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FOR SALE | MULTI-FAMILY

COLONIAL TOWNHOUSES
4084 Reading Rd. | Cincinnati, OH 45229

PRESENTED B
BY
Y:
CHUCK CIOLINO, CCIM
Managing Director
513.561.4080
chuck.ciolino@svn.com
TRYFON CHRISTOFOROU
Senior Advisor
513.490.6881
tryf.christoforou@svn.com
MICHAEL COSTANTINI
Senior Advisor
513.383.8413
michael.costantini@svn.com

PROPER
PROPERT
TY HIGHLIGHTS
Central Location Off Norwood Lateral, Near Xavier
Huge 2 Story 11 Unit Brick Townhouses
1-One Bedroom, 8-Two Bedrooms, 2-Three Bedrooms
Resident paid Heat, Air, Electric
Attached Garages, Laundry
Walk in Closets, Dishwashers
$559,000 Cap Rate 9.0%

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

DISCLAIMER
COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the
property within and is not to be used for any other purpose. This information should not, under any circumstances, be
photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used
for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in
this proposal, and no other person is authorized by the Owner to provide any information or to make any
representations other than contained in this Offering Brochure. If the person receiving these materials does not choose
to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or
completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise
or representation as to the future representation of the Property. This Offering Brochure may include certain statements
and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can
be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all
liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or
any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to
rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real
Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look
to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,
for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct
their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly
reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and
expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time
with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering
Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real
Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a
prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the
SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser
should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase
Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

EXECUTIVE SUMMARY

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Executive Summary

SALE O
OVER
VERVIEW
VIEW

OVER
VERVIEW
VIEW

SALE PRICE:

$559,000

NUMBER OF UNITS:

11

CAP RATE:

9.0%

NOI:

$50,300

1, 2, and 3 bedroom units with resident paid gas forced air and heat. Priced at a

LOT SIZE:

1.0 Acres

very attractive 9% cap rate, the property features very desirable units with

BUILDING SIZE:

22,788 SF

popular amenities such as dishwashers, garages, 2nd floor bedrooms, on site

YEAR BUILT:

1952

laundry, walk-in closets, wood floors, and a stunning wood paneled entry.

RENOVATED:

2016

MARKET:

Cincinnati

SUB MARKET:

North Avondale

CROSS STREETS:

Asman

SVN/3CRE is proud to offer 4084 Reading Rd. a stunning 11 unit townhouse
investment opportunity located in the historic North Avondale area. Just around
the corner from Xavier University, this colonial brick building offers very popular

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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FINANCIAL SUMMARY

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Financial Summary
INVES
INVESTMENT
TMENT O
OVER
VERVIEW
VIEW

Price
Price per Unit
GRM
CAP Rate

2016 PROF
PROFORMA
ORMA

$559,000
$50,818
6.1
9.0%

Cash-on-Cash Return (yr 1)

12.26 %

Total Return (yr 1)

$29,584

Debt Coverage Ratio

OPERA
OPERATING
TING D
DA
ATA

Gross Scheduled Income
Other Income
Total Scheduled Income

1.51

2016 PROF
PROFORMA
ORMA

$91,200
$3,300
$94,500

Vacancy Cost

$7,296

Gross Income

$86,940

Operating Expenses

$36,640

Net Operating Income

$50,300

Pre-Tax Cash Flow

$17,038

FINANCING D
DA
ATA

2016 PROF
PROFORMA
ORMA

Down Payment

$139,000

Loan Amount
Debt Service
Debt Service Monthly
Principal Reduction (yr 1)

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

$420,000
$33,262
$2,771
$12,546

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INCOME & EXPENSES

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Income & Expenses
INC
INCOME
OME SUMMAR
SUMMARY
Y

2016 PROF
PROFORMA
ORMA

Gross Potential

$91,200

Vacancy 8%

-$7,296

Laundry

$3,300

GROSS INCOME

EXPENSE SUMMAR
SUMMARY
Y

$87,204

2016 PROF
PROFORMA
ORMA

Gas Electric

$3,888

Water

$2,088

Insurance

$3,468

RE Taxes

$9,996

Maintenance

$12,000

Management

$5,200

GROSS EXPENSES

$36,640

NET OPERATING INCOME

$50,300

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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RENT ROLL

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Rent Roll
UNIT
NUMBER

UNIT
BED

UNIT
BATH

CURRENT
RENT

MARKET
RENT

100

1

1

$250

$550

101

2

2

$750

$750

102

3

2.5

$800

$800

103

2

2

$750

$750

104

2

1

$750

$750

105

2

1

$625

$750

106

2

1

$750

$750

107

2

2

$625

$750

108

2

2

$750

$750

109

3

2.5

$800

$800

110

2

2

$750

$750

$7
$7,,600

$8,
$8,150
150

Totals/A
tals/Av
ver
erages
ages

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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ADDITIONAL PHOTOS

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Additional Photos

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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ADDITIONAL PHOTOS

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Additional Photos

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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LOCATION MAPS

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Location Maps

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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LOCATION MAPS

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Location Maps

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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SITE PLAN

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Site Plan

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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DEMOGRAPHICS MAP

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Demographics Map

POPULA
POPULATION
TION

1 MILE

2 MILES

3 MILES

TOTAL POPULATION

19,930

67,344

131,595

MEDIAN AGE

26.5

33.8

33.8

MEDIAN AGE (MALE)

25.3

31.7

32.1

MEDIAN AGE (FEMALE)

27.5

35.4

35.5

HOUSEHOLDS & INC
INCOME
OME

1 MILE

2 MILES

3 MILES

TOTAL HOUSEHOLDS

7,016

27,570

57,246

# OF PERSONS PER HH

2.8

2.4

2.3

AVERAGE HH INCOME

$48,212

$46,456

$51,873

AVERAGE HOUSE VALUE

$146,006

$160,184

$173,297

* Demographic data derived from 2010 US Census

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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ADVISOR BIO & CONTACT 1

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Advisor Bio & Contact 1
Chuck Ciolino, CCIM
Managing Director
SVN | Commercial Realty Advisors, Inc.

Chuck Ciolino, CCIM, a 25 year industry veteran, serves as a Senior
Investment Advisor for Sperry Van Ness specializing in the sale of
commercial single tenant buildings nationwide and apartments in the
Greater Cincinnati area.
Ciolino's commercial real estate career started in 1988 with West
Shell/Grubb & Ellis where he ranked as the top producing Investment
Advisor for 10 consecutive years. His success with clients, creative
approach to deal making, and attention to detail didn't go unnoticed.
In 2003, Western-Southern Life recruited him to lead their investment
team to dispose of non-critical assets at their Eagle Realty subsidiary.
In a 3 year period, Ciolino successfully sold a $160 million portfolio of
commercial properties bringing his career sales total to over $1 billion.

Memberships & Affiliations
ICSC
CCIM
National Apartment Association

He is a sought after panel member for commercial real estate and
considered an expert at implementing 1031 Exchanges.
In 2006 Ciolino opened the first Sperry Van Ness office located in
Cincinnati, OH and remains it's Managing Partner to this day.

OH #2014001869
OH #700347164
Phone: 513.561.4080
Fax: 513.561.8812
Cell: 513.720.1000
Email: chuck.ciolino@svn.com

Ciolino has held the prestigious Certified Commercial Investment
Member (CCIM) designation since 1994 and is a member of the
International Council of Shopping Centers (ICSC) and National
Apartment Association.
He holds a bachelor's degree in business from the Farmer School of
Business, Miami University, Oxford, Ohio.

Address: 7800 Laurel Avenue, Suite 150
Cincinnati, OH 45243

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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ADVISOR BIO & CONTACT 2

COLONIAL TOWNHOUSES | 11 UNITS | CINCINNATI, OH

Advisor Bio & Contact 2
Tryfon Christoforou
Senior Advisor
SVN | Commercial Realty Advisors, Inc.

Tryfon Christoforou is an experienced commercial broker specializing
in multifamily real estate and is a partner in of 3CRE Commercial
Realty Advisors. He brings broad experience in commercial real estate
to his work – in addition to multifamily properties, his background
includes mortgages, investment, and ownership of investment
property. By leveraging his diverse work experience in real estate to
bring every client the best return possible, Tryfon has established
himself as a top performer.

Phone: 513.490.6881
Fax: 513.561.8812
Cell: 513.490.6881
Email: tryf.christoforou@svn.com
Address: 7800 Laurel Avenue, Suite 150
Cincinnati, OH 45243

Tryfon has built a reputation as a service-oriented broker who is
committed to personally guiding his clients through every phase of
the real estate transaction process from start to finish. He has built
long-term relationships with clients based on collaboration, hard
work, an ethical approach, and dedication to a step-by-step method
to working with every investor to maximize results.
Tryfon founded 3CRE Commercial Realty Advisors with partners
Michael Costantini and Chuck Ciolino to bring clients a tailored,
knowledgeable approach to forming and successfully executing their
commercial real estate investment strategy. The 3CRE team has
completed over a billion dollars of real estate transactions, and their
list of multifamily properties sold nationally include: Glenbury – 660
units (Fairfield, OH); Polos on Park – 440 units (Tallahassee, FL);
Arbors of Watermark – 420 units (Columbus, OH); Forest Ridge – 335
units (Cincinnati,OH); Vienna Woods – 319 units (Holland, MI); Jackson
Square – 242 units (Tallahassee, FL); Ravenwood – 190 units
(Cincinnati,OH); Meadowbrook – 168 units (Amelia,OH); Mont Michel –
152 units (Cincinnati, OH); and Peoples Place – 111 units (Middletown,
OH), just to name a few.
3CRE have extensive experience in local and regional Midwest
markets and assets and operates under the banner of SVN?. Because
SVN’s national and global reach includes primary, secondary, and
tertiary markets, 3CRE has an advantage in locating investment
options on behalf of its clients as well as being able to list their
properties on a national basis to the entire 100,000-strong brokerage
and investment community via real-time syndication to major listing
sites, social media, and email campaigns.
Tryfon holds a BSBA, Marketing from University of Cincinnati, Ohio.
His affiliations include the National Apartment Association, NAR, OAR,
and the Cincinnati and Dayton Board of Realtors. He was born in
Melbourne, Australia and is of Greek heritage. He is a passionate
world traveler and calls Cincinnati his home.

All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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