OFFERING MEMORANDUM8-Unit Apartment Building in Cincinnati, OH

859 Glenwood Ave

NON-ENDORSEMENT AND DISCLAIMER NOTICE

CONFIDENTIALITY & DISCLAIMER:The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed

only by the party receiving it from Realiant Cincinnati, LLC and should not be made available to any other person or entity without

the written consent of Realiant Cincinnati, LLC. This Offering Memorandum has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information

contained herein is not a substitute for a thorough due diligence investigation. Realiant Cincinnati, LLC has not made any

investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the

presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the

physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's

plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has

been obtained from sources we believe to be reliable; however, Realiant Cincinnati, LLC has not verified, and will not verify, any of

the information contained herein, nor has Realiant Cincinnati, LLC conducted any investigation regarding these matters and makes

no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential

buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE:Realiant Cincinnati, LLC is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or

sponsorship or endorsement by Realiant Cincinnati, LLC or any agent, product, service, or commercial listing of Realiant

Cincinnati, LLC, and is solely included for the purpose of providing tenant lessee information about this listing to prospective

customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT ONE OF OUR AGENTS FOR MORE DETAILS.

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The information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the

information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

TABLE O F

C O N T E N TS

Marcus PritikinCEO | Realtor

CINCINNATI OFFICE

(513) 461-9315

marcus@realiantpm.com

QueenCityRentals.com

PREPARED &P R E S E N T E D BY:

LOCATION OVERVIEW

FINANCIAL

ANALYSIS

INVESTMENT SNAPSHOT

Sydney Stevens Marketing Coordinator

CINCINNATI OFFICE

(513) 265-3636

sydney@realiantpm.com

QueenCityRentals.com

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INVESTMENT

SNAPSHOT

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Property Name859 Glenwood Ave.

Number of Properties1

Number of Residential Buildings1

Number of Units8

LocationCincinnati, OH

Year Built1920

Building Size7,128 SF

Number of Stories3

INVESTMENT SNAPSHOT

666

THE DETAILS THE BUILD

Property 859 Glenwood Ave Foundation Masonry

Address859 Glenwood Ave,

Cincinnati, OH Framing Block

45229 Exterior Brick

Submarket Avondale Wiring Copper

County Hamilton Roof Pitched / Shingled

Parcel Number 108-0001-0114-00 Parking Surface Concrete

Zoning401 APARTMENT, 4-19 UNITS

School District CINCINNATI CSD MECHANICALS

HVAC Window Units A/C. Baseboard Boiler Heat

SITE DETAILS Hot Water Water Heater

Year Built 1920

Number of Units 8 UTILITIES

Number of Buildings 1 Electric Tenant

Number of Stories 3 Gas Boiler & water heat - Owner

Building Size7,128 SF

Water/Sewer Owner

Average Unit Size 575 SF Trash Owner

Current Occupancy 87.5%

Lot Size 0.138 AC LAUNDRY

Parking 4 Spaces & StreetIn Unit No

Common Area No – but space in basement to place

INVESTMENT SNAPSHOT

7

888

FIRST LOOK

999

FIRST LOOK

101010

FIRST LOOK

111111

FIRST LOOK

85

9

GL

EN

WO

OD

AV

E

LOCATION

OVERVIEW

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IntroductionAvondale is a busy community located about four miles northeast of Fountain Square with easy access to all major interstates. Theabundance of grand old homes is a classic example of the European flavor that flourished here around the turn of the century.

SummaryToday, Norwood offers choice real estate that blends with a growing commercial sector. You’ll find charming older homes including manyVictorian houses along gas-lit, tree-lined streets throughout this neighborhood. City services are a priority for the community. Retail andcommercial growth is a major attraction for business and residents. Its prime location places Norwood literally in the center of the city, easilyaccessed by I-75, I-71 and the Norwood Lateral. University and other Clifton-area hospitals are minutes away.

TransportationQueen City Metro buses serve all of Avondale with excellent service in rush hours. Downtown is accessible in 10 minutes via numerousroutes. I-75 is 5 minutes away with I-275 and I-71 within a 10-minute drive.

