Portfolio of 2 Properties – Portfolio of 2 Properties

Denver, Colorado

Located in the heart of Congress Park, this exciting opportunity offers two of the highest quality apartment buildings in an area centrally…

Document List For Investors

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PROPERTIES

PROPERTY NAME / ADDRESS    PROPERTY TYPE    SIZE    YEAR BUILT    PRICE

Black Swan

1380 Steele St, Denver, CO        Multifamily        33,492    1963        N/A

White Swan

1300 Adams St, Denver, CO        Multifamily        13,857    1960        N/A

TAXES & OPERATING EXPENSES (PRO FORMA – 2020)     ANNUAL

Gross Rental Income                            $1,257,840

Other Income                                         $118,116

Vacancy Loss                                          $62,892

Effective Gross Income                        $1,313,064

Taxes                                                        $59,584

Operating Expenses                              $207,382

Total Expenses                                       $266,966

Net Operating Income                          $1,046,098

531 3rd St – Multifamily Property

Niagara Falls, New York

Arista Development is pleased to present an opportunity to acquire the Verrazano, a newly remodeled mixed-use building in the heart of the Niagara falls area.

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Building Class    C

Lot Size        0.20 AC

Building Size        17,669 SF

No. Stories        3

Year Built        1900

PROPERTY TAXES

Parcel Number            291100-159-029-0001-005-000   

Improvements Assessment        $214,100

Land Assessment            $10,900   

Total Assessment            $225,000

ZONING

Zoning Code    C2-A

22 Palione Pl – Multifamily Property

Kailua, Hawaii

Considered one of Hawaii’s great beach towns, Kailua’s slender strand along its windward shore is home to two idyllic public beaches, Kailua Beach…

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Building Class    C

Lot Size        0.20 AC

Building Size        17,669 SF

No. Stories        3

Year Built        1900

FINANCIAL SUMMARY (PRO FORMA – 2019)    ANNUAL    ANNUAL PER SF

Gross Rental Income                $447,250    $118.98

Other Income    –    –

Vacancy Loss    –    –

Effective Gross Income                $447,250    $118.98

Taxes    –    –

Operating Expenses    –    –

Total Expenses                    $187,004    $49.75

Net Operating Income                $260,246    $69.23

Kahala Hotel & Resort    5 Star    338 rooms    36 min drive

PROPERTY TAXES

Parcel Number    1-4-3-017-058-0000    Improvements Assessment        $794,100

Land Assessment    $1,555,700        Total Assessment            $2,349,800

ZONING

Zoning Code    03-R-10