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Shashi's Apartment Homes

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SHASHI’S APARTMENT HOMES 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

2025 Cincinnati, Ohio 1


C O N T E N TS

2

Asset Summary

06

Local Competitors

10

The Financials

24


LEAD AGENTS 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

Austin Sum First Vice President Investments Cincinnati Office D. 513.878.7747 austin.sum@marcusmillichap.com

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A Legacy of Success, Built for the Future For more than 50 years, Marcus & Millichap has worked tirelessly to help our clients create and preserve wealth through commercial real estate investment sales as well as debt and equity advisory. Since our founding in 1971, we have grown to more than 80 offices throughout the United States and Canada, including twelve offices here in the Midwest. We also assembled the industry’s largest and most qualified team of specialists to help provide real estate solutions that match your unique investment needs. Connect with an advisor today.

$ 49. 6 B

7,836

$ 1 0. 9 B

1,249

Value Of Recently Closed Transactions

Closed Sales In Most Recent Year

Total Value Of Recent Listings

Closed Financings In Most Recent Years

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Calabasas, California 4

|

HQ

80+

|

Offices

2,500

Sign up

|

Employees


YOUR TEAM

CORPORATE SUPPORT

Jordan Dickman

Liz Popp

First Vi ce Pre s i d e n t Dire c tor, Nmhg

Nick Andrews First Vi ce Pre s i d e n t Dire c tor, Nmhg

Mi d w e st O p erati o n s Man age r

Josh Caruana

Austin Sum

V i ce Pre si d en t Re gi o n al Man age r

First Vi ce Pre s i d e n t

I n d i an ap o l i s | C i n c i n n ati | Lo ui sv i l l e | St Lo u i s | Ka n s a s C i ty

Austin Hall I nve st m e n t As s o c i ate

Alden Simms I nve st m e n t As s o c i ate

Jack Stava I nve st m e n t As s o c i ate

Peter Stanley N ati o n al D i re c to r

N ati o n al Mul ti H o usi n g G ro up

Michael Glas s

I nve st m e n t As s o c i ate

S en i o r V i ce Pre si d e n t Mi d w e st D i v i si o n Man ager N ati o n al D i re c to r, Man ufac ture d Ho m e C o m m u n i t i e s G ro u p

BROKER SUPPORT

OUR LOCATION

Chuck C ombs

S am Petrosino Va lu ati o n & Re s e a rch

Brett Martin I ntern a l Acco u n ta n t

Alex Papa Marke t i n g C o o rd i n ator

300 WEST 4TH STREET CINCINNATI, OHIO

5


SHASHI’S APARTMENT HOMES 17

76 %

1969

12,825

Unit Count

Occupancy

Construction

Rentable SqFt

2064 Oxford Ave. Cincinnati, Ohio 6


SUMMARY PROPERTY DETAILS Property Address:

2064 Oxford Ave

City, State, Zip:

Cincinnati, Ohio

County:

Hamilton County

Year Built:

17 MINS FROM DOWNTOWN CINCINNATI

1969

Number Of Units:

17

Number of Parcels:

1

Lot Size (Acres):

