Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

8 Unit Apartment Building

1314 Girard Street,
Akron, Ohio 44301

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    2
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $63,000                       Cost per door:  $7,875 

Building Class:    C

Location Class:   C 

Investment Benefits 

?    Solid Cash-Flowing Property
?    Pro forma cap rate 55.39%
?    Pro Forma cash on cash return 214.4%
?    5-year annual ROI 218.9% per year
?    Great Investment Opportunity
?    Excellent Professional Property Management company available
?    Great Location: Akron, OH is part of the larger Cleveland-Akron-Canton OH Metropolitan Area with a population of 3,500,000
?    7-minute drive to University of Akron (with an enrollment of 27,000 students/year)
?    Akron is a 3-time winner of the All-American City Award 
?    Akron is one of the fastest growing communities in the nation
?    Room for rent increases
?    More possible value plays
?    Nationally ranked hospitals, including Akron Children’s Hospital, Akron General Medical Center and Summa Health System
?    13 College & Universities within commuting distance
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 2.35% 
?    Akron is one of the top Real Estate markets in Ohio
?    $1,480 actual NOI 
?    $34,895 Pro Forma NOI
?    8 Minute drive to Akron Fulton International Airport
?    Perfect Starter multifamily deal
?    Major Employers: Goodyear Tire Co., Firestone Tire Co., Gojo Industries, University of Akron, Kent State University, Akron Health System, Summa Health System, Akron Medical Center, Akron Public Schools, Akron Children’s Hospital, AmeriChem, Atlantic Foundry Company, FirstEnergy, Time Warner Cable, First Merit Corp
?    18 Minute drive to Kent State University (with an enrollment of 40,000 students/year)

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

Unit Mix & Income:

# of Units    Type    Market Rent
2    2 BDR/1 BA    $609
6    1 BDR/1 BA    $493

                            
Subject Property Current Rents: $425 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $4,176
Gross Scheduled Income    $50,112
  Less Vacancy (10%)    (2,506)
  Less Expenses (45%)    (12,711)
Net Operating Income    $34,895

Property Description

Number of Units:  8

Style:  Two-story

Utilities:  Owner pays for water and sewage while tenants pay for electricity and gas.

Roof:  Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  25%
                     
Building Square Footage:  3,464

Land Acreage:  .13 acres 

Built:  1926

Property Highlights

?    Great investment property in Akron, OH which is a part of larger Cleveland-Akron-Canton OH Metropolitan Area with a population of 3,500,000+ 
?    Akron is one of the top Real Estate markets in Ohio 
?    Two Fortune 500 companies have Head Quarters in Akron 
?    Projected Job Growth in Akron is over the next 10 years is 26.2% 

?    7 min drive to University of Akron (with an enrollment of 27,000 students/year) 
?    18 min drive to Kent State University (with an enrollment of 40,000 students/year) 
?    8 min drive to Akron Fulton International Airport 
?    13 College & Universities within commuting distance and 32 others within a 50-mile radius. The following are the nearby schools: Mc Ebright Elementary School, Voris CLC Elementary School, Firestone Park Elementary School, Rimer Elementary School, Main Preparatory School, Akron Special Education, Glover Community Learning Center, Colonial Prep Academy, Pfeiffer Elementary School, STEAM Academy Akron, Akron Alternative Academy, Leggett Elementary School, Archbishop Hoban High School, Bridges Learning Center, Hoban High School, St. Mary School, and Kenmore-Garfield High School 

?    Near to restaurants and cafés like A Walk In The Park Café, Ms. Julie’s Kitchen, Ido Bar & Grill, Steinly’s Restaurant, Taqueria El Paso, Klein Seafood, Louisiana Famous Fried Chicken, Urbean Café, Kevin O’Bryan’s, Basement Sports Bar & Grill, Hyde Out, Micasa Mexican Restaurant, B & K Root Beer Drive In, Italo’s Pizza, and Rally’s.

