MULTI-FAMILY REAL ESTATE AUCTION
12/15/2010
Auction Conducted off site at the offices of Wood & Lamping, LLP
600 Vine Street Suite 2500
Cincinnati, OH 45202
Court Ordered Multi Family Real Estate Auction
9 Apartment Buildings
197 Total Units
12/15/2010
Auction Conducted off site at the offices of Wood & Lamping, LLP
600 Vine Street Suite 2500
Cincinnati, OH 45202
9 Apartment Buildings
197 Total Units
Properties will be offered with nominal minimum bids
Bidders must be pre approved by Dec. 10 to participate in the auction.
(See Qualified Bidder Requirements & Agreement at bottom of page)
PROPERTY #1
Burton Apartments
946 Burton Ave.
North Avondale
Parcel ID 108-0005-0021-00
Minimum Bid $90,000
Hamilton County Auditor Appraisal $423,300
Inspection: Tues. Dec. 7 9:00 AM to 10:00AM
- (19) One bedroom/one bath, 550 sq. ft.
- (9) Two bedroom/one bath, 750 sq. ft.
- (2) Three bedroom/one bath, 900 sq. ft.
- (12) Units Occupied
- Gross Annual Income $56,820M
- .522 Acres
- Built 1962
- No. Units -30
- No. Buildings- 1
- Stories-3
- Exterior-Brick
- Roof –Flat build up
- Windows- Single pane aluminum
- Heat-Gas boiler paid by landlord
- Air Conditioning Thru wall unit supplied by tenant
- Electricity- Individually metered paid by tenant
- Hot Water- Gas paid by landlord
- Cook Stoves- Gas paid by tenant
- Trash Removal- Paid by landlord
- Parking -Off street approx. 20 spaces
PROPERTY #2
Durrell Apartments
3115 Durrell Ave.
Evanston
Parcel ID 055-0003-0035-00
Minimum Bid $81,000
Hamilton County Auditor Appraisal $427,060
Inspection: Tues. Dec. 7 4:00 PM to 5:00 PM
- (10) One bedroom/one bath, 600 sq. ft.
- (17) Two bedroom/ one bath, 700 sq. ft.
- (8) Units occupied
- Gross Annual Income $35,280
- 0.563 Acres
- Year Built- 1966
- Number of Units- 27
- Number of Buildings -1
- Number of Stories -2.5
- Exterior- Brick
- Roof –Flat membrane
- Windows- Single pane aluminum
- Heat- Gas boiler; paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Individually metered; paid by tenant
- Hot Water – Gas paid by landlord
- Cooking – Electric paid by tenant
- Trash Removal- Paid by landlord
- Parking- Off street approx. 20 spaces
PROPERTY #3
East Clifton Apartment
139 E. Clifton Ave.
Over the Rhine
Parcel ID 094-0005-0276-00
Minimum Bid $60,000
Hamilton County Auditor Appraisal $62,250
Inspection: Wed. Dec. 8 9:00 AM to 10:00 AM
- (7) Studio, 400 sq. ft.
- (10) One bedroom/one bath, 600 sq. ft.
- (1) Two bedroom/one bath, 750 sq. ft.
- (2) Four bedroom/one bath, 900 sq. ft.
- (6) Units occupied
- Gross Annual Income $28,020
- 0.162 Acres
- Year Built-1870
- Number of Units -20
- Number of Buildings-2
- Number of Stories-3
- Exterior-Brick
- Roof- Pitched, shingle
- Windows- Double pane vinyl
- Heat- Gas boiler paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Paid by landlord
- Hot Water- Paid by landlord
- Cooking- Electric paid by landlord
- Trash Removal- Paid by landlord
- On street parking
PROPERTY #4
Montgomery Apartments
3501 Montgomery Rd.
Evanston
Parcel ID 058-0006-0007-00
Minimum Bid $45,000
Hamilton County Auditor Appraisal $164,260
Inspection: Tues. Dec. 7 2:45 PM to 3:45 PM
- (15) Two bedroom/one bath, 750 sq. ft.
- (8) Units occupied
- Gross Income $35,160
- 0.194 Acres
- Year Built -1906
- Number of Units -15
- Number of Buildings-1
- Number of Stories- 3
- Exterior -Brick
- Roof- Pitched tile
- Windows- Double pane vinyl
- Heat- Gas boiler; paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Individually metered; paid by tenant
- Hot Water – Gas paid by landlord
- Trash Removal- Paid by landlord
- Cooking- Gas paid by tenant
- On street parking
PROPERTY #5
Rockdale Row Apartment
532 Rockdale Ave.
Avondale
Parcel ID 113-0001-0025-00
Minimum Bid $36,000
Hamilton County Auditor Appraisal $183,600
Inspection: Wed. Dec. 8 10:30 AM to 11:30 AM
- (1) Studio, 400 sq. ft.
- (1) One bedroom/one bath, 550 sq. ft.
