Multi Use Property | Zachary Herbst

ZACHARY HERBST

FOURTH YEAR ARCHITECTURE MULTI-USE PROPERTY WILLIAM WILLIAMS

EXISTING BUILDING

THE COLLECTIVE AT GLENDORA

2619 GLENDORA AVE. CINCINNATI, OH 45219 PRICE: $300,000 ESTIMATED RENOVATION: $300,000 TOTAL INVESTMENT:

$600,000

12,000 SF 3 STORY .10 ACRES, 50’X80’ 50’ OF STOREFRONT BUILT IN 1930 RENOVATED IN 2003 CENTRAL AIR CONDITIONING GAS HEATING KEY FEATURE: DRIVE-IN DOORS

PROJECT BRIEF: 2619 GLENDORA WAS BUILT IN 1930 AS A DRIVE IN APARTMENT BUILDING. THE BUILDING HAD A RAMP FOR VEHICLES THAT ACCESSED ALL THREE LEVELS. OVER THE PAST NINETY YEARS, THE BUILDING HAS BEEN USED FOR NUMEROUS DIFFERENT TYPES OF OCCUPANCY. THE LOCATION OF THE BUILDING WOULD BE A PRIME SPOT FOR STUDENT APARTMENTS AND ALSO ANY RETAIL OR RESTAURANT. THE IDEA FOR THE

PARAMETERS INTEREST RATE: 5.25% AMORTIZATION PERIOD (YEARS): 20 PERCENTAGE DOWN: 25% CLOSING COSTS: 3% RENTAL INCREASE PROJECTIONS: 2% OPERATING EXPENSE PROJECTIONS: 2% HOUSE PRICE APPRECIATION: 5% VACANCY RATE: 5% INCOME TAXES: 33% INITIAL NUMBERS BUILDING AND RENOVATIONS: $600,000 NUMBER OF UNITS: 2 AVERAGE MONTHLY RENT PER UNIT: $3,250 OTHER MONTHLY INCOME: $560

NEW DESIGN IS TO USE THE TOP FLOOR FOR STUDENT APARTMENTS, THE MIDDLE FLOOR FOR A CAFE, AND THE BASEMENT AS A STORAGE AND PARKING AREA. THE RAMP IS STILL ACCESSIBLE TO THE BASEMENT

BY VEHICLES BUT IS ALSO USED AS A GRAND ENTRY FOR THE CAFE. THE STUDENT APARTMENTS HAS FIVE BEDROOMS AND THREE BATHS WITH A LARGE LIVING/DINING/KITCHEN AREA. OVERALL, THE COLLECTIVE AT GLENDORAWOULD WOULD BE A GREAT SPOT FOR ANY UNIVERSITY OF CINCINNATI STUDENT TO LIVE AND A GREAT SPOT FOR A NEIGHBORHOOD COFFEE SHOP.

YEAR 1 PROJECTIONS GROSS MONTHLY INCOME: $6,735 GROSS INCOME: $80,820 NET INCOME AFTER OP. EXPENSES: $63,420 TOTAL RETURN: $40,107 TOTAL RETURN ON INVESTMENT: 26.74%

W CORRY ST

VINE ST

GLENDORA AVE

JEFFERSON AVE

W CHARLTON

SITE PLAN

FRONT VIEW

1 3

STORAGE 157 SF

STAIWELL 139 SF

STOR./UTILIES 157 SF

PARKING 1745 SF

UP

1 2 UP

STOR. 34 SF

STOR. 34 SF

STOR 34 SF

STORAGE 166 SF

STAIRWELL 304 SF RAMP 569 SF 1 1

1

Base Level 1/8" = 1'-0"

BASEMENT FLOOR PLAN

1 3

DN

STREET

UP

1 2

RAMP UP

RAMP DOWN 1 1

1

Ground Level 1/8" = 1'-0"

STREET LEVEL FLOOR PLAN

1 3

BATHROOM 55 SF

STORAGE 112 SF

KICTEN 209 SF

STAIRWELL 138 SF

CAFE 1255 SF

DN UP

DN

UP

STARIWELL 162 SF

2

BATHROOM 67 SF UTILITIES 69 SF

RAMP 822 SF

STREET

RAMP/LOUNGE 579 SF

1

1 1

1

Level 1 1/8" = 1'-0"

LEVEL 1 - CAFE FLOOR PLAN

1 3

BATHROOM 162 SF

CLOSET 14 SF

BATHROOM 61 SF

BEDROOM 210 SF

STAIRWELL 80 SF BEDROOM 203 SF

DINING 519 SF

CLOSET 15 SF

KITCHEN 270 SF

BEDROOM 189 SF

DN

CLOSET 11 SF LIVING 570 SF

CLOSET 18 SF

1 2

STAIRWELL 61 SF DN

BEDROOM 158 SF

BEDROOM 130 SF

RAMP

BALCONY 87 SF

1 1

LAUNDRY/UTILITIES 165 SF

1

Level 2 1/8" = 1'-0"

CLOSET 10 SF

BATHROOM 67 SF

CLOSET 14 SF

LEVEL 2 - APARTMENT FLOOR PLAN

1

East Elevation 1/8" = 1'-0"

1

1

1

2

EAST ELEVATION

1 3

1

South Elevation 1/8" = 1'-0"

SOUTH ELEVATION

1

1

1

2

1

West Elevation 1/8" = 1'-0"

WEST ELEVATION

1 3

1

North Elevation 1/8" = 1'-0"

NORTH ELEVATION

1 3

BATHROOM

LAUNDRY/UTILITIES

CLOSET

BEDROOM

BALCONY

BEDROOM CLOSET

UTILITIES

RAMP

STAIRWELL PARKING

1

RAMP

Section 1 1/8" = 1'-0"

SECTION 1 - THROUGH SOUTH RAMP

1 3

LIVING

KITCHEN

DINING

CAFE

LAUNDRY/UTILITIES

STARIWELL

RAMP/LOUNGE

STORAGE

1

PARKING

Section 2 1/8" = 1'-0"

SECTION 2 - THROUGH NORTH RAMP

1

1

1

2

RAMP

BATHROOM

LIVING/KITCHEN DINING

RAMP/LOUNGE

BATHROOM

CAFE

RAMP STORAGE

1

PARKING

STOR./UTILIES

Section 3 1/8" = 1'-0"

SECTION 3 - CROSS SECTION

APARTMENT ENTRANCE

CAFE ENTRANCE

CAFE

CAFE

CAFE

APARTMENT BALCONY

APARTMENT LIVING

APARTMENT LIVING

APARTMENT KITCHEN

ZACHARY HERBST herbstzb@gmail.com issuu.com/herbstzb