?    Close to supermarkets and malls namely Giant Eagle Supermarket, Summit Mall, Chapel Hill Mall, Market District Supermarket, The Plaza at Chapel Hill Shopping Center, Portage Crossing Shopping Center, Rittman IGA, and Buckeye Plaza

?    Hospitals nearby are the following: Summa Health System, Western Reserve Hospital, UK Kent Health Center, kroon General Medical Center, and Akron Children’s Hospital, and Akron General Hospital

?    Room for rent increases

?    Close to freeway access, downtown Akron, University of Akron, and popular Highland Square

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

5 Unit Apartment Building 

422 W. Howard Street, 
Muncie, Indiana 47305

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    2
Property Description    2
Property Highlights    3
Confidentiality    3
Disclaimer    4
Contact Information    4

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $29,500                       Cost per door:  $5,900 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 65.79%
?    Cash on cash return 200.6%
?    5-year annual ROI 204.0% per year
?    Great Investment Opportunity
?    Experienced Professional Property Management company available
?    6-minute drive to Ball State University (22,000 Students in 2018)
?    Room for rent increases
?    More possible value plays
?    5 Minute walk to Ivy Tech Community College    ?    40% Occupied
?    Cap Rate on Actuals: 10.09% (Due to 60% Vacancy)
?    Muncie is one of the top Real Estate markets in Indiana
?    $2,978 actual NOI
?    $19,408 pro forma NOI
?    Perfect Starter multifamily deal
?    Major Employers: Ball State University, IU Ball Memorial Hospital, General Motors-Metal Fabricating, Red Gold, Reid Hospital & Health Care Services, Indiana Wesleyan University, Ivy Tech Community College – East Central

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

                            
Subject Property Current Rents:  $350 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $2,352
Gross Scheduled Income    $28,224
  Less Vacancy (10%)    (1,411)
  Less Expenses (45%)    (7,404)
Net Operating Income    $19,408

Property Description

Number of Units:  5

Style:  Two-story

Utilities:  Owner pays for water & sewer while tenants pay for electricity.

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  40%
                     
Building Square Footage:  2,700 sq ft

Land Acreage:  0.09 acres

Built:  1896

Property Highlights

?    Solid 5 Unit Property With Great Cash-Flow Potential

?    4 min drive to South View Elementary School, 5 min drive to Muncie Central High School & East Washington Academy, 6 min drive to Indiana Academy for Science Math & Humanities & Burris Laboratory School, 7 min drive to St. Mary Elementary School, Longfellow School, and Pope John Paul II Middle School , 8 min drive to West View Elementary School, North Side Middle School, Grissom Memorial Elementary School, and Muncie Community School

?    Near to restaurants namely Tuppee Tong Thai Restaurant, Twin Archer Brewpub, Greek's Pizzeria, Maadi Grill, Osteria 32, Casa del Sol, Vera Mae’s Bistro, Harmony Café, Amazing Joe’s Grill, Heorot, Hoku Poku, Chavas, Thai Kitchen and Pita Pit

?    Near to grocery shops like ALDI, Walmart Supercenter, The Downtown Farm Stand, Dollar General, Family Dollar, Asian Market, Meijer, PayLess Super Market.

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Executive Summary
Discounted Investment Opportunity

2 Unit Duplex

1712 Main Street, 
Anderson Indiana, 46016

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    4
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $29,500                       Cost per door:  $14,750 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 36.12%
?    Pro Forma cash on cash return 130.6%
?    5-year annual ROI 135.1% per year
?    Great Investment Opportunity
?    Room for rent increases
?    More possible value plays
?    Excellent Professional Property Management company available
?    Great Location: Anderson, IN has a population of 56,000
?    It is the county seat of Madison County which has a population 129,000
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Switzerland-based Nestle Corporation built a $920 million plant in Anderson in 2007. 
?    Other foreign investments have come from Japan-based Greenville Technologies Inc, Italy-based Sirmax North America Inc., and Japan-based NTN Driveshaft Anderson, Inc. 
?    NTN recently announced it would joint venture with NTK Precision Axle Corp to build a more than $100 million manufacturing facility in Anderson
?    Italpollina Biostimulants recently open their $10 million production facility in Anderson
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 14.30% 
?    $4,218 actual NOI 
?    $10,654 Pro Forma NOI
?    Perfect Starter multifamily deal
?    11 minute drive to Anderson University
?    12 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson13 College & Universities within commuting distance
?    Major Employers: Greenville Technologies, Sirmax North America Inc., NTN Drive Shaft Anderson, Inc., Community Hospital Anderson, St. Vincent Health, Nestle, Carter Express, Hoosier Park, Anderson University, Walmart, Kroger/PayLess Super Markets, Ricker Oil Company, ALA Trucking, Italpollina Biostimulants, Go Electric Inc., Leclanche’ 
?    Economists estimate there are currently 800-900 jobs to be filled in Madison County
?    Indiana has the lowest unemployment rate in the region
?    Anderson unemployment rate is 3.3% and expected to drop to 3.1% over the next year. 

