2859 Wheelwright Dr 2859 Wheelwright DrLas Vegas NV 89121OFFERING MEMORANDUM

2859 Wheelwright DrCONTENTS

Catherine HydeMutlifamily and Income Property Specialist(702) 408-2289Lic: S.70366catherine@hyderealestate.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 3 Unit Mix Summary 4 Location Summary 5

02 Property Description Property Features 6 Aerial Map 7 Property Images 8

03 On Market Comps On Market Comparables 13 On Market Comparables Summary 15 On Market Comparables Charts 16 On Market Comparables Map 17

04 Sale Comps Sale Comparables 18 Sale Comparables Summary 21 Sale Comparables Charts 22 Sale Comparables Map 23

05 Rent Roll Rent Roll 24

06 Financial Analysis Income & Expense Analysis 25

07 Demographics Demographics 26 Demographic Charts 28

2859 Wheelwright Dr Investment Summary | 03

OFFERING SUMMARYADDRESS 2859 Wheelwright Dr

Las Vegas NV 89121COUNTY ClarkMARKET MultifamilySUBMARKET ApartmentsBUILDING SF 3,672 SFLAND SF 2,178NUMBER OF UNITS 4YEAR BUILT 1984APN 161-08-213-004

FINANCIAL SUMMARYOFFERING PRICE $305,999PRICE PSF $83.33PRICE PER UNIT $76,500NOI (CURRENT) $24,945NOI (Pro Forma) $35,000CAP RATE (CURRENT) 3.06 %CAP RATE (Pro Forma) 7.9 %GRM (CURRENT) 8.85GRM (Pro Forma) 7.08

PROPOSED FINANCINGConventional Investment - 25%DownLOAN TYPE AmortizedDOWN PAYMENT $76,500LOAN AMOUNT $229,499INTEREST RATE 3.00 %LOAN TERMS 30 yearsANNUAL DEBT SERVICE $11,610LOAN TO VALUE 75 %AMORTIZATION PERIOD 30 Years

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 30,558 227,693 506,2412019 Median HH Income $37,293 $42,802 $41,5612019 Average HH Income $47,744 $57,025 $56,840

2859 Wheelwright Dr is a great fourplex investment opportunity. Greatpotential with high market rents and management in place. Each unit is alarge 2 bedroom, 2 bath and all come with all appliances including washerand dryer. Long term tenants pay on time and keep the units in goodcondition.

Amenities:

•Pool

•Grassy common areas

•Ground maintenance

•Covered parking

•FHA ok

2859 Wheelwright Dr Unit Mix Summary | 04

Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly Income Market Rent Market Rent PSF Market Income

2 bd + 2 ba 4 981 $720 $0.73 $2,880 $900 $0.92 $3,600

Totals/Averages 4 981 $720 $0.74 $2,880 $900 $0.92 $3,600

2859 Wheelwright Dr Location Summary | 05

Location Summary• Located at the base of French Mountain in Sunrise Manor nearNorth Nellis Boulevard, this property offers low cost of living with

easy access to Boulder Station Casino, the Las Vegas MotorSpeedway (the home of NASCAR), the Nellis Air Force Baseentrance and the Temple of the Church of Jesus Christ Latter-DaySaints. Just 15 minutes from The Strip, Downtown Las Vegas andthe Fremont Street Experience and a short walking distance toschools, public transportation, fast food restaurants, and grocerystores.

Regional Map

Locator Map

2859 Wheelwright Dr Property Features | 06

PROPERTY FEATURESNUMBER OF UNITS 4BUILDING SF 3,672LAND SF 2,178LAND ACRES .05YEAR BUILT 1984NUMBER OF STORIES 2NUMBER OF BUILDINGS 1

