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LOWER TOWN RESERVATIONS

by D / A

ACQUISITION

253 YORK STREET

& RENOVATIONS

& REV. management

& PROP. management

& BRANDING/MARKETING

lead by JON BIELECKI

ON BEHALF OF

Dwelling Artist

WHAT

38 UNIT BUILDING

10 PARKING SPACES

10 BACHELOR

22 (1 BEDROOM)

05 (2 BEDROOM)

13,925 SF OF LAND

FIRE RETROFITTED

OPPORTUNITY

Refresh a ripe corner lot building in Lower Town

LOWER TOWN RESERVATIONS

&

Become the anchor which

re-brands Lower Town

as an ART DISTRICT

INVESTMENT

ACQUISITION COSTS:

RENOVATIONS x $450K

DOWN PAYMENT x $1.2M

CARRYING COSTS x $200K

- Totaling $1,930,000

RENOVATIONS

10 BACHELOR x $5,000

22 (1 BDRM) x $7,000

05 (2 BDRM) x $7,000

HALLWAYS x $18,000

PARKING x $15,000

LANDSCAPE x $5,000

BOILER x $50,000

EXTERIOR x $50,000

ROOF x $25,000

SUPPLIES x $4,000

FURNITURE x $95,000

BRANDING

LOWER TOWN RESERVATIONS

Guests and tenants will reside in an

ART DECO atmosphere

designed & furnished

by D / A

- SHORT TERM LEASES

- STUDENTS

- PROFESSIONALS

BREAK-EVEN POINT

LIMIT OF 15 SHAREHOLDERS

MINIMUM INVESTMENT - $130K

6.5 YEAR BREAK EVEN POINT

Annual Cash Return - $20K / 15.89%

Annual Appreciation - $11.6K / 9.01%

(based on yearly rate of 3.00%)

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