Central Austin Downtown Austin 2 ± Blocks to the 3107 Speedway, Austin, TX 78705 University of Texas

Home , Drag (Austin, Texas), Mueller Community, Scholz Garten

Incomparable Austin Infill Location Excellent Value- Add Opportunity 16 UNITS 1.6 ± Miles to Central Austin Downtown Austin 2 ± Blocks to the 3107 Speedway, Austin, TX 78705 University of Texas

ELLEN MUSKIN DANIEL ELAM VIEW SHOWN BY 512.343.2700 x3 512.343.2700 x4 PROPERTY APPOINTMENT ONLY [email protected] [email protected] WEBSITE: WITH LISTING AGENTS AERIAL VIEW MARKS II

Austin (CBD) | 1.6 ± Miles University of Texas | 0.2 ± Miles Guadalupe St. (The Drag) | 0.3 ± Miles

NORTH UNIVERSITY NEIGHBORHOOD Looking SOUTH

SPEEDWAY

HELMS ST. 3107 SPEEDWAY INVESTMENT OVERVIEW MARKS II

INVESTMENT HIGHLIGHTS

Æ Incomparable Austin Infill Location

Æ Excellent Value-Add Opportunity - Spacious Bath Area and Two Closets (possible location for W/D's)

Æ Adjacent to "Historic" Aldridge Place Neighborhood — average home price: $873,066 (or $521 psf)

Æ Walking Distance to Quaint Restaurants, Grocery Stores, Nightlife, and Employers

Æ Close Proximity to the Ascension Seton Medical Center, St. David’s Medical Center, Dell Seton Medical Center at U.T., and Related Medical Offices

Æ 2 ± Blocks North of the University of Texas Main Campus (Students: 51K ± and Faculty/Staff: 24K ±)

Æ Blocks to "The Drag", the iconic strip of Guadalupe St., featuring Restaurants, Bars, and Eclectic Shopping Property Character Æ Biker’s Paradise (89 Bike Score) and Very Walkable 16 Units | Underbuilding & Surface Parking via Speedway and Helms Streets Area (87 Walkability Score)

The Marks II Apartments consists of one large, garden-style building, with two stories of MF units over underbuilding parking. The mix is all one-bedrooms with spacious living areas (550± sq. ft. floorplans). Each plan Some of Austin's best medical facilities features large open living rooms, walk-in closets, faux-wood vinyl flooring, vaulted ceilings with wooden are within a 1-mile ± radius of Marks II: beams*, kitchen gooseneck faucets*, built-in shelves in bedrooms, ceramic tile surrounding cast-iron bath- • Ascension Seton Medical Center tubs, gas stove and ranges, and mini-blinds. Interior features include individual HVACs, ceiling fans and large • St. David's Medical Center bedrooms. Current long-terms ownership has renovated a couple units, so this is a great value-add property • Dell Seton Medical Center at U.T. with an opportunity to increase rental rates, AND reduce operating expenses. Tenants have access to one laun- • Heart Hospital of Austin dry facility on-site (2W/2D), community bike racks, multiple entrance/exit points, and parking access in both front and back of the buildings (via Speedway or Helms Street). *in select units INVESTMENT OVERVIEW MARKS II

Marks II Apartments SALIENT FACTS Price: $3,000,000 North University and Aldridge Place Neighborhoods | Central Austin Terms: All Cash # of Units: 16 Total Marks II Apartments (3107 Speedway) is truly a unique multifamily investment opportunity in central Austin’s North Univer- # of Buildings: 1 Total sity neighborhood, blocks from the University of Texas at Austin main campus and south of the historic Hyde Park and Aldridge Place. Surrounded by remodeled bungalow style single-family homes, eclectic shops, and local Austin restaurants, All Unit Sizes: 550 ± Sq. Ft. residents at Marks II enjoy all the benefits of this very WALKABLE and BIKEABLE community. Year Built: 1965 The location of this asset creates an ideal living environment for anyone looking to take advantage of "Austin’s urban core" Total NRSF: 8,880 ± SF (Rent Roll) with prime access to many of the city’s medical offices and hospitals, The Triangle mixed-use development, major educa- Land Area: 0.1887 ± ACRES (TCAD) tional facilities (University of Texas and Austin Community College Highland Campus), government institutions (State Capitol and multiple state agencies), as well as vibrant retail and entertainment options (Guadalupe Street — "The Drag", and Down- Zoning: NO-NCCD-NP town Austin). A broad demographic of residents in the North University neighborhood include: U.T. students and teachers, Exterior: Native Stone and Cedar Siding government employees, and business professionals. Roofs: Flat (currently being replaced) HVAC: Individual “Austin is Expected to be the No. 1 Housing Market in 2021” — Zillow Water Heater: 1 Gas Boiler (100 gallon) Gas: Cooking and Water Heater Laundry Room: 1 On-Site (2W / 2D) Parking: Surface Spaces + 10 Underbuilding

