Windsor Place Apartments

Multi-Family InvestmentsWindsor PlaceApartments8635 Old Redwood HighwayWindsor, CA8 Units PlusSingle Family Home$1,285,000Northern California’s Source for Apartment Brokerage ServicesScott GerberSenior Vice President415-927-8888scott.gerber@ctbt.comLIC #01138762781 Lincoln Avenue, Suite 100San Rafael, California 94901ph: 415-485-0500 | fx: 415-485-1341Cassidy Turley Northern Californiawww.ctbtapartments.com

Multi-Family InvestmentsWindsor Place, Windsor CACassidy Turley (“Broker”) has been retained on an exclusive basis to market theproperty described herein (“Property”). Broker has been authorized by the Sellerof the Property (“Seller”) to prepare and distribute the enclosed information(“Material”) for the purpose of soliciting offers to purchase from interestedparties. More detailed fi nancial, title and tenant lease information may be madeavailable upon request following the mutual execution of a letter of intent orcontract to purchase between the Seller and a prospective purchaser. You areinvited to review this opportunity and make an offer to purchase based upon youranalysis. If your offer results in the Seller choosing to open negotiations with you,you will be asked to provide fi nancial references. The eventual purchaser will bechosen based upon an assessment of price, terms, ability to close the transactionand such other matters as the Seller deems appropriate.The Material is intended solely for the purpose of soliciting expressions of interestfrom qualifi ed investors for the acquisition of the Property. The Material is notto be copied and/or used for any other purpose or made available to any otherperson without the express written consent of Broker or Seller. The Materialdoes not purport to be all-inclusive or to contain all of the information thata prospective buyer may require. The information contained in the Materialhas been obtained from the Seller and other sources and has not been verifi edby the Seller, its affi liates or Broker. The pro forma is delivered only as anaccommodation and neither the Seller, Broker, nor any of their respectiveaffi liates, agents, representatives, employees, parents, subsidiaries, members,managers, partners, shareholders, directors, or offi cers, makes any representationor warranty regarding such pro forma. Purchaser must make its own investigationof the Property and any existing or available fi nancing, and must independentlyconfi rm the accuracy of the projections contained in the pro forma.Seller reserves the right, for any reason, to withdraw the Property from themarket. Seller has no obligation, express or implied, to accept any offer. Further,Seller has no obligation to sell the Property unless and until the Seller executesand delivers a signed agreement of purchase and sale on terms acceptable to theSeller, in its sole discretion. By submitting an offer, a purchaser will be deemedto have acknowledged the foregoing and agreed to release Seller and Broker fromany liability with respect thereto.All inquiries related to the property should be directed to the exclusive listing agent:Scott GerberSenior Vice President415.451.2415sgerber@ctbt.comLIC # 01138762781 Lincoln AveSuite 100San Rafael, CA 94901415.485.0500Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CAProperty HighlightsLocated a short walk to Windsor Town Green, the Windsor Park Apartments offeran excellent unit mix and equally excellent value. The Town of Winsor is a familyorientedcommunity with an exceptional quality of life. Windsor offers a widevariety of services and recreational opportunities, well-planned business areas anda historical downtown. The town is situated 64 miles north of San Francisco inthe heart of Sonoma County Wine Country, just ten miles northeast of Santa Rosa.Property combines eight two bedroom, one bath units in two 2-story apartmentbuildings and a charming single family home on a large 0.57 acre parcel. Thecomplex is located in a residential area just a ten minute walk to the popularWindsor Town Green and is ideally suited for families.Constructed in the 70’s, the property features wood siding, perimeter concretefoundation and pitched concrete tile roof. Units are spacious, approximately 808sq. ft. with patios or balconies, electric kitchens and baseboard electric heat. Theproperty provides water, sewer and trash.Investment SummaryPriced at $1,285,000 or 10.19 times current income. The astutue investorwill start with 7.95% cash on cash return, and add value by moving 6 out of 8units to market and by renovating the single family home an dincreasing rentby $500 per month. There by increasing the cash flow to 10.5%.Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CAInvestments Highlights SummaryCurrent GRM: 10.19% Current CAP Rate: 6.08%Market GRM: 9.43% Market CAP Rate: 6.83%FinancingAfter making a down payment of $360,000, a qualified investor will secure a new firstmortgage for the balance of the purchase price of 3.5% to 4% fixed interest for aninitial 5 year term, with 30 year amortization and one point origination fee.Contact listing agent for financing references if needed.Price/Unit: $142,778 Starting Cash Flow: 7.85%Price/S.F.: $161.35 Stabilized Cash Flow: 10.54%Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CASite SurveyParcel Number: 164-100-024Parcel Size:Year Built:Buildings:Parking:Construction Style:Roof:Foundation:Heat:Hot Water:Plumbing:Electrical:Laundry:Kitchen:Cabinets:Windows:Amenities:24,829 sf1977 (apartments)2-2 story8 Covered / 9 OpenWoodframe, WoodsidingPitched Concrete Title / PitchedComp ShinglePerimeter ConcreteBasebaord Electric in ApartmentsGas Forced Air in SFRCentralCopperCircuit Breakers2 Washer, 2 Dryer - LeasedElectric Range, Butcher BlockCounter TopsPlywoodSingle & Dual PaneLaundry, Patios, Building StorageNorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsASSET OVERVIEWWindsor Place, Windsor CAAerial MapWINDSOR PLACENorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CAArea MapWINDSOR PLACENorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CAFloor Plans: Typical 2 Bedroom / 1 Bathroom ApartmentBedroom 1Bathroom Bedroom 2Kitchen Dining Area Living RoomBalcony or PatioNorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CAProperty ImagesNorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Operating InformationMULTI-RESIDENTIAL - OPERATING INFORMATIONWindsor Place8635 Old Redwood HighwayLIST APN: 064-100-024S U M M A R YP R O P O S E D F I N A N C I N GPrice: $1,285,000 Approx. Age:Down Payment: $360,000 Approx. Lot Size: 0.57 1977First Loan Amount: $925,000 New, 30 year amortizationNumber of Units: 9 Approx. Net RSF: 7,964 Term: 30 YearsCost Per Unit: $142,778 Cost Per Net RSF: $161.35 Rate: 3.50%Current GRM: 10.19 Monthly Payment: $4,154Market GRM: 9.43Current CAP: 6.08%Market CAP: 6.83%Current RentsMarket RentsA N N U A L I Z E D O P E R A T I N G D A T AScheduled Gross Income: $126,120 $136,200Less Vacancy Rate Reserve: 4% $5,045 4% $5,448Gross Operating Income: $121,075 $130,752Less Expenses: 34.06% $42,954 $42,954Net Operating Income: $78,121 $87,798 *As a % of Down PaymentLess Loan Payments: $49,844 $49,844Pre-Tax Cash Flow: 7.85% * $28,277 10.54% * $37,954Plus Principal Reduction: $17,752 $17,752Total Return Before Taxes: 12.79% * $46,029 15.47% * $55,706Current RentsMarket RentsS C H E D U L E D I N C O M EA N N U A L I Z E D E X P E N S E SNo of Units BD/ BA Approx SF Mo Rent/Unit Monthly Income Mo Rent/Unit Monthly Income Taxes New Rate 1.12% $14,3928 2/1 808 1000-1100 $8,460 $1,100 $8,800 Insurance $2,7001 5/1.5 SFR 1500 $2,000 $2,000 $2,500 $2,500 Advertising: $0On site manager $2,400Water & Sewer $7,724Gas & Electric $1,679Rubbish $5,270Landscaping (Est.) $900Total Scheduled Rent: $10,460 $11,300 Maintenance/Repair (Est.) $5,128Laundry: $50 $50 Book keeping $1,500Utility Reimbursement: Misc. $1,261Other:Parking and Storage: $0Monthly Scheduled Gross Income: $10,510 $11,350Annual Scheduled Gross: $126,120 $136,200 Total Expenses: $42,954Per Net SqFt: $5.39Per Unit: $4,773** 1.1149% plus $533.60

