1. Affordable Realty Services, LLC
Dana Properties LLC
915 Dana Avenue
Cincinnati, Ohio
915 Dana Ave, Cincinnati Ohio

2. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
Contents
Introduction page 3
Information page 4
Rent Roll page 5
Market Comparables page 6
Demographics page 8
Terms of Sale page 11
915 Dana Ave, Cincinnati Ohio

3. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
This offering is for a brick 29 unit low rise apartment complex built in The fully leased property is comprised of twenty, one bedroom and nine, three bedroom units. It is located within the North Avondale area of Cincinnati.
This property is less than one mile from Xavier University and just under three miles from The University of Cincinnati’s Main Campus.
The apartment complex is conveniently located a short distance from Interstate 71(3.3 miles) allowing easy access to Downtown Cincinnati and Northern Kentucky.
915 Dana Ave, Cincinnati Ohio

4. Seller has updated units at a cost of $7,000 - $10,000 per unit.
Affordable Realty Services, LLC
Seller has updated units at a cost of $7,000 - $10,000 per unit.
75% of the roofing has been replaced.
Building has new rain gutters installed.
Property qualifies for *Section 8 Subsidized Housing*
Boiler Inspection/Maintenance $500
Property Management $12,000
Water $34,800
Insurance $6360
Taxes $42,447* seller reported
Electric/Gas $14,532
Lawn Care and Snow removal $1,500
Trash $1,800
Maintenance $12,000
Total Expenses $125,939
Net Operating Income $56,449
915 Dana Avenue, Cincinnati OH 45229
Built 1926
29 Unit Multi Family Low Rise
W/S/T Heat provided
Tenant Paid Electric
1 x 1 - $550.00
3 x 1 - $ $950.00
100% Leased
Gross Potential Income - $182,388.00
Deferred Maintenance
Property Taxes - $26,502.10* per county

5. Rent Roll Unit Rent Paid Unit Rent Paid 915 Dana Ave, Cincinnati Ohio
Rented $550.00
Rented $450.00
Rented $750.00
Rented $800.00
Office
Rented $699.00
Rented $450.00
Rented $450.00
Rented $700.00
Rented $450.00
Rented $450.00
Rented $450.00
Rented $ (agency)
Rented $750.00
Rented $750.00
Rented $550.00
Rented $450.00
Rented $500.00
Rented $ (agency)
Rented $900.00
As of 2/15/19 all units have been leased:
One bedroom rent has been increased to $550.00
This complex is full and there is a waiting list!
Projections for 2019  - Net will be $50,000 - $60,000
WITH 5% RENT INCREASE IN 2019
Gross rents will be $182,000
915 Dana Ave, Cincinnati Ohio

6. Market Rent Comparables
Affordable Realty Services, LLC
Market Rent Comparables
Osage Apartments
670 Gholson, Cincinnati
North Avondale Area
Apartments 40+ units
1 Bed X 1 Bath $475.00
Deposit $475.00
Tenant pays Electric
Owner pays H/W/T
Dana Village Square
917 Dana Ave, Cincinnati
North Avondale Area
Apartments 4-19 units
1 Bed X 1 Bath $650.00
3 Bed X 1 Bath $950.00
Tenant pays Electric
Owner pays H/W/T
Gholson 41 LLC
669 Gholson, Cincinnati
North Avondale Area
Apartments 4-19 units
1 Bed X 1 Bath $600.00
Deposit $600.00
2 Bed X 1 Bath $750.00
Deposit $750.00
SOLD $1,185,000.00

7. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
Property Information
Number of Residential Buildings: One Residential Number of Units: 9 three bedroom units 20 one bedroom units Number of Stories: 3 - low rise Parking: Off Street Asphalt Parcel ID: Lot Size: .471 acres Zoning: Apartment, units Year Constructed: 1926
Water & Sewer: Owner paid– Public Trash Removal: Owner paid Electric: Tenant paid Gas: Owner paid - Natural Foundation: Basement Exterior: Brick Roof: Asphalt Shingle HVAC: Gas, Hot Water AC – Window
915 Dana Ave, Cincinnati Ohio

8. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
Area Demographics
Population Total population 12,819 Female population 52.2% Male population 42.7% Median age 28.1 Male median age 27.6 Female median age 28.7 Population in poverty 37.9% Education and Income High School Educated 81% Bachelors Degree 25.5% Graduate / Professional 12% Average household income $33,397 Journey to Work Employed 87.9% Work at home 9.7% Travel by car 68.9% Walk 5% Use Public Transportation 14.7%
Housing Renter Occupied units 4,194 Renter Occupied units 71% Average number of people per household 2.1 Houses with mortgages 66.5% Median gross rent one bedroom $670
915 Dana Ave, Cincinnati Ohio

9. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
Area Services
Local Post Office
1.5 miles
UC Hospital
2.2 miles
Kroger Supermarket
1.7 miles
Rookwood Plaza miles
Nearest BMV
4.2 miles
Located on Bus Line
915 Dana Ave, Cincinnati Ohio

10. 915 Dana Avenue, Cincinnati OH
29 Unit Brick Building –
Fully Leased-
Close to Xavier University
Owner recently remodeled several units!   
9 - three bedroom and 20 one bedroom Units
Complex is fully leased and there is a waiting list!
Projections for 2019  -
Net will be $50,000 - $60,000 with 5% rent increase in 2019
gross rents will be $182,000
915 Dana Ave, Cincinnati Ohio

11. 915 Dana Ave, Cincinnati Ohio
Affordable Realty Services, LLC
Terms of Sale
INSPECTION: 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 or Documents include 538 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 # 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 website. Attention: John Harrison fax # (855) or via to
The Seller, Broker and their agents assume no liability for inaccuracies, errors or omissions in the property marketing materials.
915 Dana Ave, Cincinnati Ohio

12. Offered By Affordable Realty Services, LLC John J Harrison – Broker
187 Pavilion Parkway Suite 137
Newport, KY 41071
office
fax
915 Dana Ave, Cincinnati Ohio

13. 915 Dana Ave. Cincinnati Ohio
Competitively Priced $1.3 Million
Walking Distance to Xavier University
Well Situated – Allows Easy Access to Downtown Cincy and NKY
Trash $1,800
Boiler Inspection/Maintenance $500
Property Management $12,000
Water $34,800
Insurance $6360
Taxes $42,447
Electric/Gas $14,532
Lawn Care and Snow removal $1,500
Maintenance $12,000
Total Expenses $125,139
Net Operating Income $56,449
GROSS RENTS
$182,388.00
Dana Properties LLC