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

Pro forma Unit Mix & Income:

# of Units    Type    Market Rent
1    1 BDR/1 BA    $583
1    2 BDR/1 BA    $583

                            
Subject Property Current Rents:  $250-$285 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $1,166
Gross Scheduled Income    $13,992
  Less Vacancy (5%)    (700)
  Less Expenses (18%)    (2,638)
Net Operating Income    $10,654

Property Description

Number of Units:  2

Style:  Two-story

Utilities:  Owner pays for water & sewer while tenants pay for electricity & gas. 

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  100%
                     
Building Square Footage:  1,544 sq ft

Land Acreage:  0.05 acres

Built:  1890

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    Under market rents
?    Class C property in a Class C area. 
?    2 minutes away from St. Vincent Anderson Regional Hospital
?    11 minute drive to Anderson University
?    12 minute drive to Ivy Tech College Community 
?    Near to schools and colleges such as Anderson Elementary School & Anderson High School, Liberty Christian School, St. Mary’s School, Anderson Special Education, The Excel Center, Longfellow School, Anderson Preparatory Academy, St. Ambrose School, Eastside Elementary School, Edgewood Elementary School, and Tenth Street Elementary School
?    Restaurants nearby are the following: The Lemon Drop, Burro Loco, La Nueva Charreada, Cabbage Rose Eatery, Anderson Grill, Riviera Maya Mexican Restaurant, Lidno Michoacan, King Gyros, Pitt Barbeque & Grill, McDonald’s, Trainstop Deli, Kroakerheads, The Toast Café, Pizza King, Yosaku Hibachi Express, Caminos De Michoacan Carniceria Y Taqueria and Frisch’s Big Boy Restaurant
?    Near to grocery stores like Pay Less Super Market, Strong’s Market, Farm Services Food Store, Cross Street Market Place, Harvest Supermarket, Meijer, Walmart Supercenter, ALDI, Family Dollar, and Kroger Marketplace

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

5 Unit Apartment Building

2230 E Lynn St. 
Anderson, Indiana 46016

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $65,000                       Cost per door:  $13,000 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 28.65%
?    Pro Forma cash on cash return 98.2%
?    5-year annual ROI 102.6% per year
?    Great Investment Opportunity
?    Room for rent increases
?    More possible value plays
?    Excellent Professional Property Management company available
?    Great Location: Anderson, IN has a population of 56,000
?    It is the county seat of Madison County which has a population 129,000
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Switzerland-based Nestle Corporation built a $920 million plant in Anderson in 2007. 
?    Other foreign investments have come from Japan-based Greenville Technologies Inc, Italy-based Sirmax North America Inc., and Japan-based NTN Driveshaft Anderson, Inc. 
?    NTN recently announced it would joint venture with NTK Precision Axle Corp to build a more than $100 million manufacturing facility in Anderson
?    Italpollina Biostimulants recently open their $10 million production facility in Anderson
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 39.71% 
?    $25,813 actual NOI 
?    $18,622 Pro Forma NOI
?    Perfect Starter multifamily deal
?    8 minute drive to Anderson University
?    9 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson13 College & Universities within commuting distance
?    Major Employers: Greenville Technologies, Sirmax North America Inc., NTN Drive Shaft Anderson, Inc., Community Hospital Anderson, St. Vincent Health, Nestle, Carter Express, Hoosier Park, Anderson University, Walmart, Kroger/PayLess Super Markets, Ricker Oil Company, ALA Trucking, Italpollina Biostimulants, Go Electric Inc., Leclanche’ 
?    Economists estimate there are currently 800-900 jobs to be filled in Madison County
?    Indiana has the lowest unemployment rate in the region
?    Anderson unemployment rate is 3.3% and expected to drop to 3.1% over the next year. 

