colonial townhouses

Senior [email protected]

MICHAEL COSTANTINI

Senior [email protected]

TRYFON CHRISTOFOROU

Managing [email protected]

CHUCK CIOLINO, CCIM

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

Central Location Off Norwood Lateral, Near Xavier

Huge 2 Story 11 Unit Brick Townhouses

1-One Bedroom, 8-Two Bedrooms, 2-Three Bedrooms

Resident paid Heat, Air, Electric

Attached Garages, Laundry

Walk in Closets, Dishwashers

$559,000 Cap Rate 9.0%

PRESENTED BPRESENTED BYY::

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

FOR SALE | MULTI-FAMILY

COLONIAL TOWNHOUSES4084 Reading Rd. | Cincinnati, OH 45229

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

DISCLAIMER

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.

SSALE OALE OVERVERVIEWVIEWOOVERVERVIEWVIEW

SVN/3CRE is proud to offer 4084 Reading Rd. a stunning 11 unit townhouse

investment opportunity located in the historic North Avondale area. Just around

the corner from Xavier University, this colonial brick building offers very popular

1, 2, and 3 bedroom units with resident paid gas forced air and heat. Priced at a

very attractive 9% cap rate, the property features very desirable units with

popular amenities such as dishwashers, garages, 2nd floor bedrooms, on site

laundry, walk-in closets, wood floors, and a stunning wood paneled entry.

SALE PRICE: $559,000

NUMBER OF UNITS: 11

CAP RATE: 9.0%

NOI: $50,300

LOT SIZE: 1.0 Acres

BUILDING SIZE: 22,788 SF

YEAR BUILT: 1952

RENOVATED: 2016

MARKET: Cincinnati

SUB MARKET: North Avondale

CROSS STREETS: Asman


EXECUTIVE SUMMARY

Executive Summary

3All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.


FINANCIAL SUMMARY

Financial Summary


INVESINVESTMENT OTMENT OVERVERVIEWVIEW 2016 PROF2016 PROFORMAORMA

Price $559,000

Price per Unit $50,818

GRM 6.1

CAP Rate 9.0%

Cash-on-Cash Return (yr 1) 12.26 %

Total Return (yr 1) $29,584

Debt Coverage Ratio 1.51

OPERAOPERATING DTING DAATTAA 2016 PROF2016 PROFORMAORMA

Gross Scheduled Income $91,200

Other Income $3,300

Total Scheduled Income $94,500

Vacancy Cost $7,296

Gross Income $86,940

Operating Expenses $36,640

Net Operating Income $50,300

Pre-Tax Cash Flow $17,038

FINANCING DFINANCING DAATTAA 2016 PROF2016 PROFORMAORMA

Down Payment $139,000

Loan Amount $420,000

Debt Service $33,262

Debt Service Monthly $2,771

Principal Reduction (yr 1) $12,546


INCOME & EXPENSES

Income & Expenses


INCINCOME SUMMAROME SUMMARYY 2016 PROF2016 PROFORMAORMA

Gross Potential $91,200

Vacancy 8% -$7,296

Laundry $3,300

GROSS INCOME $87,204

EXPENSE SUMMAREXPENSE SUMMARYY 2016 PROF2016 PROFORMAORMA

Gas Electric $3,888

Water $2,088

Insurance $3,468

RE Taxes $9,996

Maintenance $12,000

Management $5,200

GROSS EXPENSES $36,640

NET OPERATING INCOME $50,300


RENT ROLL

Rent Roll


UNITUNITNUMBERNUMBER

UNITUNITBEDBED

UNITUNITBBAATHTH

CURRENTCURRENTRENTRENT

MARKETMARKETRENTRENT

100 1 1 $250 $550

101 2 2 $750 $750

102 3 2.5 $800 $800

103 2 2 $750 $750

104 2 1 $750 $750

105 2 1 $625 $750

106 2 1 $750 $750

107 2 2 $625 $750

108 2 2 $750 $750

109 3 2.5 $800 $800

110 2 2 $750 $750

TTootals/Atals/Avvereragesages $7$7,,600600 $8,$8,150150


ADDITIONAL PHOTOS

Additional Photos



LOCATION MAPS

Location Maps



SITE PLAN

Site Plan



DEMOGRAPHICS MAP

Demographics Map


* Demographic data derived from 2010 US Census

POPULAPOPULATIONTION 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

TOTAL POPULATION 19,930 67,344 131,595

MEDIAN AGE 26.5 33.8 33.8

MEDIAN AGE (MALE) 25.3 31.7 32.1

MEDIAN AGE (FEMALE) 27.5 35.4 35.5

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

TOTAL HOUSEHOLDS 7,016 27,570 57,246

# OF PERSONS PER HH 2.8 2.4 2.3

AVERAGE HH INCOME $48,212 $46,456 $51,873

AVERAGE HOUSE VALUE $146,006 $160,184 $173,297


ADVISOR BIO & CONTACT 1

Advisor Bio & Contact 1


Chuck Ciolino, CCIMManaging DirectorSVN | Commercial Realty Advisors, Inc.

Chuck Ciolino, CCIM, a 25 year industry veteran, serves as a SeniorInvestment Advisor for Sperry Van Ness specializing in the sale ofcommercial single tenant buildings nationwide and apartments in theGreater Cincinnati area.

Ciolino's commercial real estate career started in 1988 with WestShell/Grubb & Ellis where he ranked as the top producing InvestmentAdvisor for 10 consecutive years. His success with clients, creativeapproach to deal making, and attention to detail didn't go unnoticed.

In 2003, Western-Southern Life recruited him to lead their investmentteam to dispose of non-critical assets at their Eagle Realty subsidiary.In a 3 year period, Ciolino successfully sold a $160 million portfolio ofcommercial properties bringing his career sales total to over $1 billion.

He is a sought after panel member for commercial real estate andconsidered an expert at implementing 1031 Exchanges.

In 2006 Ciolino opened the first Sperry Van Ness office located inCincinnati, OH and remains it's Managing Partner to this day.

Ciolino has held the prestigious Certified Commercial InvestmentMember (CCIM) designation since 1994 and is a member of theInternational Council of Shopping Centers (ICSC) and NationalApartment Association.

He holds a bachelor's degree in business from the Farmer School ofBusiness, Miami University, Oxford, Ohio.

Phone: 513.561.4080

Email: [email protected]

Memberships & Affiliations

ICSCCCIMNational Apartment Association

OH #2014001869

OH #700347164

Fax: 513.561.8812

Cell: 513.720.1000

Address: 7800 Laurel Avenue, Suite 150

Cincinnati, OH 45243

Tryfon Christoforou


ADVISOR BIO & CONTACT 2

Advisor Bio & Contact 2


Senior Advisor

Tryfon Christoforou is an experienced commercial broker specializingin multifamily real estate and is a partner in of 3CRE CommercialRealty Advisors. He brings broad experience in commercial real estateto his work – in addition to multifamily properties, his backgroundincludes mortgages, investment, and ownership of investmentproperty. By leveraging his diverse work experience in real estate tobring every client the best return possible, Tryfon has establishedhimself as a top performer.

Tryfon has built a reputation as a service-oriented broker who iscommitted to personally guiding his clients through every phase ofthe real estate transaction process from start to finish. He has builtlong-term relationships with clients based on collaboration, hardwork, an ethical approach, and dedication to a step-by-step methodto working with every investor to maximize results.

Tryfon founded 3CRE Commercial Realty Advisors with partnersMichael Costantini and Chuck Ciolino to bring clients a tailored,knowledgeable approach to forming and successfully executing theircommercial real estate investment strategy. The 3CRE team hascompleted over a billion dollars of real estate transactions, and theirlist of multifamily properties sold nationally include: Glenbury – 660units (Fairfield, OH); Polos on Park – 440 units (Tallahassee, FL);Arbors of Watermark – 420 units (Columbus, OH); Forest Ridge – 335units (Cincinnati,OH); Vienna Woods – 319 units (Holland, MI); JacksonSquare – 242 units (Tallahassee, FL); Ravenwood – 190 units(Cincinnati,OH); Meadowbrook – 168 units (Amelia,OH); Mont Michel –152 units (Cincinnati, OH); and Peoples Place – 111 units (Middletown,OH), just to name a few.

3CRE have extensive experience in local and regional Midwestmarkets and assets and operates under the banner of SVN?. BecauseSVN’s national and global reach includes primary, secondary, andtertiary markets, 3CRE has an advantage in locating investmentoptions on behalf of its clients as well as being able to list theirproperties on a national basis to the entire 100,000-strong brokerageand investment community via real-time syndication to major listingsites, social media, and email campaigns.Tryfon holds a BSBA, Marketing from University of Cincinnati, Ohio.His affiliations include the National Apartment Association, NAR, OAR,and the Cincinnati and Dayton Board of Realtors. He was born inMelbourne, Australia and is of Greek heritage. He is a passionateworld traveler and calls Cincinnati his home.

SVN | Commercial Realty Advisors, Inc.

Phone: 513.490.6881

Email: [email protected]

Fax: 513.561.8812

Cell: 513.490.6881

Address: 7800 Laurel Avenue, Suite 150

Cincinnati, OH 45243

colonial townhouses

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