Residences at Riverwalk - Amesbury

EXECUTIVE SUMMARY

LUXURY SET WITHIN HISTORY NAI Hunneman, as exclusive agent, is pleased to offer for sale the Residences at Riverwalk in Amesbury, MA. The subject property is an 87-unit luxury apartment complex consisting of two mill buildings that were completely renovated in 2006. The property offers unique apartment homes and blends historic character with modern style in an attractive setting along the Powwow River. The Riverwalk Apartments offer an excellent opportunity for investors to acquire a turn- key, Class A, investment property with a condo conversion exit strategy.

UNIT MIX

The breakdown includes sixty-nine flats at One River Court and eighteen townhouses at 24 Oak Street. The building breakdown is listed below:

ADDRESS

1 BEDS

2 BEDS

3 BEDS TOTAL UNITS RENTABLE SF

1 RIVER COURT 24 OAK STREET

17

52 16 68

0 2 2

69 18 87

66,923 23,666 90,589

0

TOTALS

17

%

19.5%

78.2%

2.3%

THE PROPERTIES OFFER A VARIETY OF ATTRACTIVE LAYOUTS INCLUDING:

1 RIVER COURT

# OF UNITS % OF TOTAL

SF

1 BED / 1 BATH FLAT 2 BED / 1.5 BATH FLAT 2 BED / 2 BATH FLAT

17

19.5%

660-980 826-1045

6

6.9%

46 69

52.9% 1,012-1,205

TOTALS

66,923

24 OAK STREET

# OF UNITS % OF TOTAL

SF

2 BED / 2 BATH TOWNHOUSE 3 BED / 2 BATH TOWNHOUSE

16

18.4% 1,107-1,368

2

2.3%

1,499-2,116

TOTALS

18

23,666

3