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

                            
Subject Property Current Rents:  $480 – $900 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $2,560
Gross Scheduled Income    $30,720
  Less Vacancy (10%)    (1,536)
  Less Expenses (45%)    (10,562)
Net Operating Income    $18,622

Property Description

Number of Units:  5

Style:  Two-story

Utilities:  Owner pays for all utilities

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  100%
                     
Building Square Footage:  3,826 sq ft

Land Acreage:  0.12 acres

Built:  1890

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    Under market rents
?    Class C property in a Class C area. 
?    13 College & Universities within commuting distance and 32 others within a 50-mile radius: Tenth Street Elementary School, Liberty Christian School, St. Ambrose School, Anderson Preparatory Academy, Holy Cross School North (Elementary, Junior High), The Excel Center, Anderson Elementary School, Anderson Special Education, Holy Cross South School (Preschool, Kindergarten, Grade One), and Compass Alternative School
?    Nearby restaurants are the following: Becky’s Happy Mule Café, The Lemon Drop, The Toast Café, 29th Street Café, Cabbage Rose Eatery, Anderson Grill, Trainstop Deli, The PitStop Bar and Restaurant, Lee’s Famous Recipe Chicken, Frazier’s Dairy Maid, Yosaku Hibachi Express, La Nueva Charreada, Burro Loco, Riviera Maya Mexican Restaurant, Art’s Varsity Pizza, Wendy’s, Caminos De Michoacan Carniceria Y Taqueria, Frisch’s Big Boy Restaurant, Steak City Fish & Chicken, and Chick-fil-A
?    Close to malls/markets namely Cross Street Market Place, Walmart Superceter, Indiana Discount Mall, Glendale Town Center, ALDI, Market Place, Kroger, Walmart Supercenter, Trojan Plaza, and Saraga International Grocery
?    4 minute drive to St. Vincent Anderson Regional Hospital and 11 minute drive to Community Hospital Anderson

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

2 Unit Duplex

1430-1432 N. Colorado Avenue
Indianapolis, Indiana 46201

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $103,000                       Cost per door:  $51,500 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 10.17%
?    Pro Forma cash on cash return 17.8%
?    5-year annual ROI 22.3% per year
?    Great Investment Opportunity
?    Excellent Professional Property Management company available
?    Indianapolis, the largest city in the state, lies at the heart of a nine-county metropolitan-area.
?    Indianapolis the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County
?    Room for rent increases
?    More possible value plays
?    13 College & Universities within commuting distance: Indiana University, Martin University, Indiana University- Purdue University Indianapolis, Indiana University School of Medicine, University of Indianapolis, Marian University Indianapolis, Christel DeHaan Fine Arts Center, IU School of Liberal Arts, and Trustees of Indiana University
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 4.32% (Due to 50% Vacancy)
?    $4,358 actual NOI 
?    $10,478 Pro Forma NOI
?    3 minute drive to Little Fowler Catholic School 
?    Perfect Starter multifamily deal
?    A major educational and cultural centre, Indianapolis is the seat of Butler University and Indiana University Indianapolis
?    Major Employers: Indiana University Indianapolis, Allison Transmission, Rolls-Royce Corp, Anthem, Cummins, Community Health Network, IU Health University Hospital, St. Vincent CTR for Healthy, St. Vincent Hospital Emergency, St. Vincent Indianapolis Hospital, IUPUI, Eli Lily & Co/International Corp, IU School of Medicine, and Roche Diagnostics Corp21 Minute drive to Kent State University (with an enrollment of 40,000 students/year)

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

                            
Subject Property Current Rents:  $600 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $1200
Gross Scheduled Income    $14,400
  Less Vacancy (10%)    (720)
  Less Expenses (45%)    (3,202)
Net Operating Income    $10,478

