College Crest 24

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COLLEGE
2024 OFFERING MEMORANDUM 1506 North Bend Rd, Cincinnati, Ohio
CREST
CONTENTS LEAD AGENTS Austin Sum Senior Associate Cincinnati Office D. 513.878.7747 austin.sum@marcusmillichap.com Nick Andrews First Vice President Investments Cincinnati Office D. 513.878.7741 nicholas.andrews@marcusmillichap.com Jordan Dickman First Vice President Investments Cincinnati Office D. 513.878.7735 jordan.dickman@marcusmillichap.com Upper College Crest Lower College Crest Local Competitors Financials 8 12 16 20 SECTIONS

“OUR COMMITMENT IS TO HELP OUR CLIENTS CREATE AND PRESERVE WEALTH BY PROVIDING THEM WITH THE BEST REAL ESTATE INVESTMENT SALES, FINANCING, RESEARCH AND ADVISORY SERVICES AVAILABLE.” 300 WEST 4TH STREET, CINCINNATI, OH

GLOBAL REACH, LOCAL EXPERTISE

$86.3B

VALUE OF RECENTLY CLOSED TRANSACTIONS

12,272

CLOSED SALES IN MOST RECENT YEAR

$12.8B

TOTAL VALUE OF RECENT LISTINGS

2,143

CLOSED FINANCINGS IN MOST RECENT YEARS

CALABASAS, CALIFORNIA | HQ 2,500 | EMPLOYEES 80+ | OFFICES
CINCINNATI DAYTON LEXINGTON LOUISVILLE

YOUR TEAM

JORDAN DICKMAN

FIRST VICE PRESIDENTS DIRECTOR, NMHG

NICK ANDREWS

FIRST VICE PRESIDENTS DIRECTOR, NMHG

AUSTIN SUM

SENIOR INVESTMENT ASSOCIATE

AUSTIN Hall

INVESTMENT ASSOCIATE

ALDEN SIMMS

INVESTMENT ASSOCIATE

CORPORATE SUPPORT

LIZ POPP

MIDWEST OPERATIONS MANAGER

JOSH CARUANA

VICE PRESIDENT

REGIONAL MANAGER

INDIANAPOLIS | CINCINNATI | LOUISVILLE | ST LOUIS | KANSAS CITY

JOHN SEBREE

SENIOR VICE PRESIDENT

NATIONAL DIRECTOR

NATIONAL MULTI HOUSING GROUP

MICHAEL GLASS

SENIOR VICE PRESIDENT

MIDWEST DIVISION MANAGER

NATIONAL DIRECTOR, MANUFACTURED HOME COMMUNITIES GROUP

BROKER SUPPORT

SAM PETROSino

VALUATION & RESEARCH

BRETT MARTIN

INTERNAL ACCOUNTANT

MARKETING

UPPER & LOWER COLLEGE CREST

SUMMARY (UPPER)

BUILT 1957 # OF UNITS 44

UNIT SIZE 667

# OF 1 BEDROOMS 32

# OF 2 BEDROOMS 12

total units

SUMMARY(LOWER) YEAR BUILT 1974 # OF UNITS 59

UNIT SIZE 667

# OF 1 BEDROOMS 43

# OF 2 BEDROOMS 15

UNIT MIX SUMMARY

QUICK FACTS

• Average Economic Vacancy 4.11% since September 2022

• Loss-to-lease recovery opportunity, 87% of leases are currently month-to-month.

• $39,600 yearly income of loss-to-lease able to recapture

• Management Fee Opportunity | Currently at 9.01% • Taxes recently reassessed in 2023

YEAR
AVG
AVG
AVERAGE EFFECTIVE MARKET PROJECTED UNIT TYPE NO. OF UNITS RENTABLE SF TOTAL SF RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL SUMMARY Studio 1 Units 450 SF 450 SF $725.00 $1.61 $725 $725.00 $1.61 SF $725 $725.00 $1.61 SF $725 One Bedroom 75 Units 700 SF 52,500 SF $781.40 $1.12 $58,605 $818.67 $1.17 SF $61,400 $885.00 $1.26 SF $66,375 Two Bedroom 27 Units 850 SF 22,950 SF $980.02 $1.15 $26,460 $1,006.19 $1.18 SF $27,167 $1,036.19 $1.22 SF $27,977 Totals / Wtd. Averages 103 Units 737 SF 75,900 SF $832.92 $1.13 SF $85,791 $866.91 $1.18 SF $89,292 $923.08 $1.25 SF $95,077
103