- (10) Two bedroom/one bath, 700 sq.ft.
- (3) Units Occupied
- Gross Annual Income $18,240
- .0207 Acres
- Year Built- 1955
- No. Units -12
- No. Buildings -1
- Stories -2.5
- Exterior -brick
- Roof –Pitched, shingle
- Windows- Double pane vinyl
- Heat – Gas boiler paid by landlord
- A/C Window unit supplied by tenant
- Electricity- Individually metered; paid by tenant
- Hot Water- Paid by landlord
- Trash Removal- paid by landlord
- Cooking- Gas Paid by tenant
- Parking on street
PROPERTY #6
LaVentura Apartments
700 Chalfonte Place – 704 Fred Shuttlesworth Circle
Avondale
Parcel ID 112-0004-0018-00
Minimum Bid $26,000
Hamilton County Auditor Appraisal $764,600
Inspection: Tues. Dec. 7 11:30 AM to 12:30 PM
- (4) Studio, 450 sq. ft.
- (15) Two bedroom/one bath, 750 sq. ft.
- (7) Three bedroom/one bath, 900 sq. ft.
- Property is not occupied
- 0.995 Acres
- Year Built- 1928
- Number of Units- 26
- Number of Buildings -1
- Number of Stories- 3
- Exterior- Brick
- Roof –Flat/ pitched, tile & membrane
- Windows- Casement
- Heat- Gas boiler paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Individually metered; paid by tenant
- Hot Water – Gas paid by landlord
- Cooking- Gas paid by resident
- Parking – Off street approx. 25 spaces
PROPERTY #7
Buckingham Apartment
739 Chalfonte Place – 741 Chalfonte Place – 3651 Reading Rd.
Avondale
Parcel ID 112-0004-0058-00
Minimum Bid $25,000
Hamilton County Auditor Appraisal $405,450
Inspection: Tues. Dec. 7 10:15 AM to 11:15 AM
- (4) Two bedroom/one bath, 887 sq. ft.
- (20) Three bedroom/ one bath, 965 sq. ft.
- (3) Units Occupied
- Gross Annual Income $20,700
- 0.386 Acres
- Year Built -1928
- Number of Units- 24
- Number of Buildings – 3
- Number of Stories- 4
- Exterior -Brick
- Roof- Flat, membrane
- Windows- Double pane vinyl
- Heat -Gas boiler; paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Individually metered; paid by tenant
- Hot Water – Gas paid by landlord
- Trash Removal -paid by landlord
- Cooking- Electric paid by tenant
- Parking- On street
PROPERTY #8
Frintz-Clifton Apartments
103 East Clifton Ave. – 1716, 1714,1710 Frintz
Over the Rhine
Parcel ID 094-0005-0260
Minimum Bid $25,000
Hamilton County Auditor Appraisal $105,030
Inspection: Wed. Dec. 8 9:00 AM to 10:00 AM
- (12) One bedroom/one bath, 550 sq. ft.
- (3) Two bedroom/one bath, 750 sq. ft.
- (6) Three bedroom/one bath, 900 sq. ft.
- (4) Four bedroom/one bath, 1,200 sq. ft.
- (5) Units occupied
- Gross Annual Income $25,404
- 0.166 Acres
- Year Built -1900
- Number of Units -25
- Number of Buildings -3
- Number of Stories -3
- Exterior -Brick
- Roof- Flat membrane
- Windows -Double pane aluminum
- Heat -Gas boiler; paid by landlord
- A/C Window unit supplied by tenant
- Electricity -Paid by landlord
- Hot Water- Gas paid by landlord
- Cooking- Electric paid by landlord
- Trash Removal -Paid by landlord
- Parking on street
PROPERTY #9
Ambassador Apartments
722 Gholson Ave.
Avondale
Parcel ID 112-0004-0027-00
Minimum Bid $18,000
Hamilton County Auditor Appraisal $308,650
Inspection: Dec. 7 1:30 PM to 2:30 PM
- (6) Two bedroom/one bath, 887 sq. ft.
- (12) Three bedroom/one bath, 965 sq. ft.
- Property is not occupied
- 0.433 Acres
- Year Built- 1924
- Number of Units- 18
- Number of Buildings -1
- Number of Stories- 3
- Exterior- Brick
- Roof –Flat membrane
- Windows -Wood double hung
- Heat- New gas boiler paid by landlord
- Hot water- Gas paid by landlord
- Cooking- Gas paid by tenant
- Electricity -Individually metered; paid by tenant
- Parking on street
UTILITY INFORMATION WORKBOOK (All Properties)
PROPERTY INFORMATION PACKET (All Properties)
Properties will be offered individually and in bidder selected combinations.
Properties are ordered sold by Court of Common Pleas, Hamilton County, Ohio in Bayview Loan Servicing LLC v 722 Gholson, LLC, et. al., Case # A08004934