.29

# of Buildings:

1

# of Stories:

3

UNIT MIX SUMMARY CURRENT

MARKET RENTS

PRO FORMA RENTS

7


UNIT INTERIORS

8


9


02

LOCAL COMPARABLES

10


11


RENT MATRIX | ONE BEDROOM

Skytop Apts $1,453

Copper Hill Apts $1,015

Beechmont Towers $1,050

Deer Hill Apts $1,275

Alcove of Turpin $1,195 Subject $911

Sutton Place $1,150

Sutton Park $940

12

Blue Valley $1,145

Vantage at Anderson Towne Center $1,795


One Bedroom Property

Year Built

# Units

Avg SF

Avg Rent

Avg Rent/SF

Vantage at Anderson Towne Center

2024

224

890

$1,795

$2.02

Skytop

2023

361

655

$1,528

$2.33

1977/2009

258

650

$1,275

$1.96

The Alcove

1973

153

658

$1,195

$1.82

Sutton Place

1967

83

650

$1,150

$1.77

Blue Valley

1968

122

650

$1,145

$1.76

The Reserves on Beacon Hill

1971

38

700

$1,050

$1.50

Beechmont Towers

1983

56

850

$1,050

$1.24

Copper Hill Apartments

1972

48

615

$1,015

$1.65

Subject Pro Forma

1972

81

618

$965

$1.56

Washington House Apartments

1963

47

825

$950

$1.15

Sutton Park

1969

52

625

$940

$1.50

Subject Average Effective

1972

81

618

$911

$1.47

Deer Hill Apartments

13


RENT MATRIX | TWO BEDROOM

Skytop Apts $1,899

Copper Hill Apts $1,195

Beechmont Towers $1,300

Deer Hill Apts $1,490 Subject $1,142

2500 Place $1,278

Blue Valley $1,209

Sutton Place $1,495 1726 Sutton $1,300 Sutton Park $1,199

14

Alcove of Turpin $1,395

1801 Beacon $1,250

Vantage at Anderson Towne Center $2,355


Two Bedroom Property

Year Built

# Units

Avg SF

Avg Rent

Avg Rent/SF

Vantage at Anderson Towne Center

2024

224

1232

$2,355

$1.91

Skytop

2023

361

1075

$2,024

$1.88

Sutton Place

1967

83

1000

$1,495

$1.50

1977/2009

258

950

$1,490

$1.57

The Alcove

1973

153

685

$1,395

$2.04

Telegraph Hill Apartments

1971

72

925

$1,325

$1.43

1726 Sutton

1953

8

850

$1,300

$1.53

Beechmont Towers

1983

56

925

$1,300

$1.41

2500 Place

1967

52

925

$1,278

$1.38

Subject Pro Forma

1972

81

874

$1,250

$1.43

The Reserves on Beacon Hill

1971

38

856

$1,250

$1.46

Blue Valley

1968

122

850

$1,209

$1.42

Washington House Apartments

1963

47

900

$1,200

$1.33

Sutton Park

1965

0

1085

$1,199

$1.11

Copper Hill Apartments

1972

48

750

$1,195

$1.59

Subject Average Effective

1972

81

874

$1,142

$1.31

Deer Hill Apartments

15


NOTEWORTHY COMPETITORS - SKYTOP

Units

361

Year Built

2023

Occupancy

88.6%

Unit Mix

# of units

Studio 29 One Bedroom 229 Two Bedroom 92 Three Bed 11

Square Feet

Asking Rent

Rent per SF

532 655 1075 1425

$1,299 $1,528 $2,024 $2,925

$2.44 $2.33 $1.88 $2.05

COMMUNITY AMENITIES • • • •

16

Controlled Access Fitness Center Business Center Clubhouse

• •

Tennis/Pickleball Court Swimming Pool


SKYTOP

17


NOTEWORTHY COMPETITORS - SUTTON PLACE

Units

83

Year Built

1967

Occupancy

95.8%

Unit Mix

# of units

Studio 9 One Bedroom 34 Two Bedroom 35 Three Bed 5

Square Feet

Asking Rent

Rent per SF

450 650 1000 1200

$750 $1,150 $1,495 $1,650

$1.67 $1.77 $1.50 $1.38

COMMUNITY AMENITIES • • • •

18

Laundry Facility Sundeck Fitness Center Pool


SUTTON PLACE

19


NOTEWORTHY COMPETITORS - DEER HILL APTS

Units

258

Year Built

1977/2009

Occupancy

99.6%

Unit Mix

# of units

One Bedroom 138 Two Bedroom 120

Square Feet

Asking Rent

Rent per SF

650 950

$1,275 $1,490

$1.96 $1.57

COMMUNITY AMENITIES • • • •

20

Controlled Access Fitness Center Swimming Pool Laundry Facilities


DEER HILL APTS

21


NOTEWORTHY COMPETITORS - VANTAGE AT ANDERSON

Units

224

Year Built

2024

Occupancy

N/A

Unit Mix

# of units

One Bedroom 73 Two Bedroom 151

Square Feet

Asking Rent

Rent per SF

890 1232

$1,795 $2,355

$2.02 $1.91

COMMUNITY AMENITIES • • • •

22

Controlled Access Fitness Center Business Center Clubhouse

•

Swimming Pool


VANTAGE AT ANDERSON

23


03

THE FINANCIALS

24


25


UNIT MIX BREAKDOWN AV E R A G E E F F E C T I V E

PROJECTED

UNIT TYPE

NO. OF UNITS

R E N TA B L E S F

T O TA L S F

RENT/UNIT

RENT/SF

One Bedroom 1BR/1BA Totals / Wtd. Averages

13 Units 13 Units

725 SF 725 SF

9,425 SF 9,425 SF

$911.15 $911.15

$1.26 SF $1.26 SF

$11,845 $11,845

$945.00 $945.00

$1.30 SF $1.30 SF

$12,285 $12,285

$965.00 $965.00

$1.33 SF $1.33 SF

$12,545 $12,545

Two Bedroom 2BR/1BA 2BR/1BA Totals / Wtd. Averages

2 Units 2 Units 4 Units

850 SF 850 SF 850 SF

1,700 SF 1,700 SF 3,400 SF

$1,072.50 $1,212.50 $1,142.50

$1.26 SF $1.43 SF $1.34 SF

$2,145 $2,425 $4,570

$1,100.00 $1,250.00 $1,175.00

$1.29 SF $1.47 SF $1.38 SF

$2,200 $2,500 $4,700

$1,250.00 $1,250.00 $1,250.00

$1.47 SF $1.47 SF $1.47 SF

$2,500 $2,500 $5,000

UNIT DISTRIBUTION

26

MARKET T O TA L R E N T POTENTIAL

UNIT RENTS

RENT/UNIT

RENT/SF

T O TA L R E N T POTENTIAL

RENT/UNIT

RENT/SF

T O TA L R E N T POTENTIAL

OCCUPANCY


AV E R A G E E F F E CT I V E

MARKET

UNIT TYPE

NO. OF UNITS

R E N TA B L E S F

T O TA L S F

RENT/UNIT

RENT/SF

T O TA L R E N T POTENTIAL

Summary One Bedroom Two Bedroom Totals / Wtd. Averages

13 Units 4 Units 17 Units

725 SF 850 SF 754 SF

9,425 SF 3,400 SF 12,825 SF

$911.15 $1,142.50 $965.59

$1.26 $1.34 $1.28 SF

$11,845 $4,570 $16,415

RENT/UNIT

$945.00 $1,175.00 $999.12

P RO J E CT E D

RENT/SF

TOTA L R E N T P OT E N T I A L

RENT/UNIT

RENT/SF

TOTA L R E N T P OT E N T I A L

$1.30 SF $1.38 SF $1.32 SF

$12,285 $4,700 $16,985

$965.00 $1,250.00 $1,032.06

$1.33 SF $1.47 SF $1.37 SF

$12,545 $5,000 $17,545

27


INCOME

INCOME & EXPENSES GROSS POTENTIAL RENT All Units at Market Rent Gain (Loss) to Lease GROSS SCHEDULED RENT TOTAL OTHER INCOME GROSS POTENTIAL INCOME Physical Vacancy Bad Debt EFFECTIVE GROSS INCOME

Rent Roll: As of May 2025 Income and Expenses: Broker Assumed

CURRENT $203,820 RR ($6,840)

$196,980 RR $9,350 $206,330 ($9,849) Added $0 $196,481

% of GPR 3.36%

Per Unit 11,989 (402)

5.00% 0.00% 91.64%

11,587 550 12,137 (579) 0 11,558

4.75%

YEAR 1 $210,540 ($4,211)

% of GP

2.00

$206,329 $9,631 $215,960 ($10,316) ($2,063) $203,580

5.00 1.00 92.00

4.67

EXPENSE

NON-CONTROLLABLE Real Estate Taxes

% of EGI

Per Unit

2023 Taxes

$13,855 Auditor

7.05%

815

$13,855

6.8

Adjustment for Sale

$11,794

6.00%

694

$11,794

5.79

Total Real Estate Taxes

$25,649

13.05%

1,509

$25,649

12.60

Insurance

$9,350 Broker Assumed

4.76%

550

$9,350

4.59

Utilities

$21,952 T12

11.17%

1,291

$22,391

11.00

Total Utilities

$21,952

11.17%

1,291

$22,391

11.00

Total Non-Controllable

$56,951

28.99%

3,350

$57,390

28.19

Landscaping/Grounds

$1,275 Broker Assumed

0.65%

75

$1,275

0.63

Pest Control

$595 Broker Assumed

0.30%

35

$595

0.29

Total Contract Services

$1,870

0.95%

110

$1,870

0.92

Repairs & Maintenance

$11,900 Broker Assumed

6.06%

700

$11,900

5.85

Marketing & Promotion

$1,700 Broker Assumed

0.87%

100

$1,700

0.84

Labor

$16,150 Broker Assumed

8.22%

950

$16,150

7.93

General & Administrative

$1,275 Broker Assumed

0.65%

75

$1,275

0.63

Management Fee

$15,718 Broker Assumed

8.00%

925

$16,286

8.00

Utilities

CONTROLLABLE Contract Services

28

Replacement & Reserves

$5,100 Note 1

2.60%

300

$5,202

2.56

Total Controllable

$53,713

27.34%

3,160

$54,383

26.71

TOTAL EXPENSES

$110,664

56.32%

6,510

$111,773

54.90

NET OPERATING INCOME

$85,817

43.68%

5,048

$91,807

45.10


PR

0%

7%

0% 0% 0%

UNDERWRITING NOTES 1

Per Unit

12,385 (248)

