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Real Estate AUCTION #1 November 12, 2003

To be sold at our regular warehouse auction

10635 N. 15^th Lane

Phoenix, AZ 85029

map to property

INCOME PRODUCING DUPLEX

100% OCCUPANCY

GENERATES $1,100.00 PER MONTH

• ·         2 bedroom/1 bath/1 kitchen (per unit)

• ·         1,800 square feet +/- (900 square feet per unit +/-)

• ·         10,449 square foot lot +/-

• ·         2-car car port with 2 secured storage areas

• ·         Large fenced back yard

• ·         Now leased at $550.00 per unit

• ·         2002 taxes:  $891.00

• ·         Built in 1979

• ·         Tiled kitchens and baths

• ·         Well maintained/new paint

• ·         Mountain views

• ·         This is a great opportunity for a newer investor

TO BE AUCTIONED TO THE HIGHEST BIDDER “AS IS” FOR CASH AT 3138 W. DURANGO STREET, PHOENIX, ARIZONA 85009.  THIS PROPERTY TO CLOSE ESCROW ON OR BEFORE DECEMBER 12, 2003 5PM.  THIS SALE IS NOT CONTINGENT UPON FINANCING.  BUYER TO COMPLETE ALL DUE DILIGENCE/INSPECTIONS/APPRAISAL PRIOR TO AUCTION OR MAKING OFFER.

THIS PROPERTY IS AVAILABLE FOR SALE PRIOR TO AUCTION FOR $154,900.00

THIS PROPERTY WILL HAVE A RESERVE (STARTING BID) OF $119,000.00.

Contact Carl Cunningham/Realty Executives for terms of sale, property tour at 602-647-4900 or carl@auctionaz.com