The University of Texas at Austin main campus is only 2 ± blocks from Marks II Apartments allowing university students and staff convenient access to any of the prestigious 18 colleges and schools such as: Cockrell School of Engineering, Dell Medical School, LBJ School of Public Affairs, and McCombs School of Business. PROPERTY DETAILS MARKS II

INTERIOR FEATURES Large Open Living Rooms Vaulted Ceilings with Wooden Beams* Natural Stone Countertops* Ceramic Tile surrounding Cast-Iron Bathtubs & Shower Combinations Gas Stoves/Ranges Individual HVACs Double Closets in Every Bedroom Miniblinds on all Windows * in select units COMMUNITY FEATURES Laundry Facilities On-site (2 W/2Ds) Under-Building Vehicle Parking Close Proximity to “The Drag” and Downtown, State Agencies, and Entertainment Districts Access via Speedway (front) and Helms Street (rear) Adjacent to Renovated Single-Family Homes Blocks from “Historic” Aldridge Place with Gorgeous Older Residences On the UT and Metro Bus Route Convenient to CBD, Hospitals, Major Employers, Restaurants, and Retail Ample Surface Parking | 10 Underbuilding Spaces Walk Score – 87, Bike Score - 89 FINANCIAL ANALYSIS MARKS II

UNIT MIX Unit Total Market Monthly Annual Rent Units Type SF± SF± Rent Mkt. Rent Mkt. Rent / SF 15 A1 550± 8,250± $1,200 $18,000 $216,000 $2.18 1 A1 Rehab 550± 550± $1,400 $1,400 $16,800 $2.55 16 550± 8,800± $1,213 $19,400 $232,800 $2.20

INCOME Muskin Marketing JAN - JUN 2021 Yearend Yearend Pro Forma Annualized 2020 2019 Scheduled Market Rent $232,800 $211,600 $174,468 $173,151 Less: Loss to Lease 3.00% ($6,984) – – – Less: Vacancy 5.00% ($11,640) – – – Less: Concessions 1.00% ($2,328) – – – Net Rental Income $211,848 $211,600 $174,468 $173,151

Plus: Fee Income $3,000 – – – Plus: Laundry Income $150 – – – Plus: RUBS Income (gas, trash, water/sewer) $12,000 $6,528 $7,731 $9,848 Plus: Other Income $2,000 $348 $2,100 $7,258 Total Operating Income (EGI) $228,998 $218,476 $184,300 $190,258

EXPENSES Per Unit Administrative $125 $2,000 $1,550 $1,790 $2,109 Advertising & Promotion / Locators $150 $2,400 $1,344 $1,556 $3,093 Repairs & Maintenance $450 $7,200 $814 $1,100 $1,805 Management Fee 6.00% $859 $13,740 $15,470 $18,429 $11,974 Utilities $625 $10,000 $3,230 $9,669 $12,839 Contracted Services $219 $3,500 $3,074 $3,850 $3,257 Real Estate Taxes - Based on 85% of ask price 2.226665% $3,549 $56,780 $48,350 $42,844 $41,810 Insurance $500 $8,000 $5,406 $6,325 $5,608 Total Expenses $103,620 $79,238 $85,562 $82,494

Per Unit: $6,476 $4,952 $5,348 $5,156 Per SF: $11.77 $11.77 $11.77 $11.95

Net Operating Income $125,378 $139,238 $98,738 $107,764 INVESTMENT LOCATION MARKS II