12,137 567 12,704 (607) (121) 11,975

YEAR 2 $216,856 ($4,337)

$212,519 $9,919 $222,438 ($10,626) ($2,125) $209,687

% of EGI

% of GPR 2.00%

4.67%

Per Unit 12,756 (255) 12,501

5.00% 1.00% 92.00%

583 13,085 (625) (125) 12,335

Replacement & Reserves: added based on market norm of $300 per unit per year

YEAR 3 $223,362 ($4,467) $218,895 $10,217 $229,112 ($10,945) ($2,189) $215,978

% of GPR

Per Unit

2.00%

(263)

4.67% 5.00% 1.00% 92.00%

13,139

12,876

601 13,477 (644) (129) 12,705

% of EGI

Per Unit

81%

815

$13,855

6.61%

815

$13,855

6.61%

% of EGI 815

9%

694

$11,794

5.62%

694

$11,794

5.62%

694

0%

1,509

$25,649

12.23%

1,509

$25,649

12.23%

1,509

9%

550

$9,537

4.55%

561

$9,728

4.64%

572

0%

1,317

$22,839

10.89%

1,343

$23,296

11.11%

1,370

0%

1,317

$22,839

10.89%

1,343

$23,296

11.11%

1,370

9%

3,376

$58,025

27.67%

3,413

$58,672

27.98%

3,451

3%

75

$1,301

0.62%

77

$1,327

0.63%

78

9%

35

$607

0.29%

36

$619

0.30%

36

2%

110

$1,907

0.91%

112

$1,946

0.93%

114

5%

700

$12,138

5.79%

714

$12,381

5.90%

728

4%

100

$1,734

0.83%

102

$1,769

0.84%

104

3%

950

$16,473

7.86%

969

$16,802

8.01%

988

3%

75

$1,301

0.62%

77

$1,327

0.63%

78

0%

958

$16,775

8.00%

987

$17,278

8.00%

987

6%

306

$5,306

2.53%

312

$5,412

2.58%

318

1%

3,199

$55,634

26.53%

3,273

$56,914

26.90%

3,318

0%

6,575

$113,658

54.20%

6,686

$115,586

55.12%

6,799

0%

5,400

$96,029

45.80%

5,649

$100,392

47.88%

5,905

29


EXPENSE

INCOME

CASH FLOW

30

CURRENT

YR 1 YE MAY-2026

YR 2 YE MAY-2027

YR 3 YE APR-2028

YR 4 YE APR-2029

YR 5 YE APR-2030

YR 6 YE APR-2031

YR 7 YE APR-2032

GROSS POTENTIAL RENT All Units at Market Rent Gain (Loss) to Lease GROSS SCHEDULED RENT TOTAL OTHER INCOME GROSS POTENTIAL INCOME Physical Vacancy Bad Debt EFFECTIVE GROSS INCOME

$203,820 ($6,840) $196,980 $9,350 $206,330 ($9,849) $0 $196,481

$210,540 ($4,211) $206,329 $9,631 $215,960 ($10,316) ($2,063) $203,580

$216,856 ($4,337) $212,519 $9,919 $222,438 ($10,626) ($2,125) $209,687

$223,362 ($4,467) $218,895 $10,217 $229,112 ($10,945) ($2,189) $215,978

$230,063 ($4,601) $225,461 $10,421 $235,883 ($11,273) ($2,255) $222,355

$236,965 ($4,739) $232,225 $10,630 $242,855 ($11,611) ($2,322) $228,922

$244,074 ($4,881) $239,192 $10,842 $250,034 ($11,960) ($2,392) $235,683

$251,396 ($5,028) $246,368 $11,059 $257,427 ($12,318) ($2,464) $242,645

Real Estate Taxes Insurance Utilities Contract Services Repairs & Maintenance Marketing & Promotion Labor General & Administrative Management Fee Replacement & Reserves TOTAL EXPENSES