UTILITIESWATER 3000SEWER 2400

2859 Wheelwright Dr Aerial Map | 07

2859 Wheelwright Dr Property Images | 08

2859 Wheelwright Dr Property Images | 09

2859 Wheelwright Dr Property Images | 10

2859 Wheelwright Dr Property Images | 11

2859 Wheelwright Dr Property Images | 12

2859 Wheelwright Dr On Market Comparables | 13

1

4672 Krissylouise Way4672 Krissylouise WayLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1995

ASKING PRICE $343,500

PRICE/UNIT $85,875

PRICE/SF $108.43

BUILDING SF 3,168

DISTANCE 0.5 miles

Price/Unit Range $76,500 - $85,875

LOW HIGH

2

2883 Wheelwright Drive2883 Wheelwright DriveLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $305,999

PRICE/UNIT $76,500

PRICE/SF $83.33

BUILDING SF 3,672

DISTANCE 79 ft

Price/Unit Range $76,500 - $85,875

LOW HIGH

2859 Wheelwright Dr On Market Comparables | 14

S

2859 Wheelwright Dr2859 Wheelwright DrLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $305,999

PRICE/UNIT $76,500

PRICE/SF $83.33

CAP RATE 8.15 %

GRM 8.85

BUILDING SF 3,672

Cap Rate Range 8.15 % - 8.15 %

LOW HIGH

Price/Unit Range $76,500 - $85,875

LOW HIGH

2859 Wheelwright Dr On Market Comparables Summary | 15

PROPERTY Units Built Ask Price Price/Unit PSF DISTANCE (mi)

1 4672 Krissylouise WayLas Vegas, NV 89121 4 1995 $343,500 $85,875 $108.43 0.50

2 2883 Wheelwright DriveLas Vegas, NV 89121 4 1984 $305,999 $76,500 $83.33 0.01

AVERAGES 4 1990 $324,750 $81,187 $95.88

SUBJECT 4 1984 $305,999 $76,500 $83.33

2859 Wheelwright Dr On Market Comparables Charts | 16

2859 Wheelwright Dr On Market Comparables Map | 17

# Property Name Address CityS 2859 Wheelwright Dr 2859 Wheelwright Dr Las Vegas1 4672 Krissylouise Way 4672 Krissylouise Way Las Vegas2 2883 Wheelwright Drive 2883 Wheelwright Drive Las Vegas

2859 Wheelwright Dr Sale Comparables | 18

1

4622 Tracylynn Lane4622 Tracylynn LaneLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

SALE PRICE $329,000

PRICE/UNIT $82,250

PRICE/SF $105.72

BUILDING SF 3,112

CLOSING DATE 12/4/2019

DAYS ON MARKET 5

DISTANCE 0.3 miles

Price/Unit Range $76,250 - $82,250

LOW HIGH

DOM Range 2 - 92

LOW HIGH

2

2727 Aarondavid2727 AarondavidLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

SALE PRICE $323,000

PRICE/UNIT $80,750

PRICE/SF $103.79

BUILDING SF 3,112

CLOSING DATE 4/24/2020

DAYS ON MARKET 2

DISTANCE 0.4 miles

Price/Unit Range $76,250 - $82,250

LOW HIGH

DOM Range 2 - 92

LOW HIGH

2859 Wheelwright Dr Sale Comparables | 19

3

4661 Amberleigh4661 AmberleighLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

SALE PRICE $323,000

PRICE/UNIT $80,750

PRICE/SF $103.79

BUILDING SF 3,112

CLOSING DATE 4/24/2020

DAYS ON MARKET 4

DISTANCE 0.3 miles

Price/Unit Range $76,250 - $82,250

LOW HIGH

DOM Range 2 - 92

LOW HIGH

4

2847 Wheelwright Drive2847 Wheelwright DriveLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

SALE PRICE $305,000

PRICE/UNIT $76,250

PRICE/SF $83.06

BUILDING SF 3,672

CLOSING DATE 5/7/2020

DAYS ON MARKET 92

DISTANCE 82 ft

Price/Unit Range $76,250 - $82,250

LOW HIGH

DOM Range 2 - 92

LOW HIGH

2859 Wheelwright Dr Sale Comparables | 20

S

2859 Wheelwright Dr2859 Wheelwright DrLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $305,999

PRICE/UNIT $76,500

PRICE/SF $83.33

CAP RATE 8.15 %

GRM 8.85

BUILDING SF 3,672

Cap Rate Range 8.15 % - 8.15 %

LOW HIGH

Price/Unit Range $76,250 - $82,250

LOW HIGH

2859 Wheelwright Dr Sale Comparables Summary | 21

PROPERTY Units Built Sale Price Price/Unit PSF Close Date DISTANCE (mi)

1 4622 Tracylynn LaneLas Vegas, NV 89121 4 1984 $329,000 $82,250 $105.72 12/4/2019 0.30

2 2727 AarondavidLas Vegas, NV 89121 4 1984 $323,000 $80,750 $103.79 4/24/2020 0.40

