GLVAR MULTIPLE DWELLING 05/26/12 9:09 PM

ML# 1245431 Status ER Area 501 L/Price $139,999

Offc REXT PubID 224032 Listing Agent a Realtor? Y

Virtual Tour

County Clark County Parcel# 162-18-213-005

Twnshp 21 Range 61 Section 18 Land Use Res-Fourplex

Legal L 16 B 1 City Las Vegas

Subdiv SPRING OAKS 5 Subdiv# 4465

YearBuilt 1977/Resale Short Sale N Foreclosure Commenced N Repo/REO NClick here for map view

3648/KOLENDO CT Zip 89103

GENERAL INFORMATIONBld Typ Fourplex Appx Bldg Sqft 3648 # Acres +/-0.220 Lot Dimen +/- 70X140 Total Units 4Cost/Un $35,000 Lot Sqft 9583 No of Furnished UnitsD: from decatur and twain east on twain north on kolendo

R: great investment opportunity fully rented. showing upon accepted offer

INCOME/EXPENSES/FINANCIAL INFORMATIONINCOME INFORMATION

Yrly Operating Income $28,800 Yrly Oth Income $0 Vacancy 1.00% GOI $28,512Yrly Operating Expense $2,600 NOI $25,912Cap Rate 18.51%Gross Rent Multipler 4.9%Yrly Other Income Includes NONE

OPERATING EXPENSE INFORMATIONRE Taxes $2,144 Prop Ins $800 Managmnt $240 Maintenance $100Utilities $100 Utilities Incl Trash $50Contrac Sv Incl Exp Sourc Owner ProvidedAssociation Fee N Yrly Assoc Assoc Incl

Packag AvlEarn Dep $3,000 Cash Assm $136,999 Assessed Lnd/Imprv $12,600/$39,027Owner Will Carry Current Loan(s) Assumable?Finance Consid Cash OnlyStudio #Units 0 Rent/UN $0 #1 Bath 0 #1.5 Bath 0 #2 Bath 0 Avg SF 01 Bed #Units 0 Rent/UN $0 #1 Bath 0 #1.5 Bath 0 #2 Bath 0 Avg SF 02 Bed #Units 4 Rent/UN $500 #1 Bath 0 #1.5 Bath 0 #2 Bath 4 Avg SF 9123 Bed #Units 0 Rent/UN $0 #1 Bath 0 #1.5 Bath 0 #2 Bath 0 Avg SF 0

RENTAL INFORMATIONTen Pays RestrictionsRent Terms

BUILDING INFORMATION AND AMENITIESTotal #Bldgs 1 #Floors 2 Handicap Adapted N Roof TileFlooring Carpeting/Tile Constr StuccoTotal # of Parking Spaces 8.0 ParkingAppliances No AppliancesUnit Amens NoneComplex Amens None Prop Condition GOOD

UTILITIES INFORMATIONHeat Sys Central Ht Fuel Electric Water Public Water Sewer Public SewerCool Sys Central Sep Meter Electric

Presented by:  Office Name: Orange Realty Group LLC Agent: Jeffrey MixGLVAR DEEMS INFORMATION RELIABLE BUT NOT GUARANTEED

ML #: 1245431 List Price: $ 139,999

Address: 3648 KOLENDO CT

Exterior Front Exterior Front

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# Listing # Address Status List Price Sold Price

1 1184106 3631 KOLENDO CT S 50,000 50,000

2 1166600 4196 ZAVALA ST S 115,000 100,000

3 1199224 4744 ELK SPRINGS AV S 129,888 108,000

4 1169896 4609 SAND CREEK AV S 100,000 110,000

5 1206681 5268 DEL GADO DR S 130,000 110,000

6 1170392 3629 VAN DYKE AV S 140,000 123,000

7 1177363 4206 ZAVALA ST S 130,000 132,000

8 1214915 4717 SAND CREEK AV S 150,000 140,000

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Comparative SummaryRef # #Bldgs #Units SqFt Year Blt Bldg Desc Lot Dimen List Price Sale Price Close Dt