$25,649 $9,350 $21,952 $1,870 $11,900 $1,700 $16,150 $1,275 $15,718 $5,100 $110,664

$25,649 $9,350 $22,391 $1,870 $11,900 $1,700 $16,150 $1,275 $16,286 $5,202 $111,773

$25,649 $9,537 $22,839 $1,907 $12,138 $1,734 $16,473 $1,301 $16,775 $5,306 $113,658

$25,649 $9,728 $23,296 $1,946 $12,381 $1,769 $16,802 $1,327 $17,278 $5,412 $115,586

$26,162 $9,922 $23,762 $1,984 $12,628 $1,804 $17,139 $1,353 $17,788 $5,520 $118,063

$26,685 $10,121 $24,237 $2,024 $12,881 $1,840 $17,481 $1,380 $18,314 $5,631 $120,594

$27,219 $10,323 $24,722 $2,065 $13,139 $1,877 $17,831 $1,408 $18,855 $5,743 $123,180

$27,763 $10,530 $25,216 $2,106 $13,401 $1,914 $18,188 $1,436 $19,412 $5,858 $125,823

NET OPERATING INCOME

$85,817

$91,807

$96,029

$100,392

$104,292

$108,328

$112,503

$116,821

DEBT SERVICE - Proposed New Loan Principal Payments Interest Payments TOTAL DS - Proposed New Loan

$12,526 $60,859 $73,385

$12,526 $60,859 $73,385

$13,298 $60,087 $73,385

$14,118 $59,266 $73,385

$14,989 $58,396 $73,385

$15,914 $57,471 $73,385

$16,895 $56,490 $73,385

$17,937 $55,448 $73,385

CONSOLIDATED DEBT SERVICE

$73,385

$73,385

$73,385

$73,385

$73,385

$73,385

$73,385

$73,385

NET CASH FLOW AFTER DEBT SERVICE DEBT SERVICE COVERAGE RATIO

$12,432 1.17

$18,422 1.25

$22,644 1.31

$27,007 1.37

$30,907 1.42

$34,943 1.48

$39,118 1.53

$43,437 1.59

Return Analysis CAP Rate (Purchase Price) 'All-In' CAP Rate (Total Cost) Cash-on-Cash Return IRR

Trailing 6.31% 6.31% 3.66% n/a

Yr 1 6.75% 6.75% 5.42% -0.18%

Yr 2 7.06% 7.06% 6.66% 8.74%

Yr 3 7.38% 7.38% 7.94% 14.42%

Yr 4 7.67% 7.67% 9.09% 15.11%

Yr 5 7.97% 7.97% 10.28% 15.45%

Yr 6 8.27% 8.27% 11.51% 15.62%

Yr 7 8.59% 8.59% 12.78% 15.71%


CASH FLOW PROJECTION GROWTH RATE ASSUMPTIONS

YR 1

YR 2

YR 3

YR 4

YR 5

YR 6

YR 7

YR 7

INCOME Gross Potential Rent (Loss) / Gain to Other Income EXPENSES

3.30% 2.00% 3.00%

Management Fee**

8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 8.00%

3.00% 2.00% 3.00% 2.00% 4.50%

Physical Vacancy Non-Revenue Units Bad Debt Concessions

5.00% 0.00% 1.00% 0.00% 6.00%

YR 1

Total Economic Loss

YR 2

5.00% 0.00% 1.00% 0.00% 6.00%

YR 3

5.00% 0.00% 1.00% 0.00% 6.00%

YR 4

5.00% 0.00% 1.00% 0.00% 6.00%

YR 5

5.00% 0.00% 1.00% 0.00% 6.00%

YR 6

5.00% 0.00% 1.00% 0.00% 6.00%

YR 7

5.00% 0.00% 1.00% 0.00% 6.00%

YR 7

5.00% 0.00% 1.00% 0.00% 6.00%

31


PRICING P U RC H AS E P R I C E

Target Purchase Price Per Unit

A N A LYS I S A S S U M P T I O N S

$1,360,000 $80,000

Analysis Period

$106.04

Terminal Cap Rate

Per RSF

R E N T S U M M A R Y ( M O N T H LY )

10.00 Years May-2025 6.50% 6.00%

Analysis Start Date Cost of Sale

AC Q U I S I T I O N / A D D I T I O N A L Projected Capital Expenditures Renovation Cost Closing Costs Transfer Tax Total Loan Fees Total Acquisition Costs P U RC H A S E P R I C E Total Cost Per Unit Per RSF