LOWER COLLEGE CREST

UPPER COLLEGE CREST

UPPER COLLEGE CREST

Property Address: 5458 & 5466 Hamilton Ave 1441 & 1451 Hillcrest Rd

City, State, Zip: Cincinnati, Ohio 45224

Submarket: College Hill

County: Hamilton County

Year Built/Reno: 1957

Property Type: Market

Number Of Units: 44

Avg Unit Size: 667

Rentable Sqft: 32,600

Number of Parcels: 4

Lot Size (Acres): 1.47 Acres

Occupancy: 95%

# of Buildings: 4 (11 unit buildings)

Electric: Resident Paid

Gas: Property Paid

Water/Sewer: Property Paid

Trash: Property Paid

Cable/Internet: Resident Paid

Foundation: Slab Concrete

Framing: Wood Frame

Roof Type/Age: Flat - Rubberized

Exterior: Brick

PROPERTY DETAILS
UPPER COLLEGE CREST CINCINNATI, OH 5458 & 5466 Hamilton Ave | 1441 & 1451 Hillcrest Rd 4 3 2 1

LOWER COLLEGE CREST

Property Address: 5400 & 5424 Hamilton Ave

City, State, Zip: Cincinnati, Ohio 45224

Submarket: College Hill

County: Hamilton County

Year Built/Reno: 1974

Property Type: Market

Number Of Units: 59

Avg Unit Size: 667

Rentable Sqft: 43,400

Number of Parcels: 3

Lot Size (Acres): 4.65 Acres

Occupancy: 97%

# of Buildings: 2 (4 story buildings)

Electric: Resident Paid

Gas: Property Paid

Water/Sewer: Property Paid

Trash: Property Paid

Cable/Internet: Resident Paid

Foundation: Slab Concrete

Framing: Wood Frame

Roof Type/Age: Flat - Rubberized

Exterior: Brick

PROPERTY DETAILS
1 2
1 2
CINCINNATI, OH 5400 & 5424 Hamilton Ave
LOWER COLLEGE CREST
1 PROVIDENCE POINTE 2 FOUR WORLDS APTS 3 THE BRADFORD 4 BELMONT APTS 5 SUNRISE TOWNHOMES 6 COMPTON LAKE 7 NORTHWOODS APTS 8 LAKE OF THE WOODS APTS 2 1 3 4 5 6 7 8 UPPER COLLEGE CREST LOWER COLLEGE CREST local competitors

ONE BEDROOM

TWO BEDROOM

ONE BEDROOM # UNITS AVG RENT Compton Lake 83 $1,100 Lake of the Woods Apts 123 $1,050 Four World Apartments 25 $945 Providence Pointe 46 $899 Subject Pro Forma 114 $885 The Bradford 25 $800 Subject Average Effective 114 $780 Northwoods Apartments 25 $775 Belmont Apartments 25 $775 Sunrise Townhomes 18 $675 Two Bedroom Compton Lake 80 $1,225 Lake of the Woods Apts 112 $1,155 Four World Apartments 155 $1,125 Providence Pointe 30 $1,069 Sunrise Townhomes 11 $1,050 Belmont Apartments 33 $1,036 Subject Pro Forma 32 $1,000 Subject Average Effective 33 $980 Northwoods Apartments 90 $915
UNITS 55 YEAR BUILT 1960 OCCUPANCY N/A UNIT MIX UNITS SQFT RENT RENT/SF One Bedroom 25 592 $899 $1.52 Two Bedroom 30 775 $1,069 $1.38 UNITS 201 YEAR BUILT 1971 OCCUPANCY 98.0% UNIT MIX UNITS SQFT RENT RENT/SF One Bedroom 46 819 $945 $1.15 Two Bedroom 155 996 $1,125 $1.13 5852 RENEE CT 8292 FOUR WORLDS DR providence pointe four worlds apartments
UNITS 137 YEAR BUILT 1969 OCCUPANCY 96.4% UNIT MIX UNITS SQFT RENT RENT/SF Studio 112 450 $657 $1.46 One Bedroom 25 600 $800 $1.33 UNITS 8 YEAR BUILT 1952 OCCUPANCY 87.5% UNIT MIX UNITS SQFT RENT RENT/SF Two Bedroom 8 950 $1,000 $1.05 1500 GROESBECK RD 5928 BELMONT AVENUE the bradford BELMONT APARTMENTS

