OFF MARKET - 600 UNITS - NEW JERSEY

[Jensen Jeune]

(Rent rolls and P&L's). Profit and Loss attached with NOI. NOI is $3.6 Million

Buyer pays fees...NEGOTIABLE

Subject: Client Portfolio 600 units New Jersey $65MM

1. Mays Landing, NJ 08330

Phase 1 : 72 units - 2 bedroom/1 bath

36 units - 1 bedroom/1 bath units ( laundry room onsite)

Phase 2 : 103 units - 2 bedroom/2bath

51units - 1 bedroom/ 1 bath (washer and dryer in unit)

CAPEX: Carpeting $28,000 +/-

Appliances $15,000 +/-

Plumbing Repairs inc. water/sewer $6,000

Within Maintenance supplies there is $35,000 +/- of CAPEX. When we "flip the apartments" all associated purchased like countetops, bathroom vanity's, lighting fixtures, etc are in this G/L acct.

2. Somers Point, NJ 08244

78 units - 2 bedroom /1 bath

25 units - 1 bed /1 bath 1 Efficiency

Laundry Room Onsite .

CAPEX: Carpeting $7,000 +/-

Appliances $6,000 +/-

Building Maintenance: $11,000

Within Maintenance supplies there is $18,000 +/- of CAPEX. When we "flip the apartments" all associated purchased like counter-tops, bathroom vanity's, lighting fixtures, etc are in this G/L acct.

YE 2015 Groveland P&L and Rent Roll.pdf

3. Hammonton, NJ 08037

52 units - 2 bed/1 bath

1-3 units Bedroom House

Laundry Room Onsite

CAPEX: Carpeting $15,000 +/-

Appliances $6,000 +/-

Plumbing, Boiler $6,500 +/-

Building Maintenance: $4,000 +/-

Within Maintenance supplies there is $20,000 +/- of CAPEX. When we "flip the apartments" all associated purchased like counter-tops, bathroom vanity's, lighting fixtures, etc are in this G/L acct.

4. Pleasantville, NJ 08232

100 units - 1bed/1bath

1 unit - Bedroom Onsite

CAPEX: Carpeting $7,500 +/-

Appliances $9,200 +/-

Plumbing Repairs (Boiler Replacements) inc. water/sewer $12,000

Within Maintenance supplies there is $14,000 +/- of CAPEX. When we "flip the apartments" all associated purchased like counter-tops, bathroom vanity's, lighting fixtures, etc are in this G/L acct.

5. North Cape May, NJ 08204

60 units - 2 bed/ 1 bath

20 units -1 bed /1bath

CAPEX: Carpeting $12,000 +/-

Appliances $5,000 +/-

Plumbing, Boiler $7,000 +/-

Building Maintenance: $5,000 +/-

Paving/Asphalt Parking Lot: $8,000 +/-

Within Maintenance supplies there is $13,000 +/- of CAPEX. When we "flip the apartments" all associated purchased like counter-tops, bathroom vanity's, lighting fixtures, etc are in this G/L acct.https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gif

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An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) the prerequisites that need to be submitted in order for additional details to be released to prospective clients.