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
3
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
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HQ
80+
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Offices
2,500
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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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SHASHI’S APARTMENT HOMES
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