for sale 7045 montgomery road, cincinnati, oh 45236...a curry at v [email protected] 513...

Adam Curry and Kate Zieverink [email protected] (513) 907- 0468

FOR SALEINVESTMENT OPPORTUNITY

OCTOBER 2019

7045 MONTGOMERY ROAD, CINCINNATI, OH 45236

2KEY PROPERTY PARTNERS | KELLER WILLIAMS ADVISORS REALTY7045 MONTGOMERY ROAD

Page 3 Our Team

Page 4 Property Overview

Page 5 Recent Building Improvements

Page 6 Property Location: City Scale

Page 7 Property Location: Local Scale

Page 8 Location and Neighborhood Highlights

Page 9 Additional Photos

CONTENTS


DISCLAIMER: The information provided herein is not warranted by Keller Williams Advisors and is based upon information provided by the owner.Prospective buyers shall rely on their own due diligence investigations in making their investment decisions.

Call it a hometown bias, but we love Cincinnati. We live where we work and our clients rely on our acute local market knowledge and expertise to make sound investment decisions. The city is on fire and we’re thrilled to play a part in it’s real estate community. It’s our goal to be thought of as the go-to team for all real estate investment needs in Cincinnati.

Key Property Partners takes an aggressive approach to matching our clients with exceptional investment opportunities. We look at deals from all angles– current performance, future performance, and maximum potential. Your growing portfolio is treated as if it were our own, helping you build financial wealth through investing.

KATE ZIEVERINKLead Agent, Realtor

[email protected] m (513) 265-2018 o (513) 855-3627

ADAM CURRYTeam Owner, Realtor

[email protected] m (513) 907-0468 o (513) 855-3627

OUR TEAM


PROPERTY OVERVIEW

PROPERTY ADDRESS - 7045 Montgomery Road, Cincinnati, OH 45236

ASKING PRICE - $685,000

YEAR BUILT - 1900

LOT SIZE - 55’ x 140’

NUMBER OF BUILDINGS - 1 (plus separate rental income space)

NUMBER OF STORIES - 3 above

UNITS - 7 rental units and 2 commercial units

UNIT TYPE - Various

BUILDING SQUARE FOOTAGE - 9528

UTILITIES - All separate heat and air; owner pays for water

LAND USE - 404- Retail/ Apartment Over

TAX/ PARCEL ID - 602-0001-0340-00

This building is in the neighborhood of Silverton and has seven move in ready rental units and two commercial spaces available. The seller has focused on stabilizing the building, addressing capital expenditures, and renovating units. The historic Woltz building is a landmark of Silverton and is in a prime location with high traffic and great visibility. With accessibility to a growing business district and in close vicinity to the Kenwood Mall area and downtown Cincinnati, there is endless potential for a new owner to maximize their return on investment.


RECENT BUILDING IMPROVEMENTS

The building owner has recently completed the following big ticket item repairs:

• 7 renovated units consisting of: 2 studios,

1 one bedroom unit, 3 two bedroom units

and 1 three bedroom unit

• All new kitchen cabinets

• Separate HVAC

• New ceramic tiles and fixtures in bathrooms

• New flooring

• All new appliances

• All new windows

• New Roof


PROPERTY LOCATION: SILVERTON NEIGHBORHOOD

Originally an outlying farm community settled in 1809, Silverton is today an inner ring suburb of Cincinnati. This community is the most racially integrated community in the region. Properties are well-built and have character, ranging from Cape-Cod to bungalow-style to the Victorian. Silverton has a perfect combination of community characteristics. It is diverse, inclusive, safe, convenient, accessible and affordable. Silverton is fifteen minutes from downtown, ten minutes from uptown, and three minutes from Kenwood Mall. Montgomery Road traverses Silverton, providing a commercial stream easily accessed on foot from many residential tributary streets. Silverton has unique businesses that are regional brands, such as Meier’s Winery, the BMW Store, and HJ Benkins Florists. There are also new additions such as High Grain Brewery and mainstays like Italianette Pizza. Silverton is, in a word, authentic.

Image Source: https://www.facebook.com/villageofsilverton/photosbc.


Hard Rock CasinoCincinnati Zoo and Botanical GardenGreat American BallparkPaul Brown StadiumCentral Business DistrictUS Bank ArenaFindlay Market

National Underground RailroadFreedom CenterEden ParkKrohn ConservatoryNewport AquariumNewport on the LeveeHyde Park Square

University of CincinnatiXavier UniversityOver-the-Rhine (OTR)Cincinnati Art MuseumChildren’s HospitalChrist HospitalLunken Airport

ATTRACTIONS & ENTERTAINMENT WITHIN A 15-MINUTE DRIVE

1 MILE RADIUS 2 MILE RADIUS

PROPERTY LOCATION: CITY SCALE


PROPERTY LOCATION: LOCAL SCALE

Silverton StationSilverton DonutsHigh Grain BreweryItalianette PizzaMeier WineryRalph W. Ficke ParkSilverton Park

Kenwood MallTrader Joe’sEnvision CinemasKenwood TheaterTrio’sThe Cheesecake FactoryMaggiano’s

NEIGHBORHOOD LANDMARKS, DINING& ENTERTAINMENT LESS THAN 1 MILE

LOCAL SHOPPING, DINING & ENTERTAINMENT

Dewey’s PizzaCooper’s HawkNine Giant BreweryEmber’sWhole Foods MarketFresh MarketJewish Hospital

1 MILE RADIUS

.5 MILE RADIUS


FINANCIALS AND LOCAL NEIGHBORHOOD INVESTMENT

New Construction Rents Market Rents Projected Rents

DISCLAIMER: The information provided herein is not warranted by Keller Williams Advisors and is based upon information provided by the owner.Prospective buyers shall rely on their own due diligence investigations in making their investment decisions.

NEW DEVELOPMENTS IN SILVERTON

The Residences at AG47, the largest development in Silverton’s history, is a 204 unit luxury apartment development. It is the first phase of a planned $50 million mixed use project at the corner of Montgomery and Steward roads. It is the perfect combination of location, amenities and services that residents desire. The second phase is a 60,000 square foot mixed use office and retail building.

Silverton’s first craft brewery just opened in the village’s former town hall, and is an 8,000 square foot taproom and restaurant. Silverton is banking that the brewery will fuel its ongoing revitalization. Additionally, Silverton received a streetscape grant to improve the appearance of the area that will connect the brewery to AG47.

Studios N/A $600 $600

One Bedroom Apartment

$945-$1440 $700 $650

Two Bedroom Apartment

$1590-$1915 $850 $675-$775

Three Bedroom Apartment

N/A $950 $900

Townhouse $2365-$2950 N/A N/A

Commercial Space

(3000 SF)

$1.50 per square foot

$.80-$1.25 per square foot

$1.00-$1.25 per square foot**

** based upon built-out renovations and updates to current commercial spaces.


ADDITIONAL IMAGES

for sale 7045 montgomery road, cincinnati, oh 45236...a curry at v [email protected] 513...

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