Executive Summary 7 Single-Family House Package Toledo, Ohio 43608 This Property package is offered for sale to qualified Buyers. 1
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Offered by: Renascence Investments, LLC Contact: Jason Stewart 678.361.7175 Jason@renascenceinvestments.com 8
Investment Opportunity Purchase Price for all 7 homes: $179,000 Building Class: C+/C Location Class: C Investment Benefits * Perfect Multifamily Starter Package * Priced to Move * Buy 7 Income Producing Houses in One * Perfect Unit Mix * Ideal for the Part Time Real Estate Investor * Huge Tax Benefits * Perfect for your IRA * Opportunity to raise rents * Stable Area, Stays Rented * Cap Rate >10% * All 7 properties are rented w/ long term tenants Opportunity: Excellent opportunity for an investor to get on board and acquire a cashflowing real estate portfolio of 7 house at one time! All of the properties are occupied by long term tenants and well maintained. Toledo, Ohio is a nationally strong submarket which offers a high cap rate - with remaining upside with rent increase. Also, there is the opportunity to profit from appreciation of the individual properties over time. Current tenants pay all utilities. Offer Procedure 1. All offers must be submitted with Proof of Funds. 2. Submit offers to Jason@renascenceinvestments.com 3. Questions: Call Jason Stewart @ 678.361.7175 9
Property Descriptions & Performance (All properties in Toledo, OH 43608) Unit Mix Address # of Bedrooms Market Rent 1805 Mulberry St. 3 $600 1226 Baker St. 2 $550 555 E. Hudson St. 4 $680 1806 Homer Ave. 2 $550 1810 Homer Ave. 2 $550 1813 Homer Ave. 2 $550 3031 Chestnut Ave. 2 $500 Income Pro-Forma Monthly Potential Income $3,980 Other Income 0 Gross Scheduled Income 3,980 Less Vacancy (8%) (318) Less Expenses (40%) (1592) Monthly Net Operating Income $2,070 # of Properties: 7 Style: Two Story, garden type Electric: Individually Metered HVAC: Window A/C units, Gas Furnace Roofs: Pitched Current Occupancy: (100%) Cap Rate: 11.0% (Actual) 13.9% (Pro-forma) Built: Various times, houses in good condition Amenities: Ample space for families, Up Front Parking, Downtown Shopping One Block Away, Large Lots / w Back Yards, some properties w/ garages Unit Amenities: Some with garages, Covered entries County: Lucas Status: Under contract by Renascence Investments, LLC 0 1
Property Highlights Stable investment properties that are already cash-flowing Foundation, electrical, plumbing, roof, sheetrock, flooring, carpet, fixtures, carpet and exterior all well maintained. Stable occupancy but rents are below market w/ and opportunity for significant rent increases and further value creation Priced to move!!! Residents pay utilities Strong management infrastructure that comes with new owner All properties have tenants that have been there for years. All properties in the same zip code / general area All properties are approved for Section 8 tenants 11
Confidentiality It is acknowledged by reader that information furnished in this Executive Summary is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious damage; therefore, reader agrees not to disclose it without express written permission. Disclaimer The information contained herein does not purport to be all inclusive nor does it purport to contain all of the information representative of the property. Neither we nor any of our respective partners, officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein or otherwise expressed and conveyed and no legal liability is assumed or shall be implied with respect hereto. Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions. Projections, especially, are based on various assumptions and subjective determinations as to which no guaranty or assurance is given. Potential investors are recommended and urged to perform their own examination and investigation and not to rely on the information contained within this document or other materials otherwise provided Contact Information Please contact me at the phone number or email address listed below if you are an interested party, or if you require further information. Jason Stewart, 678-361-7175 Renascence Investments, LLC Email: Jason@renascenceinvestments.com 2 1