Cash on Cash Return Internal Rate of Return (IRR) CAP Rate (Purchase Price) CAP Rate ("All-In") Gross Revenue Multiplier (GRM)

$0 $0 $0 $0 $0 $0

AC Q U I S I T I O N F I N A N C I N G S U M M A R Y Loan to Value (LTV) Loan to Cost (LTC) Existing or Proposed Loan Origination Date Interest Rate Years Interest Only

$1,360,000 $80,000 $106.04

32

$340,000 25.00% 25.00%

Equity Required Equity to Value Equity to Cost

$966 $999 $1,032

T O TA L E X P E N S E S S U M M A RY ( P E R U N I T ) Trailing Year 1 Year 2

$6,510 $6,575 $6,686

N O I S U M M A RY Trailing Year 1 Year 2

$85,817 $91,807 $96,029

E C O N O M I C L O S S S U M M A RY Trailing Year 1 10-Year Projected Avg.

5.00% 6.00% 6.00%

TRAILING

YR 1

YR2

YR 3

YR 4

YR 5

YR 6

YR 7

YR 8

YR 9

YR 10

3.66% n/a 6.31% 6.31% 6.90

5.42% -0.18% 6.75% 6.75% 6.59

6.66% 8.74% 7.06% 7.06% 6.40

7.94% 14.42% 7.38% 7.38%

9.09% 15.11% 7.67% 7.67%

10.28% 15.45% 7.97% 7.97%

11.51% 15.62% 8.27% 8.27%

12.78% 15.71% 8.59% 8.59%

14.09% 15.74% 8.92% 8.92%

15.45% 15.75% 9.26% 9.26%

16.85% 15.74% 9.61% 9.61%

Tax Reassessment Calculator

Desired Reassessment % Current Taxes / Market Value Ratio Ratio x Proposed Price New Taxes x Desired Reassessment % Total Tax Adjustment

$1,020,000 75.00% 75.00% Proposed May-2025 6.00% 0.00

Loan Amount

Avg. Effective Rent Avg. Current Market Rent Avg. Projected Rent

65% 2.9014% $39,459.45 $25,648.64 $11,793.73


A L L- I N C A P R AT E

CAS H - O N - CAS H R E T U R N S

PRICE

PER UNIT

P E R RS F

TRAILING

YEAR 1

YEAR 2

TRAILING

YEAR 1

YEAR 2

Y E A R 3 ( F U L LY A M O R T I Z I N G )

$1,428,000 $1,405,333 $1,382,667 $1,360,000 $1,337,333 $1,314,667 $1,292,000

$84,000 $82,667 $81,333 $80,000 $78,667 $77,333 $76,000

$111.35 $109.58 $107.81 $106.04 $104.28 $102.51 $100.74

6.01% 6.11% 6.21% 6.31% 6.42% 6.53% 6.64%

6.43% 6.53% 6.64% 6.75% 6.86% 6.98% 7.11%

6.72% 6.83% 6.95% 7.06% 7.18% 7.30% 7.43%

3.48% 3.54% 3.60% 3.66% 3.72% 3.78% 3.85%

5.16% 5.24% 5.33% 5.42% 5.51% 5.61% 5.70%

6.34% 6.45% 6.55% 6.66% 6.77% 6.89% 7.01%

7.56% 7.69% 7.81% 7.94% 8.08% 8.22% 8.36%

Marketing the asset without a specific price allows us to customize our sales approach to each investor’s specific rehab costs, cost of debt and minimum return requirements. Thus facilitating a competitive bidding environment and ultimately maximizing the value of the Property.

SUGGESTED LIST PRICE: MARKET BID

Property Address 2064 Oxford Ave Total

Parcel ID 001-0002-0106-00

Year Built 1969

Acres 0.29

Tax Breakdown Market Value $477,520

Assessed Value $167,130

0.29

$477,520

$167,130

Tax Rate 82.285219

Taxes Payable $13,854.91 $13,854.91

Land Use Code 401 - Apartment, 4-19 Units

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CONFIDENTIALITY AND 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 Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap 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. Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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 Marcus & Millichap 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, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, 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 YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. ACTIVITY ID: ZAF0360031 Michael Glass Broker of Record 500 Neil Ave., Ste. 100 Columbus, OH 43215 P: (614) 360-9800 Lie. # BRK.2007005898

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