1184106 1 4 3,648 1977 Fourplex 70 X 140 $ 50,000 $ 50,000 02/03/12

3631 KOLENDO CT LP/Sqft:14.00 SP/SqFt:14.00 #Floors: 2 #Furn: DOM: 127 Status:S

1166600 1 4 3,332 1981 Fourplex 72 X 100 $ 115,000 $ 100,000 12/31/11

4196 ZAVALA ST LP/Sqft:35.00 SP/SqFt:30.00 #Floors: 2 #Furn: DOM: 105 Status:S

1199224 0 4 3,688 1977 Fourplex 100 X 136 $ 129,888 $ 108,000 01/30/12

4744 ELK SPRINGS AV LP/Sqft:35.00 SP/SqFt:29.00 #Floors: 2 #Furn: DOM: 42 Status:S

1169896 1 4 3,688 1977 Fourplex 117 X 136 $ 100,000 $ 110,000 12/14/11

4609 SAND CREEK AV LP/Sqft:27.00 SP/SqFt:30.00 #Floors: 2 #Furn: DOM: 134 Status:S

1206681 1 4 3,420 1981 Fourplex 70 X 115 $ 130,000 $ 110,000 04/18/12

5268 DEL GADO DR LP/Sqft:38.00 SP/SqFt:32.00 #Floors: 2 #Furn: DOM: 45 Status:S

1170392 1 4 3,688 1977 Fourplex 70 X 150 $ 140,000 $ 123,000 01/20/12

3629 VAN DYKE AV LP/Sqft:38.00 SP/SqFt:33.00 #Floors: 2 #Furn: DOM: 34 Status:S

1177363 1 4 4,340 1984 Fourplex 72 X 100 $ 130,000 $ 132,000 01/20/12

4206 ZAVALA ST LP/Sqft:30.00 SP/SqFt:30.00 #Floors: 2 #Furn: DOM: 8 Status:S

1214915 1 4 3,688 1977 Fourplex 70 X 135 $ 150,000 $ 140,000 03/30/12

4717 SAND CREEK AV LP/Sqft:41.00 SP/SqFt:38.00 #Floors: 2 #Furn: DOM: 80 Status:S

** GLVAR Deems Information Reliable, But Not Guaranteed ** 05/26/12 9:14 PM

SP/SQFT

3,687 29.59

3,332 13.71

4,340 37.96

3,688 30.21

These properties are your competition.  A potential purchaser will compare your property to properties similar to these when trying to decide which to buy.  Take a look at these properties, if only on paper.  Try to be objective and ask yourself, "Which property is the best value?"  Is it yours?  If not, these other properties may sell before yours.  But don't forget that the "List Price" of these properties represent what the sellers WANT for their property, not necessarily what they are really going to get if they sell their property.  So when setting the price of your property, don't simply look at the LIST PRICE of the other comparable properties, look at the SALE PRICE of properties comparable to yours which actually SOLD!

Total Listings: 8

Square Footage List Price Sale Price DOM

Average 118,111 109,125 72

Minimum 50,000 50,000 8

Maximum 150,000 140,000 134

Median 129,944 110,000 63

ML #: 1184106 List Price: 50000

Address: 3631 KOLENDO CT

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Other Other

Other Other

Other Other

Other Other

Other Other

ML #: 1166600 List Price: 115000

Address: 4196 ZAVALA ST

Exterior Front Living Room

Unit A Entry Into Unit showing Living room to the lef and kitchen and dining room to the right.

Kitchen Bedroom

Unit A showing kitchen and dining area. Unit A Bedroom with sliding glass doors.

Living Room Living Room

Unit A Bedroom #2 Unit B kitchen looking into living room

Living Room

Unit B Bedroom with bathroom to the right.

ML #: 1199224 List Price: 129888

Address: 4744 ELK SPRINGS AV

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Exterior Front

ML #: 1169896 List Price: 100000

Address: 4609 SAND CREEK AV

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ML #: 1206681 List Price: 130000

Address: 5268 DEL GADO DR

Exterior Front

ML #: 1170392 List Price: 140000

Address: 3629 VAN DYKE AV

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ML #: 1214915 List Price: 150000

Address: 4717 SAND CREEK AV

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Comparative SummaryRef # #Beds #Baths SqFt Year Blt Type Lot Dimen List Price Sale Price Close Dt

1239930 2 1 / 0 / 0 3,567 1977 Fourplex $ 595

3611 ALA DR  # 1 Style: 2 Stories #Gar/Crpt: 0 / 0 DOM: Status: ER

1246102 2 2 / 0 / 0 3,688 1977 Fourplex $ 550

4690 SAND CREEK AV  # C Style: 2 Stories #Gar/Crpt: 0 / 0 DOM: Status: ER

1247839 2 2 / 0 / 0 3,688 1977 Fourplex $ 550

4690 SAND CREEK AV  # D Style: 2 Stories #Gar/Crpt: 0 / 0 DOM: Status: ER

1244410 2 2 / 0 / 0 3,648 1977 Condo/Townhouse $ 500

3623 KOLENDO CT  # B Style: 2 Stories #Gar/Crpt: 0 / 0 DOM: Status: ER

1244403 2 2 / 0 / 0 3,648 1977 Condo/Townhouse $ 500

3623 KOLENDO CT  # D Style: 2 Stories #Gar/Crpt: 0 / 0 DOM: Status: ER

** GLVAR Deems Information Reliable, But Not Guaranteed ** 05/26/12 9:16 PM

These properties are your competition.  A potential renter will compare your property to properties similar to these when trying to decide which to rent.  Take a look at these properties, if only on paper.  Try to be objective and ask yourself, "Which property is the best value?"  Is it yours?  If not, these other properties may rentl before yours.  But don't forget that the "List Price" of these properties represent what the sellers WANT for their property, not necessarily what they are really going to get if they rent their property.  So when setting the price of your property, don't simply look at the LIST PRICE of the other comparable properties, look at the RENTED PRICE of properties comparable to yours which actually RENTED!

Total Listings: 5

Square Footage List Price Sale Price DOM

Average 3,648 539 0 0

Minimum 3,567 500 0 0

Maximum 3,688 595 0 0

Median 3,648 550 0 0

ML #: 1239930 List Price: $ 595

Address: 3611 ALA DR UnitNumber: 1

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ML #: 1246102 List Price: $ 550

Address: 4690 SAND CREEK AV UnitNumber: C

Exterior Front Kitchen

Kitchen Living Room

Bedroom Bathroom

Master Bedroom Master Bath/Spa

Master Bath/Spa

ML #: 1247839 List Price: $ 550

Address: 4690 SAND CREEK AV UnitNumber: D

Exterior Front Kitchen

Living Room Master Bedroom

Master Bath/Spa

ML #: 1244410 List Price: $ 500

Address: 3623 KOLENDO CT UnitNumber: B

Exterior Front Living Room

Other Kitchen

ML #: 1244403 List Price: $ 500

Address: 3623 KOLENDO CT UnitNumber: D

Exterior Front Living Room

Other Master Bedroom