Transcription
5 0 5 - 5 0 9 D e t r o i t S t r e e t , B e l l e f o n ta i n e , O h i o 4 3 311For sale: 649,000Property Features: 24 Condo UnitsGreat Investment!12-two bedroom units11-one bedroom unitsLaundry room is the24th unit and iscurrently used for amaintenance roomTenants pay electricLandlord pays water,sewer, and trashAssigned parkingNew roof in 201224 notice for allshowings and listingagent needs to bepresentB EST C ORPORATE R EAL ESTATER ANDY BEST2 1 2 1 R I V E R SI D E D R .U PPER A RLINGTON, O H 4 32 2 1WWW.B ESTC ORPORATER EALE STATE. COMP HONE: 6 14 - 55 9- 3 35 0 EXT. 1 7F AX: 61 4- 55 9 -3 3 90E MAIL: R BEST@ BESTCORPORATEREALESTATE. COMThis information has either been given to us by the Owner of the Property or received through sources that we deem to be reliable.reason to doubt its accuracy, but we do not guarantee it.We have no
9/23/2015Full Photo TourFull Photo Tour505 509 S Detroit Street, Bellefontaine, OH 43311This listing is Active Listed for 649,000 MLS # 215021915Auditor PhotoIMG 1831IMG 2464IMG 2466IMG 2475IMG 2476http://cr.flexmls.com/cgi bin/mainmenu.cgi?cmd url reports/phototour/phototour.html&list tech id x%2720150622130035065597000000%27&doneaction edit1/2
9/23/2015Full Photo TourIMG 2477IMG 2478IMG 2479IMG 2480http://cr.flexmls.com/cgi bin/mainmenu.cgi?cmd url reports/phototour/phototour.html&list tech id x%2720150622130035065597000000%27&doneaction edit2/2
1505 509 Detroit StBellefontaine, OH 43311 Logan County24 Units MUH Condo Bldg built in 1974For Sale at 649,000 ( 35.56 PSF)Great investment that is highly visible. This property offers 12 two bedroom units that rent for 405/month and 11 one bedroom units that rent for 325/month. The laundry room is the 24th unit and is currently used as a maintenance room. Each unit has electric heat and central air. Tenants payelectric and landlord pays for the water, sewer, and trash. Assigned parking and new roof in 2012.Property TypeBldg SizeStatus# UnitsYear Built# Floors# BldgsParking SpacesRoof TypeCondo20,500 SFExisting24Land Area Zoning Construction Type Brick% OccupiedSale PricePrice/UnitPrice/SFTotal ExpensesNOICap Rate197431 649,000 27,041.67 35.56 2.46 50,545.006.93%Parcel # 170911618002501Listing Company Best Corporate Real Estate Randy Best, CCIM (614) 559 3350x 12Best Corporate Real Estate www.bestcorporaterealestate.comInformation obtained from sources deemed reliable. While considered accurate, we make no guarantee, warranty or representation.Date: 09/23/2015Page 1 of 1
Site Details Map505 S Detroit St, Bellefontaine, Ohio, 43311505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5, 10, 15 MilesLatitude: 40.35498Longitude: -83.76205This site is located in:City: Bellefontaine cityCounty: Logan CountyState: OhioZIP Code: 43311Census Tract: 39091004500Census Block Group: 390910045004CBSA: Bellefontaine, OH Micropolitan Statistical Area (13340)June 22, 2015 2015 EsriMade with Esri Business Analystwww.esri.com/ba800-447-9778Try it Now!Page 1 of 1
Housing Profile505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusPopulation2010 Total Population2015 Total Population2020 Total Population2015-2020 Annual Rate18,79419,23619,7180.50%Housing Units by Occupancy Status and TenureTotal Housing UnitsOccupiedOwnerRenterVacantOwner Occupied Housing Units by ValueTotal 50,000 50,000- 99,999 100,000- 149,999 150,000- 199,999 200,000- 249,999 250,000- 299,999 300,000- 399,999 400,000- 499,999 500,000- 749,999 750,000- 999,999 1,000,000 Median ValueAverage ValueLatitude: 40.35498Longitude: -83.76205Households2015 Median Household Income2020 Median Household Income2015-2020 Annual RateCensus 62231.7%8199.9% 46,490 %0.4%0.3% 145,887 174,178 165,038 187,786Data Note: Persons of Hispanic Origin may be of any race.Source: U.S. Census Bureau, Census 2010 Summary File 1.June 22, 2015 2015 EsriPage 1 of 6