PRICING SUMMARY

COLLEGE CREST - FINANCIALS ALL-IN CAP RATE CASH-ON-CASH RETURNS PRICE PER UNIT PER RSF T3 NO TAX ADJ. T3 TAX ADJ. YEAR 1 T3 NO TAX ADJ. T3 TAX ADJ. YEAR 1 YEAR 2 Year 3 (Fully Amortizing) $7,570,500 $73,500 $99.74 5.72% 5.11% 6.61% 3.07% 1.04% 6.05% 6.93% 7.84% $7,450,333 $72,333 $98.16 5.81% 5.19% 6.72% 3.12% 1.06% 6.14% 7.04% 7.96% $7,330,167 $71,167 $96.58 5.90% 5.28% 6.83% 3.17% 1.07% 6.24% 7.15% 8.10% $7,210,000 $70,000 $94.99 6.00% 5.36% 6.94% 3.22% 1.09% 6.35% 7.27% 8.23% $7,089,833 $68,833 $93.41 6.10% 5.45% 7.06% 3.28% 1.11% 6.46% 7.40% 8.37%
$67,667 $91.83 6.21% 5.55% 7.18% 3.33% 1.13% 6.57% 7.52% 8.51% $6,849,500 $66,500 $90.24 6.32% 5.65% 7.31% 3.39% 1.15% 6.68% 7.66% 8.66%
$6,969,667

UNIT MIX BREAKDOWN

Two Bedroom

AVERAGE EFFECTIVE MARKET PROJECTED UNIT TYPE NO. OF UNITS RENTABLE SF TOTAL SF RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL Studio 0BR/1BA - College Crest - Lower - 1 Units 450 SF 450 SF $725.00 $1.61 SF $725 $725.00 $1.61 SF $725 $725.00 $1.61 SF $725 Totals / Wtd. Averages 1 Units 450 SF 450 SF $725.00 $1.61 SF $725 $725.00 $1.61 SF $725 $725.00 $1.61 SF $725 One Bedroom 1BR/1BA - College Crest - Lower 36 Units 700 SF 25,200 SF $765.15 $1.09 SF $27,545 $800.00 $1.14 SF $28,800 $885.00 $1.26 SF $31,860 1BR/1BA - College Crest - Lower - 7 Units 700 SF 4,900 SF $807.14 $1.15 SF $5,650 $850.00 $1.21 SF $5,950 $885.00 $1.26 SF $6,195 1BR/1BA - College Crest - Upper 11 Units 700 SF 7,700 SF $760.71 $1.09 SF $8,368 $800.00 $1.14 SF $8,800 $885.00 $1.26 SF $9,735 1BR/1BA - College Crest - Upper - 21 Units 700 SF 14,700 SF $811.52 $1.16 SF $17,042 $850.00 $1.21 SF $17,850 $885.00 $1.26 SF $18,585 Totals / Wtd. Averages 75 Units 700 SF 52,500 SF $781.40 $1.12 SF $58,605 $818.67 $1.17 SF $61,400 $885.00 $1.26 SF $66,375
2BR/1BA - College Crest - Lower 10 Units 850 SF 8,500 SF $927.50 $1.09 SF $9,275 $950.00 $1.12 SF $9,500 $995.00 $1.17 SF $9,950 2BR/1BA - College Crest - Lower - 5 Units 850 SF 4,250 SF $1,087.00 $1.28 SF $5,435 $1,087.00 $1.28 SF $5,435 $1,087.00 $1.28 SF $5,435 2BR/1BA - College Crest - Upper 8 Units 850 SF 6,800 SF $921.43 $1.08 SF $7,371 $950.00 $1.12 SF $7,600 $995.00 $1.17 SF $7,960
- College Crest - Upper - 4 Units 850 SF 3,400 SF $1,094.75 $1.29 SF $4,379 $1,158.00 $1.36 SF $4,632 $1,158.00 $1.36 SF $4,632 Totals / Wtd. Averages 27 Units 850 SF 22,950 SF $980.02 $1.15 SF $26,460 $1,006.19 $1.18 SF $27,167 $1,036.19 $1.22 SF $27,977
2BR/1BA
COLLEGE CREST - FINANCIALS
UNIT DISTRIBUTION UNIT RENTS

