Executive Summary

Great Investment Opportunity!

Cash on Cash Returns 20%

20 Units Apartment Complex

511 Blake St

Texarkana, TX 75501

1

Table of Contents

Page

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

Property Description ........................................................................................................................... 3

Income and Expenses ......................................................................................................................... 4

Property Highlights ............................................................................................................................. 5

Pictures ............................................................................................................................................... 6

Confidentiality .................................................................................................................................. 13

Disclaimer ......................................................................................................................................... 13

Contact Information .......................................................................................................................... 13

2

Investment Opportunity

Asking Price: $639,900

Building Class: C

Location Class: C

Investment Benefits

▪ Great Investment Opportunity

▪ Texarkana is one of the hot Real Estate markets in TX

▪ Texarkana is the home for Texas A&M University – 13 min drive from the property

▪ Great location, just 20 min drive from top employer Red River Army Depot (Military Base)

▪ Cash on Cash on Actuals 20%

▪ Cap Rate on Actuals: 10%

▪

▪

▪

▪

▪

100% Occupancy

Rent Increase Upside

Highly Visible Property, just off of

I-30 and I-369

Value Add: Additional Revenue can be created by placing Onsite Coin Laundry Other Top Employers: CSM

Healthcare, Cooper Tire & Rubber

Company, Domtar, Walmart,

International Paper,

Southern Refrigerated Transport

Opportunity: Excellent opportunity for an investor to get on board with a stable

property which offers a significant upside with rent increases.

Status: Under contract by Applesway Investment Group, LLC. New Buyer will be

assigned the contract to close.

This Property is offered for sale to qualified Buyers.

Proof of funds is required with all offers.

3

Property Description

Unit Mix:

Type # of Units Current Rent Market Rent

2 Bed/1 Bath 12 Ave $490 $575

1 Bed/1 Bath 8 Ave $430 $500

Number of Units: 20

Electric: Individually Metered

Roof: Pitched

Construction: Brick Exterior

Current Occupancy: 100%

Building Square Footage: 15,496

4

Income and Expenses

Income Actuals

Monthly Potential Income $9,350

Gross Scheduled Income $109,980

Less Expenses ($46,002

Net Operating Income $63,978

5

Property Highlights

▪ Great investment property in Texarkana, TX which is the home for Red River

Army Depot (Military Base) which is the top employer – 20 min drive

▪ Texarkana is the home for Texas A&M University – 13 min drive property

▪ Texarkana College – 3 min drive

▪ Texarkana is one of the hot Real Estate markets in TX

▪ Stable occupancy with opportunity for rent increases and further value creation

▪ Rental Increase Upside

▪ Minutes away from Mall, Restaurants, Walmart, and Shopping Centers

▪ Value Add: Additional Revenue can be created by placing Onsite Coin

Laundry

▪ Individually metered – residents pay for electricity

▪ Just off of I-30 and I-369 allowing tenants easy access to employment, shopping

and entertainment

▪ 2.5 hour drive from Dallas

▪ Property has beautiful curb appeal with trees and well maintained lawns

▪ 15 min drive from Texarkana Regional Airport

▪ Other Top Employers: CSM Healthcare, Cooper Tire & Rubber Company,

Domtar, Walmart, International Paper, Southern Refrigerated Transport

6

Pictures

7

8

9

10

11

12

13

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 Applesway Investment Group, LLC.

Disclaimer

Applesway Investment Group, 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. Applesway

Investment Group, 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.

Jay Rao: 972.365.9928

Applesway Investment Group, LLC

or email:

Jay1998.Rao@gmail.com