3610 & 3612 Warsaw Avenue Cincinnati, Ohio€¦ · Hill area of Cincinnati. The property is located on a bus line and is close to area amenities including recreation, restaurants,

3610 & 3612 Warsaw AvenueCincinnati, Ohio

3610 Warsaw Ave. 1

Contents Introduction 3 Rent Roll 4 Performa 5 Market Comparables 6 Information 7 Terms of Sale 8

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This offering is for a brick twelve unit located in the Price Hill area of Cincinnati. The property is located on a bus line and is close to area amenities including recreation, restaurants, and shopping. Cincinnati Christian University is 3.7 miles from the property.

Price Hill is located a short distance from the Ohio River, Downtown Cincinnati, and Northern Kentucky. Area museums and stadiums are a short fifteen minute drive making this a West Side hidden gem!

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Rent Roll

Gross Potential $66,000

3610 Warsaw AvenueUnit 1 Rented $300Unit 2 Rented $450Unit 3 Rented $325Unit 4 Vacant – Lease EndingUnit 5 VacantUnit 6 Rented $450

3612 Warsaw AvenueUnit 1 Rented $450Unit 2 VacantUnit 3 Rented $375Unit 4 VacantUnit 5 VacantUnit 6 Rented $375

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PerformaRevenue: $500

Monthly Rent $6000.00Total Annual Revenue $72000.00Vacancy $3000.00Concessions $3000.00__________________________________Income $66,000.00

Annual Expenses

Property Tax $3,600.00Management Fees $3,600.00Water $8000.00Gas/Electric $1,200.00Maintenance $6000.00Insurance $1,400.00___________________________________Total Annual Expense $23,800

Total Annual Net $42,200.00

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Market Comparables

Incline Ridge Apartments12 Unit – One BedroomsRent $625.00All Utilites IncludedLaundry and ParkingOn Property

Ashberry ApartmentsOne Bedroom Apartment ComplexRent $625.00All Utilities IncludedBalconies, Fireplaces, ParkingOn Property

Aspen Village ApartmentsOne and Two Bedroom UnitsOne Bedroom - $545 - $630Two Bedroom - $640 - $840Laundry, Swimming Pool, Clubhouse, ParkingOn Property

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Property InformationNumber of Residential Buildings:

One ResidentialNumber of Units:

12 one bedroom unitsNumber of Stories:

3 - low rise Parking:

Off Street AsphaltParcel ID:

174-0008-0214-00Lot Size:

.172 acresZoning:

401 – Apartment, 4-19 unitsYear Constructed:

1900

Water & Sewer:Owner paid– Public

Trash Removal:Owner paid

Electric:Tenant paid

Gas:Tenant paid - Natural

Foundation:BasementExterior:

BrickRoof:

HVAC:Gas,

AC – Window 3610 Warsaw Ave. 7

Terms of SaleINSPECTION: The Property is being offered for sale in its existing “As-Is, Where-Is” condition subject to the terms of the

Purchase and Sale Agreement. The Purchaser may not rely upon any disclosures, representations or warranties other than those provided in the Purchase and Sale Agreement. We recommend you thoroughly inspect the Property prior to extending an offer. Those inspecting the Property assume all risk associated with any inspection.

DOCUMENTS AVAILABLE: Detailed due diligence information has been assembled and is available for download from www.cincymls.net or www.dotloop.com Documents include Income statement and rent roll. Broker shall not be liable for any inaccuracy contained in any reports furnished to buyers originating from third parties.

TITLE: The Purchase and Sale Agreement describes the condition of title to be delivered at closing.

AGENCY DISCLOSURE: Affordable Realty Services, LLC, John Harrison Broker #2002016847 represents the Seller in the sale of this property.

DISCLAIMER: To the extent there are any inconsistencies between the information contained herein and any information contained in other marketing materials, the information on Affordable Realty Service’s website shall prevail. The Purchase and Sale Agreement shall prevail with regard to the terms and conditions of the sale of the property

Offers are to be submitted on the approved Purchase and Sale Agreement available through https://www.cabr.org website. Attention: John Harrison fax # (855) 641-2323 or via email to [email protected]

The Seller, Broker and their agents assume no liability for inaccuracies, errors or omissions in the property marketing materials.

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http://www.cincymls.net/

http://www.dotloop.com/

https://www.cabr.org/

Offered By Affordable Realty Services, LLCJohn J Harrison – Broker

187 Pavilion Parkway Suite 137Newport, KY 41071859.360.0422 office

855.641.2323 fax

3610 & 3612 Warsaw Avenue

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