& EXPENSES

CRESTFINANCIALS T12 RENT ROLL: AS OF MAY 1, 2024 INCOME AND EXPENSES: MAY 2023 - APRIL 2024 T6 TRAILING 6 MONTH INCOME ASSUMED CONTROLLABLE EXPENSES GROSS POTENTIAL RENT % of GPR Per Unit % of GPR Per Unit All Units at Market Rent $1,071,504 RR 10,403 $1,071,504 RR 10,403 Gain (Loss) to Lease ($39,792) 3.71% (386) ($39,792) 3.71% (386) GROSS SCHEDULED RENT $1,031,712 RR 10,017 $1,031,712 RR 10,017 Other Income Laundry Income $10,698 T12 1.04% 104 $10,698 T12 1.04% 104 Late/NSF Fees $6,641 T12 0.64% 64 $6,641 T12 0.64% 64 Total Other Income $17,339 1.68% 168 $17,339 1.68% 168 GROSS POTENTIAL INCOME $1,049,051 10,185 $1,049,051 10,185 Physical Vacancy ($104,930) T12 Economic 10.17% (1,019) ($87,629) T6 Economic 8.49% (851) Bad Debt $0 0.00% 0 $0 0.00% 0 EFFECTIVE GROSS INCOME $944,121 86.12% 9,166 $961,422 87.79% 9,334 NON-CONTROLLABLE Real Estate Taxes % of EGI Per Unit % of EGI 2023 Taxes Paid $109,292 Auditor 11.58% 1,061 $109,292 Auditor 11.37% 1,061 Total Real Estate Taxes $109,292 11.58% 1,061 $109,292 11.37% 1,061 Insurance $34,189 T12 3.62% 332 $34,189 T12 3.56% 332 Utilities Gas & Electric $32,136 T12 3.40% 312 $32,136 T12 3.34% 312 Water & Sewage $69,946 T12 7.41% 679 $69,946 T12 7.28% 679 Trash Removal $8,382 T12 0.89% 81 $8,382 T12 0.87% 81 Sewer Lift Station Service $9,589 T12 1.02% 93 $9,589 T12 1.00% 93 Utilities $120,052 12.72% 1,166 $120,052 12.49% 1,166 Total Non-Controllable $263,533 27.91% 2,559 $263,533 27.41% 2,559 CONTROLLABLE Contract Services Landscaping/Grounds/Snow $22,992 T12 2.44% 223 $23,175 2.41% 225 Pest Control $15,082 T12 1.60% 146 $7,725 0.80% 75 Total Contract Services $38,074 4.03% 370 $30,900 3.21% 300 Repairs & Maintenance $50,100 T12 5.31% 486 $61,800 6.43% 600 Marketing & Promotion $0 0.00% 0 $7,725 0.80% 75 On-Site Payroll $68,946 T12 7.30% 669 $92,700 9.64% 900 Payroll Taxes & Benefits $0 0.00% 0 $10,300 1.07% 100 General & Administrative $5,679 T12 0.60% 55 $7,725 0.80% 75 Management Fee $86,320 T12 9.14% 838 $48,071 5.00% 519 Replacement & Reserves $30,367 T12 3.22% 295 $30,900 3.21% 300 Total Controllable $279,485 29.60% 2,713 $290,121 30.18% 2,869 TOTAL EXPENSES $543,018 57.52% 5,272 $553,654 57.59% 5,375 NET OPERATING INCOME $355,056 37.61% 3,447 $407,768 42.41% 3,959 EXPENSE INCOME
COLLEGE
INCOME
UNDERWRITING NOTES # NOTE 1 Replacement & Reserves: added based on market norm of $255 per unit per year T3 YEAR 1 % of GPR Per Unit % of GPR Per Unit $1,071,504 RR 10,403 $1,140,924 11,077 ($39,792) 3.71% (386) ($22,818) 2.00% (222) $1,031,712 RR 10,017 $1,118,106 10,855 $10,698 T12 1.04% 104 $11,019 0.99% 107 $6,641 T12 0.64% 64 $6,840 0.61% 66 $17,339 1.68% 168 $17,859 1.60% 173 $1,049,051 10,185 $1,135,965 11,029 ($109,768) T3 Economic 10.64% (1,066) ($55,905) 5.00% (543) $0 0.00% 0 ($11,181) 1.00% (109) $939,283 85.65% 9,119 $1,068,878 92.00% 10,377 % of EGI Per Unit % of EGI Per