Central Austin

NOTABLE AREA EMPLOYERS AUSTIN University of Texas at Austin • U.T. Dell Medical School • Austin Heart Hospital • Ascension Seton Hospital • St. David’s Medical Center • Bailey Square Surgical Center • Dell Children's Medical Center • Ascension Seton Shoal Creek Hospital • Texas State Capitol • various and related Government Agencies and Offices • Texas School for the Blind • TX Dept. of State Health Services • TX Dept. of Public Safety • St. Andrews private school (grades K-8) • Central Market (aka H-E-B's gourmet grocery store) • Central Park Shopping Center • Bank of America Financial Center • mid-sized to large retailers • medical offices • business offices • local neighborhood hotspots Fastest Growing Large Metro Since 2010 — U.S. Census Bureau —

ENTERTAINMENT FOOD / RESTAURANTS NIGHTLIFE n Darrell K. Royal Memorial Stadium n Central Market Grocery Store n Spider House Ballroom Best Place To Live In Texas n Elisabet Ney Art Museum n H-E-B Grocery Store n Draught House Pub & Brewery — U.S. News & World Report — n Harry Ransom Center n Wheatsville Food Co-op n Mockingbird Saloon — ApartmentList — n Bass Concert Hall n Vaquero Taquero n Hole in the Wall — Bankrate — n LBJ Presidential Library n Black's Barbecue n Cain & Abel's n Bob Bullock History Museum n Via 313 Pizza n Crown & Anchor Pub n Frank Erwin Center n El Patio n Cactus Cafe n Blanton Museum n Thai Kitchen n Scholz Garten No. 1 Destination City for n Paramount Theater n Ceviche 7 n The Cloak Room Relocating Households n Mexic-Arte Museum n Halal Bros. n 6th Street District — Allied Van Lines — n ZACH Theatre n In-N-Out Burger n Warehouse District n Palmer Events Center n Kerby Lane Cafe n Rainey Street District

OUTDOORS EASY ACCESS RETAIL / SHOPPING Best State Capital to Live In — WalletHub — n Adams-Hemphill Neighborhood Park n MoPac Expwy (Loop One) n Guadalupe Street ("The Drag") n Eastwoods Neighborhood Park n Interstate Highway 35 n The Triangle n Central Park n E. 38th Street n Central Park Shopping Center n Hancock Golf Course & Rec Center n E. 45th Street n Hancock Shopping Center Top Metro for Tech n Shoal Creek Greenbelt n Duval Street n Kerbey Lane Shops Professionals and n Elizabet Ney Park and Art Museum n Guadalupe Street (“The Drag”) n Mueller District Businesses n Pease District Park n Red River Street n The Linc at Highland — CompTIA — n U.T. Intramural Fields (CAW Fields) n N. Lamar Boulevard n Burnet Road Shops INVESTMENT LOCATION MARKS II

Local Amenities and Attractions First Class Education Opportunities

PEASE PARK THE TRIANGLE Pease Park, founded in 1875, is The Triangle is a 22-acre urban a popular 42-acre greenspace in complex that includes modern- 2 ± blocks south of Marks II is The University of central Austin. Officially the city's style multifamily residences, Texas main campus. With current enrollment of first public park, it's popular for commercial, restaurant, and retail 51,800 ± students, U.T. is consistently ranked one its yearly outdoor events, trails, spaces, and Triangle Commons of the best public universities in the country, with top ranked programs in Business, Engineering, volleyball and basketball courts. Park and walking/jogging trails. Law, and Medicine.

Within the UT Campus is the Health and Life Sciences Innovation District, which includes the Dell Seton Medical Center, the Dell Medical SHOAL CREEK TRAIL MUSEUMS School at the University of Texas, and UT School of Nursing. The 3.9-mile Shoal Creek Hike The Bob Bullock Texas State and Bike Trail runs from 38th St. History Museum, LBJ Library, south to Lady Bird Lake. Having Blanton Museum of Art, recently undergone improvements, Ransom Center, and Elisabet future plans for the trail include a Museum can all be found in nine-mile extension to the north. the Central Austin area.

