Building Details:
• Year Built: 1908
125 Park Ave is located in Hamilton, OH.
The subject property has underwent extreme renovations over the last 6 months with completion of the rehab just completed this year. Leasing efforts are underway with an anticipated occupancy of 100% within the next several weeks. Since the property was not been operated over the last 12 months the financial analysis is a projection based on the owner prior experience in owning and managing several hundred units over the last several years. The analysis is very conservative using a 10% vacancy and $3627/unit allocated for expenses keeping in consideration that tenants pay heat. A new owner could easily reduce expenses and maintain a 95% occupancy. Please see attached analysis which is also available in the document vault on the property website.
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