Multi-Family InvestmentsWindsor Place, Windsor CARent RollWindsor PlaceApt. # Unit Type Rent8645 - A 2/1 $1,0508645 - B 2/1 $1,0008645 - C 2/1 $1,0608645 - D 2/1 $1,1008655 - A 2/1 $1,0508655 - B 2/1 $1,1008655 - C 2/1 $1,0508655 - D 2/1 $1,0508635 5/1.5 SFR $2,000Total $10,460Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CARent ComparablesSubject Units 2b/1b Single Family Utilities VacanciesWindsor ParkApartments8635 Old Redwood HwyWindsor, CA8 +SingleFamily$1050-1100 /808 SF$1.312,000/1,500 SF$1.33W.S.T 01Comparable #1 Units 2b/1b Single Family Utilities Vacancies8585 Old Redwood HwyWindsor, CA8$1000/700 SF$1.42N/A W.S.T 02Comparable #2 Units 2b/1b Single Family Utilities VacanciesCreekside Apartments6659 Old Redwood HwyWindsor, CA322/1.5 THSE$1350/1000 SF$1.35N/A T 0Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CARent Comparables Map2WINDSOR PLACE1Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CASales ComparablesSubject Units Mix Price ($) Price/SqFt Price/Unit GRM Cap Rate Terms COEWindsor PlaceApartments8635 Old Redwood HwyWindsor, CA8 - 2/11-5/1.5 SF1,285,000 $161.35 $142,778 10.19 6.08 All Cash OTM1Comparable #1 Units Mix Price ($) Price/SqFt Pric/Unit GRM Cap Rate Terms COE4645-4667 Sonoma HwySanta Rosa, CA8 - 2/2 1,700,000 $173.61 $212,500 14.75 4.06 All Cash 8/29/122Comparable #2 Units Mix Price ($) Price/SqFt Price/Unit GRM Cap Rate Terms COE526 B StreetSanta Rosa, CA8 - 1/17 - studio1,600,000 $199.95 $106,667 10.7 5.63 All Cash 6/29/124Comparable #3 Units Mix Price ($) Price/SqFt Price/Unit GRM Cap Rate Terms COE8585 Old Redwood HwyWindsor, CA4 - 2/14 - 2/1THSE1,175,000 $209.82 $146,875 12.72 4.7 All Cash In ContractNorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CASales Comparables Map312Northern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.

Multi-Family InvestmentsWindsor Place, Windsor CANorthern California’s Source for Apartment Brokerage ServicesThe information set forth herein has been received by us from sources webelieve to be reliable. We do not warrant its accuracy or completeness.