Unit $109,292 Auditor 11.64% 1,061 $109,292 11.64% 1,061 $109,292 11.64% 1,061 $109,292 11.64% 1,061 $34,189 T12 3.64% 332 $41,200 4.39% 400 $32,136 T12 3.42% 312 $32,778 3.49% 318 $69,946 T12 7.45% 679 $71,344 7.60% 693 $8,382 T12 0.89% 81 $8,549 0.91% 83 $9,589 T12 1.02% 93 $9,781 1.04% 95 $120,052 12.78% 1,166 $122,453 13.04% 1,189 $263,533 28.06% 2,559 $272,945 29.06% 2,650 $23,175 2.47% 225 $23,175 2.17% 225 $7,725 0.82% 75 $7,725 0.72% 75 $30,900 3.29% 300 $30,900 3.29% 300 $61,800 6.58% 600 $61,800 5.78% 600 $7,725 0.82% 75 $7,725 0.72% 75 $92,700 9.87% 900 $92,700 8.67% 900 $10,300 1.10% 100 $10,300 0.96% 100 $7,725 0.82% 75 $7,725 0.72% 75 $46,964 5.00% 519 $53,444 5.00% 519 $30,900 3.29% 300 $30,900 2.89% 300 $289,014 30.77% 2,869 $295,494 28.04% 2,869 $552,547 58.83% 5,365 $568,439 60.52% 5,519 $386,736 41.17% 3,755 $500,440 53.28% 4,859
COLLEGE CRESTFINANCIALS
T12 T6 T3 YR 1 YR 2 YR 3 YR 4 YR 5 YE MAY-2025 YE MAY-2026 YE MAY-2027 YE APR-2028 YE APR-2029 GROSS POTENTIAL RENT All Units at Market Rent $1,071,504 $1,071,504 $1,071,504 $1,140,924 $1,175,152 $1,210,406 $1,246,718 $1,284,120 Gain (Loss) to Lease ($39,792) ($39,792) ($39,792) ($22,818) ($23,503) ($24,208) ($24,934) ($25,682) GROSS SCHEDULED RENT $1,031,712 $1,031,712 $1,031,712 $1,118,106 $1,151,649 $1,186,198 $1,221,784 $1,258,438 Total Other Income $17,339 $17,339 $17,339 $17,859 $18,216 $18,581 $18,952 $19,331 GROSS POTENTIAL INCOME $1,049,051 $1,049,051 $1,049,051 $1,135,965 $1,169,865 $1,204,779 $1,240,736 $1,277,769 Physical Vacancy ($104,930) ($87,629) ($109,768) ($55,905) ($57,582) ($59,310) ($61,089) ($62,922) Bad Debt $0 $0 $0 ($11,181) ($11,516) ($11,862) ($12,218) ($12,584) EFFECTIVE GROSS INCOME $944,121 $961,422 $939,283 $1,068,878 $1,100,766 $1,133,607 $1,167,429 $1,202,263 Real Estate Taxes $109,292 $109,292 $109,292 $109,292 $111,478 $113,707 $115,981 $118,301 Insurance $34,189 $34,189 $34,189 $41,200 $42,024 $42,864 $43,722 $44,596 Utilities $120,052 $120,052 $120,052 $122,453 $124,902 $127,400 $129,948 $132,547 Contract Services $38,074 $30,900 $30,900 $30,900 $31,518 $32,148 $32,791 $33,447 Repairs & Maintenance $50,100 $61,800 $61,800 $61,800 $63,036 $64,297 $65,583 $66,894 Marketing & Promotion $0 $7,725 $7,725 $7,725 $7,880 $8,037 $8,198 $8,362 On-Site Payroll $68,946 $92,700 $92,700 $92,700 $94,554 $96,445 $98,374 $100,341 Payroll Taxes & Benefits $0 $10,300 $10,300 $10,300 $10,506 $10,716 $10,930 $11,149 General & Administrative $5,679 $7,725 $7,725 $7,725 $7,880 $8,037 $8,198 $8,362 Management Fee $86,320 $48,071 $46,964 $53,444 $55,038 $56,680 $58,371 $60,113 Replacement & Reserves $30,367 $30,900 $30,900 $30,900 $31,518 $32,148 $32,791 $33,447 TOTAL EXPENSES $543,018 $553,654 $552,547 $568,439 $580,333 $592,481 $604,888 $617,560 NET OPERATING INCOME $355,056 $407,768 $386,736 $500,440 $520,433 $541,126 $562,541 $584,703 DEBT SERVICE - Proposed New Principal Payments $61,978 $61,978 $61,978 $61,978 $65,800 $69,859 $74,168 $78,742 Interest Payments $301,134 $301,134 $301,134 $301,134 $297,311 $293,253 $288,944 $284,370 TOTAL DS - Proposed New Loan $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 CONSOLIDATED DEBT SERVICE $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 $363,112 NET CASH FLOW AFTER DEBT ($8,056) $44,656 $23,624 $137,328 $157,321 $178,014 $199,429 $221,591 DEBT SERVICE COVERAGE RATIO 0.98 1.12 1.07 1.38 1.43 1.49 1.55 1.61 RETURN ANALYSIS T12 T6 T3 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 CAP Rate (Purchase Price) 4.92% 5.66% 5.36% 6.94% 7.22% 7.51% 7.80% 8.11% 'All-In' CAP Rate (Total Cost) 4.92% 5.66% 5.36% 6.94% 7.22% 7.51% 7.80% 8.11% Cash-on-Cash Return -0.37% 2.06% 1.09% 6.35% 7.27% 8.23% 9.22% 10.24% IRR n/a n/a n/a 3.33% 6.49% 8.33% 9.51% 10.32% INCOME EXPENSE
CASH FLOW
CASH FLOW PROJECTION GROWTH RATE ASSUMPTIONS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 Income Gross Potential Rent 6.48% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% (Loss) / Gain to Lease* 3.71% 3.71% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% Other Income 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Expenses Expenses 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% Management Fee** 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% CASH FLOW PROJECTION GROWTH RATE ASSUMPTIONS YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 Physical Vacancy 8.49% 10.64% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% Non-Revenue Units 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Bad Debt 0.00% 0.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Concessions Allowance 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total Economic Loss 8.49% 10.64% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Tax Breakdown Property Address Parcel ID Year Built Acres Market Value Assessed Value Tax Rate Taxes Payable Land Use Code 1451 Hillcrest Rd (College Crest) 234-0004-0112-00 1957 0.25 $446,730 $156,360 82.074213 $12,833.12 401 - Apartment, 4-19 Units 5466 Hamilton Ave 234-0004-0113-00 1957 0.71 $451,740 $158,110 82.074213 $12,976.76 401 - Apartment, 4-19 Units 5458 Hamilton Ave 234-0004-0114-00 1957 0.00 $427,140 $149,500 82.074213 $12,270.10 401 - Apartment, 4-19 Units 1441 Hillcrest 234-0004-0039-00 1957 0.51 $387,090 $135,490 82.074213 $11,120.24 402 - Apartment, 20-39 Units 5409 Lanius Ln 234-0004-0041-00 1974 2.53 $1,119,740 $391,910 82.074213 $32,165.70 402 - Apartment, 20-39 Units 5409 Lanius Ln 234-0004-0127-00 1973 2.09 $941,290 $329,460 82.074213 $27,040.18 402 - Apartment, 20-39 Units 5409 Lanius Ln 234-0004-0128-00 0.03 $30,830 $10,790 82.074213 $885.58 402 - Apartment, 20-39 Units Total 6.12 $3,804,560 $1,331,620 $109,291.68

COLLEGE CREST

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