3 4661 AmberleighLas Vegas, NV 89121 4 1984 $323,000 $80,750 $103.79 4/24/2020 0.30

4 2847 Wheelwright DriveLas Vegas, NV 89121 4 1984 $305,000 $76,250 $83.06 5/7/2020 0.02

AVERAGES 4 1984 $320,000 $80,000 $99.09

SUBJECT 4 1984 $305,999 $76,500 $83.33

2859 Wheelwright Dr Sale Comparables Charts | 22

2859 Wheelwright Dr Sale Comparables Map | 23

# Property Name Address CityS 2859 Wheelwright Dr 2859 Wheelwright Dr Las Vegas1 4622 Tracylynn Lane 4622 Tracylynn Lane Las Vegas2 2727 Aarondavid 2727 Aarondavid Las Vegas3 4661 Amberleigh 4661 Amberleigh Las Vegas4 2847 Wheelwright Drive 2847 Wheelwright Drive Las Vegas

2859 Wheelwright Dr Rent Roll | 24

Unit Square Feet Unit Mix Monthly Rent PSF Market RentA 981 2 bd + 2 ba $800 $0.82 $900B 981 2 bd + 2 ba $650 $0.66 $900C 981 2 bd + 2 ba $680 $0.69 $900D 981 2 bd + 2 ba $750 $0.76 $900

Totals/Averages $2,880 $0.73 $3,600

2859 Wheelwright Dr Income & Expense Analysis | 25

INCOME CURRENT PRO FORMAEffective Gross Income $34,560 $43,200

Less: Expenses $25,180 $19,000

Net Operating Income $9,380 $24,200

Annual Debt Service $11,610 $11,610

Debt Coverage Ratio 0.81 2.08

Cash Flow After Debt Service ($2,230) $12,590

Principal Reduction $4,725 $4,725

Total Return 3.3 % $2,495 22.6 % $17,315

EXPENSES CURRENT PRO FORMA

Real Estate Taxes $400 $1,600 $400 $1,600

Insurance $300 $1,200 $300 $1,200

HOA $4,245 $16,980 $2,700 $10,800

Water $750 $3,000 $750 $3,000

Sewer $600 $2,400 $600 $2,400

Total Operating Expense $6,295 $25,180 $4,750 $19,000

Annual Debt Service $2,903 $11,610 $2,903 $11,610

Expense / SF $6.85 $5.17

% of EGI 72.86 % 43.98 %

Per Unit Per Unit

REVENUE ALLOCATIONCURRENT

DISTRIBUTION OF EXPENSESCURRENT

2859 Wheelwright Dr Demographics | 26

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 25,549 183,986 428,634

2010 Population 27,844 209,043 466,907

2019 Population 30,558 227,693 506,241

2024 Population 32,641 242,266 537,427

2019-2024: Population: Growth Rate 6.65 % 6.25 % 6.00 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 1,608 11,276 28,967