Housing Profile505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusLatitude: 40.35498Longitude: -83.76205Census 2010 Owner Occupied Housing Units by Mortgage StatusTotalOwned with a Mortgage/LoanOwned Free and %2.4%6.0%0.0%39.6%Census 2010 Vacant Housing Units by StatusTotalFor RentRented- Not OccupiedFor Sale OnlySold - Not OccupiedSeasonal/Recreational/Occasional UseFor Migrant WorkersOther VacantCensus 2010 Occupied Housing Units by Age of Householder and Home 5 Occupied Units7,4503551,1821,2951,6121,355853586212Owner Occupied UnitsNumber% of %1,03576.4%66878.3%46779.7%15774.1%Census 2010 Occupied Housing Units by Race/Ethnicity of Householder and Home OwnershipTotalWhite AloneBlack/African AsianPacific Islander AloneOther Race AloneTwo or More RacesHispanic OriginOccupied Units7,4507,00524922652159273Owner Occupied UnitsNumber% of 150.0%1066.7%3538.0%3750.7%Census 2010 Occupied Housing Units by Size and Home rson6-Person7 PersonOccupied Units7,4481,9972,5791,17898743917989Owner Occupied UnitsNumber% of 0.4%28063.8%10759.8%4752.8%Data Note: Persons of Hispanic Origin may be of any race.Source: U.S. Census Bureau, Census 2010 Summary File 1.June 22, 2015 2015 EsriPage 2 of 6
Dominant Tapestry Map505 S Detroit St, Bellefontaine, Ohio, 43311Rings: 5, 10, 15 mile radiiLatitude: 40.35498Longitude: -83.76205Source: EsriJune 22, 2015 2015 EsriPrepared by Esriwww.esri.com/ba800-447-9778Try it Now!Page 1 of 2
Dominant Tapestry Map505 S Detroit St, Bellefontaine, Ohio, 43311Rings: 5, 10, 15 mile radiiLatitude: 40.35498Longitude: -83.76205Tapestry SegmentationTapestry Segmentation represents the fifth generation of market segmentation systems that began 30 years ago. The 67segment Tapestry Segmentation system classifies U.S. neighborhoods based on their socioeconomic and demographiccomposition. Each segment is identified by its two-digit Segment Code. Match the two-digit segment labels on the map to thelist below. Click each segment below for a detailed description.Segment 1A (Top Tier)Segment 8C (Bright Young Professionals)Segment 1B (Professional Pride)Segment 8D (Downtown Melting Pot)Segment 1C (Boomburbs)Segment 8E (Front Porches)Segment 1D (Savvy Suburbanites)Segment 8F (Old and Newcomers)Segment 1E (Exurbanites)Segment 8G (Hardscrabble Road)Segment 2A (Urban Chic)Segment 9A (Silver & Gold)Segment 2B (Pleasantville)Segment 9B (Golden Years)Segment 2C (Pacific Heights)Segment 9C (The Elders)Segment 2D (Enterprising Professionals)Segment 9D (Senior Escapes)Segment 3A (Laptops and Lattes)Segment 9E (Retirement Communities)Segment 3B (Metro Renters)Segment 9F (Social Security Set)Segment 3C (Trendsetters)Segment 10A (Southern Satellites)Segment 4A (Soccer Moms)Segment 10B (Rooted Rural)Segment 4B (Home Improvement)Segment 10C (Diners & Miners)Segment 4C (Middleburg)Segment 10D (Down the Road)Segment 5A (Comfortable Empty Nesters)Segment 10E (Rural Bypasses)Segment 5B (In Style)Segment 11A (City Strivers)Segment 5C (Parks and Rec)Segment 11B (Young and Restless)Segment 5D (Rustbelt Traditions)Segment 11C (Metro Fusion)Segment 5E (Midlife Constants)Segment 11D (Set to Impress)Segment 6A (Green Acres)Segment 11E (City Commons)Segment 6B (Salt of the Earth)Segment 12A (Family Foundations)Segment 6C (The Great Outdoors)Segment 12B (Traditional Living)Segment 6D (Prairie Living)Segment 12C (Small Town Simplicity)Segment 6E (Rural Resort Dwellers)Segment 12D (Modest Income Homes)Segment 6F (Heartland Communities)Segment 13A (International Marketplace)Segment 7A (Up and Coming Families)Segment 13B (Las Casas)Segment 7B (Urban Villages)Segment 13C (NeWest Residents)Segment 7C (American Dreamers)Segment 13D (Fresh Ambitions)Segment 7D (Barrios Urbanos)Segment 13E (High Rise Renters)Segment 7E (Valley Growers)Segment 14A (Military Proximity)Segment 7F (Southwestern Families)Segment 14B (College Towns)Segment 8A (City Lights)Segment 14C (Dorms to Diplomas)Segment 8B (Emerald City)Segment 15 (Unclassified)Source: EsriJune 22, 2015 2015 EsriPrepared by Esriwww.esri.com/ba800-447-9778Try it Now!Page 2 of 2
ACS Housing Summary505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusLatitude: 40.35498Longitude: -83.762052009-2013ACS EstimateTOTALSTotal PopulationPercentMOE( )18,4731,044Total Households7,283338Total Housing Units8,088359OWNER-OCCUPIED HOUSING UNITS BY VALUETotal4,812100.0%302Less than 10,000691.4%47 10,000 to 14,999 15,000 to 19,9997411.5%0.0%682 20,000 to 24,999290.6%26 25,000 to 29,999450.9%40 30,000 to 34,999220.5%30 35,000 to 39,999791.6%71 40,000 to 49,999691.4%28 50,000 to 59,9992865.9%124 60,000 to 69,9991944.0%90 70,000 to 79,9992946.1%101 80,000 to 89,9992695.6%84 90,000 to 99,9994499.3%112 100,000 to 124,99964413.4%126 125,000 to 149,99971414.8%140 150,000 to 174,99957411.9%124 175,000 to 199,9992605.4%66 200,000 to 249,9993627.5%79 250,000 to 299,9992134.4%61 300,000 to 399,999711.5%56 400,000 to 499,999230.5%26 500,000 to 749,999180.4%12 750,000 to 999,999430.9%52 1,000,000 or more110.2%8Median Home ValueAverage Home ValueOWNER-OCCUPIED HOUSING UNITS BY MORTGAGE STATUSTotal 120,439N/AN/AN/A4,812100.0%3023,24667.5%276Second mortgage only2014.2%68Home equity loan only56711.8%132Housing units with a mortgage/contract to purchase/similar debtBoth second mortgage and home equity loanNo second mortgage and no home equity loanHousing units without a ityAVERAGE VALUE BY MORTGAGE STATUSHousing units with a mortgageN/AN/AHousing units without a mortgageN/AN/ASource: U.S. Census Bureau, 2009-2013 American Community SurveyReliability:highmediumlowJune 22, 2015 2015 EsriPage 1 of 12
ACS Housing Summary505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusLatitude: 40.35498Longitude: -83.762052009-2013ACS EstimatePercentMOE( )2,471100.0%3002,29793.0%295Less than 100672.7%61 100 to 149140.6%19 150 to 199441.8%32 200 to 2491154.7%87 250 to 299261.1%30 300 to 3491405.7%79 350 to 3991536.2%91 400 to 44925110.2%101 450 to 4992329.4%99 500 to 54933313.5%120ReliabilityRENTER-OCCUPIED HOUSING UNITS BY CONTRACT RENTTotalWith cash rent 550 to 599853.4%48 600 to 64935914.5%132 650 to 699923.7%61 700 to 7491245.0%83 750 to 799733.0%68 800 to 899672.7%55 900 to 999120.5%18 1,000 to 1,249632.5%46 1,250 to 1,499451.8%60 1,500 to 1,99900.0%0 2,000 or more00.0%01747.0%77No cash rentMedian Contract RentAverage Contract Rent 516N/AN/AN/ARENTER-OCCUPIED HOUSING UNITS BY INCLUSION OFUTILITIES IN RENT2,471100.0%300Pay extra for one or more utilities2,31493.6%297No extra payment for any utilities1576.4%77359TotalHOUSING UNITS BY UNITS IN STRUCTURETotal8,088100.0%1, detached5,73670.9%3371, attached2453.0%10023 or 42536283.1%7.8%1041895 to 93574.4%12810 to 193324.1%13720 to 491111.4%69220.3%263904.8%97130.2%3950 or moreMobile homeBoat, RV, van, etc.Source: U.S. Census Bureau, 2009-2013 American Community SurveyReliability:highmediumlowJune 22, 2015 2015 EsriPage 2 of 12
ACS Housing Summary505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusLatitude: 40.35498Longitude: -83.762052009-2013ACS EstimatePercentMOE( )359ReliabilityHOUSING UNITS BY YEAR STRUCTURE BUILTTotal8,088100.0%Built 2010 or later150.2%13Built 2000 to 200988510.9%176Built 1990 to 199981910.1%158Built 1980 to 19897178.9%149Built 1970 to 19791,03312.8%190Built 1960 to 19691,16114.4%221Built 1950 to 195981710.1%169Built 1940 to 19494916.1%1322,15026.6%269Built 1939 or earlierMedian Year Structure Built1965N/AOCCUPIED HOUSING UNITS BY YEAR HOUSEHOLDER MOVEDINTO UNIT7,283Total100.0%338Owner occupiedMoved in 2010 or later3004.1%113Moved in 2000 to 20092,33732.1%251Moved in 1990 to 199996113.2%159Moved in 1980 to 19894536.2%102Moved in 1970 to 19794225.8%94Moved in 1969 or earlier3404.7%86Moved in 2010 or later84211.6%187Moved in 2000 to 20091,44419.8%247Moved in 1990 to 19991271.7%72Moved in 1980 to 1989230.3%27Moved in 1970 to 1979250.3%28Moved in 1969 or earlier100.1%11Renter occupiedMedian Year Householder Moved Into UnitOCCUPIED HOUSING UNITS BY HOUSE HEATING FUELTotal2003N/A7,283100.0%338Utility gas3,94954.2%317Bottled, tank, or LP 2450.0%3.4%058Fuel oil, kerosene, etc.Coal or cokeWoodSolar energy00.0%0Other fuel400.5%11No fuel used130.2%18Source: U.S. Census Bureau, 2009-2013 American Community SurveyReliability:highmediumlowJune 22, 2015 2015 EsriPage 3 of 12
ACS Housing Summary505 S Detroit St, Bellefontaine, Ohio, 43311Ring: 5 mile radiusLatitude: 40.35498Longitude: -83.762052009-2013ACS EstimatePercentMOE( )7,283100.0%338ReliabilityOCCUPIED HOUSING UNITS BY VEHICLES AVAILABLETotalOwner occupiedNo vehicle available1121.5%631 vehicle available1,36618.8%2092 vehicles available1,93926.6%2273 vehicles available79710.9%1454 vehicles available4986.8%130991.4%345 or more vehicles availableRenter occupiedNo vehicle available4115.6%1171,11615.3%2462 vehicles available76410.5%1763 vehicles available1712.3%824 vehicles available60.1%105 or more vehicles available20.0%171 vehicle availableAverage Number of Vehicles AvailableN/AN/AData Note: N/A means not available.2009-2013 ACS Estimate: The American Community Survey (ACS) replaces census sample data. Esri is releasing the 2009-2013 ACS estimates,five-year period data collected monthly from January 1, 2009 through December 31, 2013. Although the ACS includes many of the subjectspreviously covered by the decennial census sample, there are significant differences between the two surveys including fundamental differences insurvey design and residency rules.Margin of error (MOE): The MOE is a measure of the variability of the estimate due to sampling error. MOEs enable the data user to measurethe range of uncertainty for each estimate with 90 percent confidence. The range of uncertainty is called the confidence interval, and it is calculatedby taking the estimate /- the MOE. For example, if the ACS reports an estimate of 100 with an MOE of /- 20, then you can be 90 percent certainthe value for the whole population falls between 80 and 120.Reliability: These symbols represent threshold values that Esri has established from the Coefficients of Variation (CV) to designate the usability ofthe estimates. The CV measures the amount of sampling error relative to the size of the estimate, expressed as a percentage.High Reliability: Small CVs (less than or equal to 12 percent) are flagged green to indicate that the sampling error is small relative to theestimate and the estimate is reasonably reliable.Medium Reliability: Estimates with CVs between 12 and 40 are flagged yellow—use with caution.Low Reliability: Large CVs (over 40 percent) are flagged red to indicate that the sampling error is largerelative to the estimate. The estimate is considered very unreliable.Source: U.S. Census Bureau, 2009-2013 American Community SurveyReliability:highmediumlowJune 22, 2015 2015 EsriPage 4 of 12
DisclaimerAndConfidentiality AgreementBest Corporate Real Estate has been retained as the broker regarding the sale/lease of this property/business.This information is intended solely for the LIMITED use by the parties to consider whether to pursue an intent tooffer or lease this property/business.Although the information contained herein is believed to be correct, Best Corporate Real Estate, the Owner, andtheir officer’s, agents and/or employees disclaim, any and all liability for representations, warranties, and orguarantees, expressed and/or implied, contained herein, or any omissions from the information being provided.This includes any additional oral or written communication made available to the recipient.This information contains a brief overview of selected information pertaining to the affairs of theproperty/business. It does not claim to contain all the information a prospect may desire or require. There is norepresentation, warranty, expressed or implied as to the accuracy or completeness of the information, and therewill be no liability of any kind whatsoever assumed by the Broker or Owner with respect hereto. Analysis andverification of this information is solely the responsibility of the prospect.By accepting the receipt of this information, this confidentiality information is to be kept by the interested partiesonly. By accepting these documents, you are stating that you might be interested in pursuing an offer for theproperty/business. The enclosed contains information, pictures, and other materials that are informational only.Best Corporate Real Estate and the Owner does not deem this information to be all inclusive nor containeverything that a purchaser may require. The purchaser is responsible for reviewing for accuracy and the details ofthis information and may request additional information if desired.By accepting this information, the potential prospect and/or the prospect’s broker agree that the propertyinformation is confidential. Duplication or photocopying (all or in part) is not permitted. Best Corporate RealEstate deems this information reliable but cannot be made accountable for its accuracy. The owner of theproperty/business reserves the right to make any change, to add, delete, or modify the information at any time.The Owner reserves the right to reject any potential offer at any time without notice. This property information isnot to be construed as an offer, a contract, or commitment.The potential purchaser and or purchaser’s broker is not allowed to communicate, interview, or represent totenant/employee’s that the property/business is for sale/lease.No representation is made by Best Corporate Real Estate or Owner as to the accuracy or completeness of theinformation or photographs contained herein, and nothing contained herein is, or shall be relied on as, a promiseor representation as to the future performance of the property/business.Prospective Purchaser may not interview the tenants, represent to the tenants that the Property is for sale, orrepresent to the tenants that the Prospective Purchase is buying the property without written consent from theOwner.
Additional Information and an opportunity to inspect the Property will be made upon written request byinterested and qualified prospective investors and upon execution of a Confidentiality Agreement.By the accepting this information, you agree that you will hold and treat it in the strictest confidence, that you willnot photocopy or duplicate it, that you will not disclose this information or any of the contents to any other entitywithout the prior written authorization.By acknowledgement of receipt of the Property information, Prospect and Broker agree that the Propertyinformation is confidential, proprietary and the exclusive possession of Owner and further that you will hold andtreat it in the strictest of confidence, that you will not directly or indirectly disclose, or permit anyone else todisclose, the Property information to any other person, firm or entity, without prior written authorization.Prospect and/or Broker further agree that they will not duplicate, photocopy or otherwise reproduce the Propertyinformation in whole or in part or otherwise use or permit it to be used in any fashion.Prospect and Broker hereby agree to indemnify Owner and Owner’s Broker from any loss or damage, which maybe suffered as a result of the breach of the terms and conditions of this Confidentiality Agreement. Ownerexpressly reserves the right at Owner’s sole, singular, exclusive and arbitrary discretion to reject any or allproposals or expressions of interest in this Property and can terminate discussions in connection with any party atany time without notice or cause.This information shall not be deemed to represent the state of affairs of the Property/Business or constitute anindication that there has been no change in the business or affairs of the Property since the date of preparation ofthis information.The information provided has been gathered from sources that are deemed reliable, but the Owner does notwarrant or represent or guarantee that the information is true or accurate. Again, you are advised to verify allinformation independently.The inclusion or exclusion of information relating to any hazardous, toxic or dangerous chemical item, waste orsubstance relating to the property/business shall in no way be construed as creating any warranties orrepresentations, expressed or implied by the Owner or its Broker/Agents as to the existence or nonexistence orany potential hazardous material.
505 S Detroit St, Bellefontaine, Ohio, 43311 Latitude: 40.35498 Ring: 5, 10, 15 Miles Longitude: -83.76205 This site is located in: City: Bellefontaine city County: Logan County . Segment 5C (Parks and Rec) Segment 11B (Young and Restless) Segment 5D (Rustbelt Traditions) Segment 11C (Metro Fusion)
