DUPLEX FULLY RENTED LONG TERM TENANTS NO REPAIRS NECESSARY

[Murphy Rivenbark]

Executive Summary

Discounted Investment Opportunity

Duplex in Tower Village Community

7314 SW 42nd Place

Gainesville, FL 32608

Offered by:

Murphy Rivenbark

Select Real Investments, LLC

(352) 371-8301

Table of Contents

Page

Contents

Table of Contents........................................................................................................................... 1

Investment Opportunity.................................................................................................................. 2

Property Description & Performance............................................................................................... 3

Confidentiality................................................................................................................................. 4

Disclaimer........................................................................................................................................ 4

Contact Information........................................................................................................................ 4

Investment Opportunity

Purchase Price: $129,900 Price Per Unit: $64,950 Building Class: B

Location Class: B

Investment Benefits

Apprised Market Value $150,000!

Management in place

Stable Property in hot rental area

No repairs needed

Priced to MOVE

Great Community

Fully occupied

Both units are 2 bedroom / 2 bath

Opportunity to raise rents

Ideal for the part-time investor

Perfect multifamily deal for your IRA

Even more possible value plays!

Opportunity: Excellent opportunity for an investor to get on board with a stable property in a nationally strong submarket, which offers a high cap rate, and remaining upside potential with through rent increases.

Status: Under contract by Select Real Investments, LLC. New Buyer will be assigned the contract to close.

Property Highlights:

lStable investment property that was renovated and insurance rated new in 2010

lElectrical, plumbing (including underground piping), flooring, carpet, fixtures, carpet and hardi-panel exterior all during rehabilitation

lStable occupancy with opportunity for rent increases and further value creation

lGreat mix, individually metered residents pay for electricity

lStrong management infrastructure that comes with new owner

lPerimeter fenced backyard

lEasy access to I-75 Two Block Off TL Then 1mileTL on 42 Place

lOne Half Mile to Shopping Center

lFive Minutes from K-Mart and Wal-mart distribution center

Property Description & Performance

Unit Mix & Income:

Type	# of Units	Market Rent
2 BDR/2 BA	2	$650

Actual rents are provided in the Rent Roll.

Number of Units: 2

Style: One-story, ranch type

Electric: Individually metered

Construction: Brick, concrete driveway

Current Occupancy: 100%

HVAC: Central heat/AC

Roof: Pitched composition

Building Square Footage: 1,886

Land Area: .25 acres

Built: 1980, renovated 2010

Amenities: On-site laundry, Up front parking, New awnings, Downtown shopping one

half mile, Shaded back yard

Unit Amenities: Central Air/ A.C. through the wall, Dishwasher, Covered entries

County: Alachua

Income Pro-Forma

Yearly Potential Income $15,600

Less Vacancy (10%) (1,560)

Less Expenses (24%) (3,744)

Net Operating Income $10,296

This Property is offered for sale to qualified Buyers.
Verification of deposit is required with all offers.

Confidentiality

It is acknowledged by reader that information furnished in this Executive Summary is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious damage; therefore, reader agrees not to disclose it without the express written permission of Select Real Investments, LLC.

Disclaimer

Select Real Investments, LLC has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property. The information contained herein does not purport to be all inclusive nor does it purport to contain all of the information representative of the property. Select Real Investments, LLC nor any of its respective partners, officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein or otherwise expressed and conveyed and no legal liability is assumed or shall be implied with respect hereto.

Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions. Projections, especially, are based on various assumptions and subjective determinations as to which no guaranty or assurance is given.

Potential investors are recommended and urged to perform their own examination and investigation and not to rely on the information contained within this document or other materials otherwise provided.

Contact Information

Please contact me at the phone number or email address listed below if you are an interested party, or if you require further information.

Murphy Rivenbark

Select Real Investments, LLC

(352) 371-8301