HospitalsAvondale is in the heart of Cincinnati's world-renowned medical complex including Cincinnati's University Hospital, Children's, Veteran'sHospital, and the University of Cincinnati Medical College. Christ and Good Samaritan Hospitals are minutes away. Many uptown groups ofdoctor’s offices are also within easy access. One of the most advanced medical facilities in the country for research is located within the(Cincinnati) University Hospital complex, located in nearby Avondale.

ShoppingShopping is conveniently located in Avondale Town Center and in nearby Oakley Station, Rookwood Commons & Hyde Park. Kenwood TowneCentre Shopping Mall is 10 minutes away as is downtown shopping.

RecreationAvon Fields, an 18-hole golf course with a driving range, is on the north boundary of Avondale. Along with the newly remodeled recreationcenter in North Avondale.

LOCATION IS KEY | AVONDALE, OH

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859

GLENWOOD AVE

(SUBJECT)

1717

LOCATION IS KEY | AVONDALE, OH

XU has a total enrollment of 6,786 students, in the cozy urban setting

of Norwood. The campus size is 175 acres.

Approximately 65.06% of students are living off

campus, consistent demand for student housing

Xavier is best known for its men’s basketball team, which plays in the NCAA Division I Big East

Conference

0.4 MILES FROM SUBJECT PROPERTY

859

GLENWOOD AVE

(SUBJECT)

Walgreen’s

McDonalds

FINANCIAL

INFORMATION

2020

Financial Analysis

Unit Type: No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

One Bedroom Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

1x1 2 Units 550 SF 1,100 SF $550.00 $1.00 SF $1,100.00 $625.00 $1.14 SF $1,250.00

Totals / Wtd. Averages 2 Units 550 SF 1,100 SF $550.00 $1.00 SF $1,100.00 $625.00 $1.14 SF $1,250.00

Unit Type: No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

Three Bedroom Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

2x1 6 Units 850 SF 5,100 SF $600.00 $0.70 SF $3,600.00 $775.00 $0.91 SF $4,650.00

Totals / Wtd. Averages 6 Units 850 SF 5,100 SF $600.00 $0.70 SF $3,600.00 $775.00 $0.91 SF $4,650.00

Summary No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

Unit Type Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

One Bedroom 2 Units 550 SF 1,100 SF $550.00 $1.00 SF $1,100.00 $625.00 $1.14 SF $1,250.00

Three Bedroom 6 Units 850 SF 5,100 SF $600.00 $0.70 SF $3,600.00 $775.00 $0.91 SF $4,650.00

Totals / Averages 8 Units 775 SF 6,200 SF $587.50 $0.78 SF $4,700.00 $737.50 $0.97 SF $5,900.00

FINANCIALS | Unit Detai ls

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FINANCIALS | Rent Rol l

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FINANCIALS | Income & Expenses

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CURRENT 859 GlenwoodPROFORMA 859 Glenwood

Units: 8 88

Income:

Gross Potential RentAnnual - $587 avg

$ 56,400Annual - $737 avg

$ 70,800

Other IncomeAnnual

$ 1,100 Annual $ 1,100

Less: Vacancy, Concessions, & Bad Debt 12.5% -$ 7,050 12.5% -$ 8,850

Effective Gross Income $ 50,450 $ 63,050

Operating Expenses:

(some expenses are estimated)

Management Fee 7.5% $ 3,784 7.5% $ 4,729

Real Estate TaxesAnnual - (actual)

$ 3,896 Annual - (actual) $ 3,896

InsuranceAnnual

$ 2,200Annual

$ 2,200

Repairs & MaintenanceAnnual

$ 5,549Annual

$ 4,800

UtilitiesAnnual

$ 5,447Annual - RUB

$ 3,500

Waste ManagementAnnual

$ 744Annual

$ 744

Landscaping & Snow RemovalAnnual

$ 1,000Annual

$ 1,000

Legal & ProfessionalAnnual

$ 750Annual

$ 750

Structural Reserve $250 $ 2,000$250

$ 2,000

Total Operating Expenses $ 25,370 $ 23,619

Total Operating Expenses Per Unit %$3,171.23

50.3% $2,952.34 37.5%

Net Operating Income $ 25,080 $ 39,431

PURCHASE PRICE

$315,000.00

PREPARE D &P R E S E N T E D B Y: