OFFERING MEMORANDUM33-Unit Apartment Building in Cincinnati, OH

Westwood Manor|

NON-ENDORSEMENT AND DISCLAIMER NOTICE

CONFIDENTIALITY & DISCLAIMER:The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended

to be reviewed only by the party receiving it from Realiant Cincinnati, LLC and should not be made available to any

other person or entity without the written consent of Realiant Cincinnati, LLC. This Offering Memorandum 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. Realiant Cincinnati, LLC 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, Realiant Cincinnati, LLC has not

verified, and will not verify, any of the information contained herein, nor has Realiant Cincinnati, LLC 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:Realiant Cincinnati, LLC 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 Realiant Cincinnati, LLC or any agent, product, service, or

commercial listing of Realiant Cincinnati, LLC, 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 ONE OF OUR AGENTS FOR MORE DETAILS.

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The information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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TAB LE O F

C O N T E N T S

Marcus PritikinCEO | Realtor

CINCINNATI OFFICE

(513) 461-9315

marcus@realiantpm.com

QueenCityRentals.com

P REPARED &P R E S E N T E D B Y:

LOCATION OVERVIEW

FINANCIAL ANALYSIS

INVESTMENT SNAPSHOT

Sydney Stevens Marketing Coordinator

CINCINNATI OFFICE

(513) 265-3636

sydney@realiantpm.com

QueenCityRentals.com

INVESTMENT

SNAPSHOT

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Property NameWestwood Manor

Number of Properties1

Number of Residential Buildings3

Number of Units33

Location2465-2469 Westwood Northern Blvd3272 Gobel AvenueCincinnati OH 45211

Year Built1964

Building Size17,496 SF

Number of Stories2 & sub basement

INVESTMENT SNAPSHOT

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THE DETAILS THE BUILD

Property Westwood Manor Apartments Foundation Masonry

Address2465-2469 Westwood Northern Blvd

3272 Gobel AvenueFraming Poured

Cincinnati OH 45211 Exterior Brick

Submarket Westwood Wiring Copper

County Hamilton Roof Flat

Parcel Number 209-0004-0141-00 Parking Surface Pavement

Zoning402 - APARTMENT, 20-39 UNITS

School District CINCINNATI CSD MECHANICALS

HVAC Wall Units A/C. Electric Baseboard Heat

SITE DETAILS Hot Water Gas Water Heater

Year Built 1964

Number of Units 33 UTILITIES

Number of Buildings 3 Electric Tenant

Number of Stories 2 & Sub Basement Gas water heat - Owner

Building Size 17,496 SF Water/Sewer Owner

Average Unit Size 659 SF Trash Owner

Current Occupancy 60.60%

Lot Size 1.860 AC LAUNDRYParking 60 Spaces

In Unit No

Common Area Yes, 1 laundry room in each building

INVESTMENT SNAPSHOT

F I RST LOOK

F I RST LOOK

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F IRST LOOK

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LOCATION

OVERVIEW

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IntroductionWestwood is the city’s largest neighborhood, both in terms of population and geography. One out of every 10 Cincinnatians call Westwood home and isalso one of the city’s most diverse neighborhoods. Westwood has nearly twice as many renters as property owners. Westwood is a neighborhood with anillustrious past and an inviting presence. It is Cincinnati’s largest neighborhood with 35,000 residents and was incorporated as a village in 1868 and laterannexed as part of Cincinnati in 1896. The area was a residential neighborhood that grew with the expansion of the population during the 19th and mid-20th centuries. Tradesmen and professional people established residency in the “country” to get away from city smoke and odors.

SummaryWestwood has remained one of Cincinnati’s cleanest communities. There are many beautiful new sections on quiet, secluded streets that branch off themain thoroughfare. New houses seem to have inherited the handsome stability and well-established manner of Westwood’s first homes. Those looking forsomething different can look in both old and new sections of Westwood. In the heart of Westwood is a collection of buildings which are on the NationalRegister of Historic Places.

TransportationThere are three main driving routes to the downtown area which is approximately 15 minutes away. Interstate highways 74 and 75 are approximately fiveminutes away. The area’s main roads are Harrison and Boudinot Avenues. The Queen City Metro Bus service operates four separate bus routes to thisarea offering excellent public transportation

HospitalsMercy Franciscan Hospital - Western Hills is located in the heart of Westwood. All of Cincinnati’s main hospitals are within 20 minutes. There are a numberof retirement homes in Westwood. A number of newer convalescent and assisted living facilities are also located in the area.

ShoppingThere are numerous small shopping areas in Westwood and the Western Hills-Western Woods Shopping Centers border Westwood, providing shoppingfacilities of major department stores, supermarkets and banks as well as many smaller shops. Glenway Crossing Shopping Center is also located in nearbyWestern Hills.

RecreationWestwood has three large playgrounds, including baseball and football fields, tennis courts and swimming pools. Adjoining Westwood is McFarlan Woods,the western section of the 1,500 acre Mt. Airy Forest preserve with excellent facilities for picnics, lodges, trails and cycling. The Mt. Airy Dog Park has fiveacres and is a popular place for those with four-legged friends. Bracken Woods 30 acres and is home to the Robert J. Brodbeck Nature Preserve. TheGamble-Nippert YMCA offers three outdoor and one indoor swimming pool and various programs for young and old. The Western Sports Mall offersindoor soccer, basketball, volleyball as well as a health club. Two public golf courses are 10 minutes away from Westwood: a 9-hole course at Woodlandand an 18-hole course at Neuman. Another 18-hole course is located farther west at Miami Whitewater Forest. Private courses are located at WesternHills and Miamiview Country Clubs.

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LOCATION IS KEY | DETAILS ON Westwood, OH

WEST SIDE BREWING

• West Side Brewing anchors the business district's northern end. The brewery has only recently opened but it’s already made a name for itself as a central communications hub.

• The owners signed a 10-year lease on the space with an option to purchase after investing $1.3 million into the project.

• West Side Brewing will distribute kegs to bars and restaurants locally around Cincinnati at launch

• The 12,000-square-foot building is in the newly renovated Wullenweber Motors Company building.

LOCATION OVERVIEW

Nation Kitchen & Bar – Westwood Location

Westwood Town Hall Proposal

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LOCATION OVERVIEW

New Restaurants on the Rise in Westwood

New Retro Arcade Coming Soon!

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$90 MillionLick Run Greenway Began in July 2017

to be completed by DEC 2018

2,900 AcresOn Cincinnati’s West Side

1.5 MileStormwater Conveyance System

Highlights IncludeWetland forebay & rain gardens, Headwaters Park, 1-

Mile Long Creek, Recreational Area, Playground, Basketball Courts, Concrete Stage, Pedestrian Bridge,

and Shelters

FINANCIAL

INFORMATION

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Financial Analysis

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Unit Type: No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

One Bedroom Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

1x1 16 Units 550 SF 8,800 SF $450.00 $0.81 SF $7,200.00 $600.00 $1.09 SF $9,600.00

Totals / Wtd. Averages 16 Units 550 SF 8,800 SF $450.00 $0.81 SF $7,200.00 $600.00 $1.09 SF $9,600.00

Unit Type: No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

Two Bedroom Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

2x1 17 Units 750 SF 12,750 SF $600.00 $0.80 SF $10,200.00 $750.00 $1.00 SF $12,750.00

Totals / Wtd. Averages 17 Units 750 SF 12,750 SF $600.00 $0.80 SF $10,200.00 $750.00 $1.00 SF $12,750.00

Summary No. of Rentable Total Avg. Effective Avg. Effective Total Effective Projected Avg. Projected Total Projected

Unit Type Units SF SF Rent/Unit Rent/SF Rent Potential Rent/Unit Rent/SF Rent Potential

One Bedroom 16 Units 550 SF 8,800 SF $450.00 $0.81 $7,200.00 $600.00 $1.09 SF $9,600.00

Two Bedroom 17 Units 750 SF 12,750 SF $600.00 $0.80 $10,200.00 $750.00 $1.00 SF $12,750.00

Totals / Averages 33 Units 659 SF 21,550 SF $531.82 $0.80 $17,400.00 $681.82 $1.04 SF $22,350.00

FINANCIALS | Unit Deta i ls

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FINANCIALS | Rent Rol l

Financial Analysis

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FINANCIALS | Income & Expenses

CURRENT WW ManorPROFORMA WW Manor

Units: 33 3329

Income:

Gross Potential RentAnnual - Current

$ 208,800Annual - Proforma

$ 268,200

Other IncomeAnnual

$ 7,250 Annual $ 7,250

Less: Vacancy, Concessions, & Bad Debt 18.2% -$ 38,002 7.00% -$ 18,900

Effective Gross Income $ 178,048 $ 256,550

Operating Expenses:

(some expenses are estimated)

Management Fee 7.5% $ 13,354 7.5% $ 19,241

Real Estate TaxesAnnual - (actual)

$ 13,212 Annual - (actual) $ 13,212

InsuranceAnnual

$ 5,364Annual

$ 5,364

Repairs & MaintenanceAnnual

$ 15,098Annual

$ 15,098

UtilitiesAnnual

$ 41,200Annual

$ 28,000

SuppliesAnnual

$ 8,436Annual

$ 8,436

Trash CollectionAnnual

$ 4,187Annual

$ 4,187

Landscaping & Snow RemovalAnnual

$ 2,000Annual

$ 2,000

Legal & ProfessionalAnnual

$ 2,200Annual

$ 2,200

General & AdministrativeAnnual

$ 2,900Annual

$ 2,900

Structural Reserve $250 $ 8,250$250

$ 8,250

Total Operating Expenses $ 116,200 $ 108,888

Total Operating Expenses Per Unit %$3,524.58

55.2% $3,303.73 40.4%

Net Operating Income $ 61,848 $ 147,662

PURCHASE PRICE

$950,000.00

P REPARED &P R E S E N T E D B Y: