Recent Capital Improvements

• The Property has undergone meaningful capital renovations over the past two years, reducing new ownership’s near-term Capital Expenditure while enhancing tenant appeal. These Include: Two (2) Fully-Renovated units completed in 2024 which feature new paint and updated modern flooring; and, the remaining Two (2) units which were just finished in Q1 2026 and were revitalized with: new cabinetry, modern flooring, paint as well as brand-new roofing (completed in 2025).

Value-Add Upside Through Rent Repositioning

• Opportunity to increase rents to market levels, similar to the upside demonstrated in the neighboring comp achieving a ±7%+ proforma cap.

Strategic Location Just Off University Drive Corridor

• Immediate access to a major east-west arterial providing connectivity to employment hubs, retail amenities, and transportation infrastructure.

High-Demand East Mesa Rental Pocket

• Located in a steadily growing Mesa submarket supported by major employers and continued population growth trends.

Vacant Unit Provides Immediate Owner-User or Lease-Up Opportunity

• One unit currently vacant, offering flexibility for an owner-user or the ability to capture immediate upside; ownership has already received rental interest at $1,295/month, supporting near-term income stabilization.