Only 2.4 ± miles from Marks II is Highland — a sustainable mixed-use development transforming the former Highland Mall into a new 3.29M ± SF URBAN GOLF EASY ACCESS community featuring a public plaza, a common The Hancock Golf Course, one of Major thoroughfares North Lamar area, ground-floor retail, office and commercial the oldest golf courses in the state, Boulevard and Guadalupe Street space, and residential space. is a well-manicured, 9-hole, 35-par run parallel through Central Austin Anchoring Highland is the new 1.3M ± SF high-tech public course, with carries up and and contain popular restaurants, campus for the Austin Community College (ACC). down hills over beautiful Waller nightlife activities, and eclectic This campus features the ACCelerator learning lab, VA Resource Center, Bioscience Incubator, and Creek in Central Austin. shops and businesses. the Texas A&M Chevron Engineering Academy. 35 1 The Triangle 183

SHOALCREEK BLVD

BURNET RD BURNET

N LAMAR BLVDE KOENIG LN Highland NORTHLOOP BLVD W Marks II 290 Camp Mabry Mueller Community Proximity Map The Grove W 51ST ST ATX W 45TH ST Charles Alan Wright Fields 1 The Triangle 35

Heart Hospital of Austin N LAMAR BLVD Lake Austin Dell Children's Medical Center Ascension Seton Medical Center

DUVAL ST GUADALUPE ST E 38TH ST Hancock W 29TH ST Golf Course Mueller Mixed-Use Downtown/CBD 35 Community Tech Employers St David's Medical Center E DEAN KEETON ST 1 W 24TH ST

LAKE AUSTIN BLVD ENFIELD RD MANOR RD

Lady Bird Lake MARTIN LUTHER KING BLVD W Mueller Community Pease Park Pease

W 15TH ST Texas E MARTIN LUTHER KING JR BLVD State Capitol Building Dell Seton Medical Center at U.T.

35 E 12TH ST W 5TH STW 6TH ST

1 LAVACA ST Lady Bird Lake AIRPORT BLVD

E 6TH ST W CESAR CHAVEZ ST Zilker Metropolitan Park E 7TH ST

Plaza Saltillo Development L

S LAMAR BLVD d S 1ST ST y

360 1 B i E 1ST ST r CHICON ST d L CONGRESS AVE S a k 35 e Disclaimer: Information shown on this map is compiled from numerous sources and may not be complete or accurate. Muskin Commercial, LLC provides this map without any warranty of any kind whatsoever, either express or implied. Information About Brokerage Services

TYPES OF REAL ESTATE LICENSE HOLDERS: y A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. y A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Texas law requires all real estate y Put the interests of the client above all others, including the broker’s own interests; licensees to give the following y Inform the client of any material information about the property or transaction received by the broker; information about brokerage y Answer the client’s questions and present any offer to or counter-offer from the client; and services to prospective buyers, y Treat all parties to a real estate transaction honestly and fairly. tenants, sellers and landlords. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: y Must treat all parties to the transaction impartially and fairly; y May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. y Must not, unless specifically authorized in writing to do so by the party, disclose: - that the owner will accept a price less than the written asking price; - that the buyer/tenant will pay a price greater than the price submitted in a written offer; and - any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: y The broker’s duties and responsibilities to you, and your obligations under the representation agreement. y Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Muskin Commercial, LLC 9000275 [email protected] (512) 343-2700 Licensed Broker / Broker Firm Name or Primary Assumed Business Name License No. Email Phone Ellen Muskin 334236 [email protected] (512) 343-2700 Designated Broker of Firm License No. Email Phone Ellen Muskin 334236 [email protected] (512) 343-2700 Licensed Supervisor of Sales Agent / Associate License No. Email Phone Daniel Elam 616676 [email protected] (512) 343-2700 Sales Agent / Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission Buyer / Tenant / Seller / Landlord Initials Date Information available at www.trec.texas.gov www.muskincommercial.com/property/marks-ii-apartments

183

360 1 290 For information on Multifamily 35

Properties 183 130 in Austin, Texas 290 AUSTIN

—please contact: 71

ELLEN MUSKIN DANIEL ELAM 35 512.343.2700 x3 512.343.2700 x4 [email protected] [email protected]

4601 Spicewood Springs Road Building 4, Suite 101 Muskin Commercial, LLC has prepared this brochure to provide summary information to prospective purchasers and makes no warranty or representation about the content. While this Austin, TX 78759 WWW.MUSKINCOMMERCIAL.COM information has been obtained from sources believed to be reliable; Muskin Commercial, LLC has not conducted any investigation regarding these matters and prospective purchasers should independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are examples only and do not necessarily represent the current or future performance of the property. This brochure does not constitute an offer of sale, but is merely an invitation to bid.