PROPERTY HIGHLIGHTS• Attractive Cheesman Park Location• Individual Entrances• 5 - 2 Bedrooms, 1 - 1 Bedroom, and 1 Studio• Beautifully Renovated 2 BR Garden Unit• Off-Street Parking - 5 Spaces

Cheesman Flats1057 Marion Street Denver, CO 80218

EXCLUSIVELY LISTED BY:

Kyle Malnatic: 303.358.4250

kmalnati@madisonprops.com

Greg Johnsonc: 303.810.1328

gjohnson@madisonprops.com&

A Division of Madison & Company Properties

FOR SALE $1,050,0007 Units

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MADISON COMMERCIAL

Price: $1,050,000 # Units Unity Type Avg SqFt Avg Current Rent Avg Proforma Rent

Price/Unit: $150,000 1 Studio 400 $750 $750

Price/SqFt: $121.65 1 One Bedroom, One Bath 515 $800 $925

5 Two Bedroom, One Bath 950 $1,100-$1,300 $1,250-$1,300

Loan Amount: $787,500 INCOME Current Proforma

Down Payment: $262,500 Gross Annual Rent: $90,300 $95,700

Interest Rate: 4.10% Vacancy Allowance: ($3,612) ($3,828)

Amortization (yrs): 30 Net Rental Income: $86,688 $91,872

Monthly Payment: $3,805 Other Income: $1,636 $7,636

Effective Gross Income: $88,324 $99,508

Units: 7 ESTIMATED EXPENSES Current Proforma

Year Built: 1957 Property Taxes: $3,708 $4,667

Building Size (SqFt): 8,631 Insurance: $2,613 $2,613

Lot Size (SqFt): 6,250 Property Management: $4,800 $4,800

Roof: Pitched with Shingles Repairs & Maintenance: $4,982 $4,982

Heat: Hot Water Boiler Utilities $4,688 $4,688

Parking Spaces 5 Admin/Misc.: $1,288 $1,288

Electric: Individually Metered Wifi & Phone: $0 $0

Total Expenses: $22,078 $23,037

Expense/Unit: $3,154 $3,291

Net Operating Income (NOI) $66,246 $76,471

Current Proforma

NOI: $66,246 $76,471

Projected Debt Service: ($45,662) ($45,662)

Before Tax Cash Flow: $20,583 $30,808

CAP Rate: 6.3% 7.3%

Cash-on-Cash Return: 7.8% 11.7%

Principle Reduction (yr. 1): $13,629 $13,629

Total Return: 13.0% 16.9%

FINANCIAL ANALYSIS

INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE

FINANCING OPERATING DATA

PROPERTY DESCRIPTION

Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the Seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the Seller. Please do not tell us any information that you do not want with the Seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.

EXCLUSIVELY LISTED BY:Greg Johnson & Kyle Malnati1221 S. Clarkson St, Suite 300

Denver, CO 80210Office: 303.771.3850

MADISON COMMERCIALso

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MADISON COMMERCIALEXCLUSIVELY LISTED BY:

Greg Johnson & Kyle Malnati1221 S. Clarkson St, Suite 300

Denver, CO 80210Office: 303.771.3850

Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the Seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the Seller. Please do not tell us any information that you do not want with the Seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.

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MADISON COMMERCIALEXCLUSIVELY LISTED BY:

Greg Johnson & Kyle Malnati1221 S. Clarkson St, Suite 300

Denver, CO 80210Office: 303.771.3850

Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the Seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the Seller. Please do not tell us any information that you do not want with the Seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.

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