offering memorandum value add opportunity

KW COMMERCIAL

3505 Columbia Parkway

Cincinnati, OH 45226JENNIFER DONATHANSenior Investment Advisor0 [email protected] #2004004706

Value Add Opportunity

OFFERING MEMORANDUM

PRESENTED BY:

CINCINNATI, OH

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL

3505 Columbia Parkway

Cincinnati, OH 45226

Confidentiality & Disclaimer

JENNIFER DONATHANSenior Investment Advisor0 [email protected] #2004004706

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Keller Williams Advisor's Realty in compliance with allapplicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

CINCINNATI, OH

http://www.kwcommercial.com


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

PORTFOLIO MAP SCHUHOLZ

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION

VALUE ADD OPPORTUNITY


PROPOSAL FOR COMMERCIAL SERVICES

OFFERING MEMORANDUM


Executive Summary

VALUE ADD OPPORTUNITY 1 | PROPERTY INFORMATION

PROPERTY OVERVIEWJennifer M. Donathan of KW Commercial is pleased to present forsale a value add opportunity. The subject property is part of aportfolio that must be sold together. 1857 Section Road consists offour (1) bedroom units and four car garage. The property featuresseveral capital improvements including new kitchens, new roof,newer boilers, newer windows and newer garage doors and openers.Tenants pay for heat and water which is provided by separateboilers.

PROPERTY FEATURESMUST BE PURCHASED AS PART OF A PORTFOLIO

100% Vacant

Several Capital Improvements

New Roof, New Kitchens, Newer Boilers

Tenants Pay Heat, Electric & Water

UNITS: 4

PRICE PER UNIT: -

NOI: $14,883

LOT SIZE: 0.17 Acres

BUILDING SIZE: 2,950 SF

YEAR BUILT: 1941

ZONING: Multi-Family

MARKET: Southwest Ohio

SUB MARKET: Roselawn - Cincinnati

CROSS STREETS: Elbrook Rd



PROPERTY OVERVIEWJennifer M. Donathan of KW Commercial is pleased topresent for sale a value add opportunity. The subjectproperty is part of a portfolio that must be sold together.1857 Section Road consists of four (1) bedroom units andfour car garage. The property features several capitalimprovements including new kitchens, new roof, newerboilers, newer windows and newer garage doors andopeners. Tenants pay for heat and water which is providedby separate boilers.

LOCATION OVERVIEW1857 Section Road is uniquely located in Roselawnapproximately 2 blocks from Amberley Village.

Property Description




Property Details



PROPERTY NAME: Value Add Opportunity

STREET ADDRESS: 1857 Section Road

CITY, STATE, ZIP: Cincinnati, OH 45237

APN: 117-0009-0079-00

LOT SIZE: 0.17 AC

BUILDING SIZE: 2,950 SF

BUILDING CLASS: C

ZONING: Multi-Family

PARKING SPACES: 4

YEAR BUILT: 1941

NUMBER OF STORIES: 2

FOUNDATION: Poured Concrete

NUMBER OF UNITS: 4

ROOF: New Roof - Pitched Shingle


Portfolio Map




Complete Highlights


PROPERTY HIGHLIGHTS

• MUST BE PURCHASED AS PART OF A PORTFOLIO

• 100% Vacant

• Several Capital Improvements

• New Roof, New Kitchens, Newer Boilers

• Tenants Pay Heat, Electric & Water




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION




OFFERING MEMORANDUM

1857 Section Road

Regional Map

VALUE ADD OPPORTUNITY 2 | LOCATION INFORMATION




Location Maps



Aerial Map




FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

INCOME & EXPENSES

UNIT MIX SUMMARY

3FINANCIAL ANALYSIS




OFFERING MEMORANDUM

INCOME SUMMARY BROKER PROJECTIONS PER SF

Market Rents @ $650 $31,200 $10.58

Vacancy 10% -$3,120 -$1.06

GROSS INCOME $28,080 $9.52

EXPENSE SUMMARY BROKER PROJECTIONS PER SF

Expenses at 40% of Income (Tenants Pay All Utilities) $11,232 $3.81

Management Fee 7% $1,965 $0.67

GROSS EXPENSES $13,197 $4.47

NET OPERATING INCOME $14,883 $5.05

Income & Expenses

VALUE ADD OPPORTUNITY 3 | FINANCIAL ANALYSIS



Unit Mix Summary

VALUE ADD OPPORTUNITY 3 | FINANCIAL ANALYSIS

UNIT TYPE COUNT % TOTAL SIZE (SF) MARKET RENT MARKET RENT/SF

1 bed / 1 bath 4 100.0 700 $650 $0.93

Totals / Averages 4 100% 2,800 $2,600 $0.93



DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS




OFFERING MEMORANDUM


* Demographic data derived from 2010 US Census

Demographics Map

VALUE ADD OPPORTUNITY 4 | DEMOGRAPHICS

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 1.9% 3.4% 2.1%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 31.1% 60.5% 59.8%

% BLACK 65.6% 35.6% 35.9%

% ASIAN 0.4% 1.1% 1.6%

% HAWAIIAN 0.0% 0.1% 0.1%

% INDIAN 0.2% 0.1% 0.1%

% OTHER 0.1% 0.7% 0.5%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 12,012 99,990 262,113

MEDIAN AGE 39.3 37.3 37.0

MEDIAN AGE (MALE) 35.4 35.8 35.0

MEDIAN AGE (FEMALE) 42.0 38.8 38.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 4,854 42,305 113,218

# OF PERSONS PER HH 2.5 2.4 2.3

AVERAGE HH INCOME $48,729 $55,944 $63,082

AVERAGE HOUSE VALUE $188,813 $171,305 $188,935


offering memorandum value add opportunity

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