 13,916 9,597 and the proximity to the cultural district should all continue Real Estate Taxes 15,324 17,027 to be major factors in the overall success of the Arbor View Insurance 5,268 3,750 Apartments. Total Expenses $58,997 $55,349 Expenses per Unit $3,933 $3,690 Expenses per SF $4.76 $4.46 % of EGI 49.3% 46.1%