$15,000-$24,999 1,802 9,624 21,757

$25,000-$34,999 1,666 9,803 21,752

$35,000-$49,999 2,077 13,031 28,060

$50,000-$74,999 1,980 14,745 32,430

$75,000-$99,999 1,081 8,017 17,298

$100,000-$149,999 604 7,338 15,905

$150,000-$199,999 149 2,108 4,708

$200,000 or greater 60 1,214 3,367

Median HH Income $37,293 $42,802 $41,561

Average HH Income $47,744 $57,025 $56,840

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 11,052 72,490 171,470

2010 Total Households 10,217 72,142 163,834

2019 Total Households 11,026 77,155 174,246

2024 Total Households 11,718 81,655 184,274

2019 Average Household Size 2.77 2.94 2.85

2000 Owner Occupied Housing 5,523 40,669 75,226

2000 Renter Occupied Housing 4,505 26,706 82,182

2019 Owner Occupied Housing 4,122 38,959 74,037

2019 Renter Occupied Housing 6,903 38,196 100,209

2019 Vacant Housing 1,324 9,779 31,588

2019 Total Housing 12,350 86,934 205,834

2024 Owner Occupied Housing 4,432 41,814 79,609

2024 Renter Occupied Housing 7,286 39,841 104,665

2024 Vacant Housing 1,374 10,176 33,279

2024 Total Housing 13,092 91,831 217,553

2019-2024: Households: Growth Rate 6.10 % 5.70 % 5.65 %

Source: esri

2859 Wheelwright Dr Demographics | 27

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 2,276 16,492 37,334

2019 Population Age 35-39 1,932 14,678 33,993

2019 Population Age 40-44 1,758 13,637 30,913

2019 Population Age 45-49 1,760 13,767 30,934

2019 Population Age 50-54 1,733 13,353 29,974

2019 Population Age 55-59 1,751 13,920 30,328

2019 Population Age 60-64 1,639 12,906 27,647

2019 Population Age 65-69 1,502 11,416 23,788

2019 Population Age 70-74 1,235 9,362 18,732

2019 Population Age 75-79 815 6,138 12,131

2019 Population Age 80-84 505 3,800 7,394

2019 Population Age 85+ 367 3,048 6,203

2019 Population Age 18+ 22,843 172,473 383,636

2019 Median Age 34 36 35

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $40,844 $46,034 $45,410

Average Household Income 25-34 $50,010 $58,768 $57,989

Median Household Income 35-44 $40,124 $47,180 $45,452

Average Household Income 35-44 $52,127 $63,392 $62,360

Median Household Income 45-54 $45,995 $53,065 $51,325

Average Household Income 45-54 $56,932 $66,288 $65,778

Median Household Income 55-64 $40,782 $47,297 $44,050

Average Household Income 55-64 $50,358 $59,147 $58,322

Median Household Income 65-74 $31,122 $37,290 $35,839

Average Household Income 65-74 $42,009 $51,473 $51,942

Average Household Income 75+ $32,712 $39,293 $40,277

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 2,462 18,931 41,955

2024 Population Age 35-39 2,139 16,918 37,416

2024 Population Age 40-44 1,964 15,088 34,286

2024 Population Age 45-49 1,748 13,476 30,468

2024 Population Age 50-54 1,764 13,481 30,391

2024 Population Age 55-59 1,755 13,338 29,444

2024 Population Age 60-64 1,783 13,862 29,733

2024 Population Age 65-69 1,647 12,598 26,417

2024 Population Age 70-74 1,404 10,554 21,381

2024 Population Age 75-79 1,031 8,018 15,822

2024 Population Age 80-84 631 4,731 9,343

2024 Population Age 85+ 414 3,493 7,037

2024 Population Age 18+ 24,449 183,371 407,909

2024 Median Age 35 36 35

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $47,000 $53,047 $52,300

Average Household Income 25-34 $58,433 $68,373 $67,022

Median Household Income 35-44 $45,285 $55,917 $53,478

Average Household Income 35-44 $61,196 $75,615 $73,657

Median Household Income 45-54 $51,624 $59,239 $56,616

Average Household Income 45-54 $65,335 $77,516 $76,318

Median Household Income 55-64 $48,304 $53,805 $51,545

Average Household Income 55-64 $59,296 $69,757 $68,257

Median Household Income 65-74 $36,667 $42,986 $40,738

Average Household Income 65-74 $50,547 $60,580 $60,343

Average Household Income 75+ $38,597 $46,703 $47,595

2859 Wheelwright Dr Demographic Charts | 28

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

2859 Wheelwright Dr Demographic Charts | 29

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

2859 Wheelwright Dr

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromCatherine Hyde at Simply Vegas Real Estate and it should not be made available toany other person or entity without the written consent of Catherine Hyde at SimplyVegas Real Estate.

By taking possession of and reviewing the information contained herein the recipientagrees to hold and treat all such information in the strictest confidence. Therecipient further agrees that recipient will not photocopy or duplicate any part of theoffering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Catherine Hyde at Simply Vegas RealEstate. This offering memorandum has been prepared to provide summary,unverified financial and physical information to prospective purchasers, and toestablish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligenceinvestigation. Catherine Hyde at Simply Vegas Real Estate has not made anyinvestigation, and makes no warranty or representation with respect to the income orexpenses for the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs or asbestos, thecompliance with local, state and federal regulations, the physical condition of theimprovements thereon, or financial condition or business prospects of any tenant, orany tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Catherine Hyde at Simply Vegas Real Estatehas not verified, and will not verify, any of the information contained herein, nor hasCatherine Hyde at Simply Vegas Real Estate conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must takeappropriate measures to verify all of the information set forth herein. Prospectivebuyers shall be responsible for their costs and expenses of investigating the subjectproperty.

Catherine HydeMutlifamily and Income Property Specialist(702) 408-2289Lic: S.70366catherine@hyderealestate.com

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