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

    • Past Auctions

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


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)

BROCHURE


The Minimum Bid price for all properties as a group is $406,000.

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