Property Description

Number of Units:  2
 ,
Style:  Two-story

Utilities:  Tenants pay for all utilities

Roof:  Pitched Asphalt Shingles

Construction:  Bricks

Current Occupancy:  50%
                     
Building Square Footage:  1430 – 1,168 sq ft ; 1432 – 800 sq ft

Land Acreage:  0.12

Built:  1935

Property Highlights

?    Under market rents

?    13 College & Universities within commuting distance and 32 others within a 50-mile radius: 3 minute drive to Little Fowler Catholic School, Scecina Memorial High School, Calvin N Kendal Elementary School, & Paramount School of Excellence, 4 minute drive to Susan Roll Leach School, 5 minute drive to Brookside School Middle School & James Russell Lowell 51, and 6 minute drive to The Oaks Academy- Brookside
?    Nearby restaurants are the following: Chicken Joint, Steer-In, Sharks, Ball Park Pizza & Eatery, Just Pizza, Chucks Coney Island, Jordans Fish & Chicken, Ixca Mexican Kitchen, Subway, Hardee’s, The Legend Classic Irvington Café, McDonald’s, Peppy Grill, Jockamo Upper Crust Pizza, Tlaolli, Chilangos, The Mug, Golden’s Fish & Chicken, MCL Restaurant & Bakery Arlington

?    Close to malls/markets namely Circle Centre Mall, Washington Sq Mall, Linwood Square, Castleton Square, The Fashion Mall at Keystone, Darwin’s Mega Mall LLC.com, Now Mall, East Washington Plaza, Glendale Town Center, Greenwood Park Mall, Devington Plaza, Brookville Shoppes, East 40 Plaza, and Washington Square

?    5 minute drive to Community Hospital (East, North and South), 15 minute drive to Riley Hospital for Children & Sidney & Lois Eskenazi Hospital

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

2 Unit Duplex 

218 North 11th Street,
New Castle, Indiana 47362

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    2
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    4

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $44,500                       Cost per door:  $22,250 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    New Castle is a, county seat, city in Henry County, Indiana 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 22.33%
?    Cash on cash return 45.5%
?    5-year annual ROI 81.5% per year
?    Great Investment Opportunity
?    Experienced Professional Property Management company available
?    30-minute drive to Ball State University (22,000 Students in 2018)
?    Room for rent increases
?    More possible value plays
?    30-minute drive to Ivy Tech Community College East Central     ?    100% Occupied
?    Cap Rate on Actuals: 13.75% 
?    New Castle is one of the top Real Estate markets in Indiana
?    $6,120 actual NOI
?    $9,936 pro forma NOI
?    Perfect Starter multifamily deal
?    Major Employers: New Castle Community Schools, Draper, Inc., New Castle Correctional Facility (The GEO Group). TS Tech Indiana, LLC, Crown Equipment, Corp., New Castle Stainless Plate, LLC., Foam Rubber, LLC., D.L Couch, Hy-Flex, Magna Machine & Tool Co., Inc., and American Iron Casting 

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

Subject Property Current Rents:  $400 to $450 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $1,380
Gross Scheduled Income    $15,560
  Less Vacancy (10%)    (828)
  Less Expenses (45%)    (5,796)
Net Operating Income    $9,936

Property Description

Number of Units:  2

Style:  Two-story

Utilities:  Owner pays for water and sewer while tenants pay for electric and gas.

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  100%
                     
Building Square Footage:  1,842 sqft

Land Acreage:  0.07 acres

Built:  1950

Property Highlights

?    Solid Cash-Flowing property

?    Nearby schools are the following: New Castle High School & Middle School, Wilbur Wright Elementary School, James Whitcomb Riley Elementary School, Parker Elementary School, Sunnyside Elementary School, Eastwood Elementary School, Westwood Elementary School, New Castle Special Education, Kids Corner Pre School, Agape Learning School, Firm Foundation Academy, Youth Opportunity Center- New Castle Campus, and New Castle Community School  

?    Near to restaurants Park Restaurant, China Castle, El Chile Poblano, Ming’s Garden, Temptation, Early Bird Dinner, Primo, Famous Recipe Fried Chicken, Applebee’s Grill + Bar, Sake Japanese Restaurant Hibachi & Sushi, Stacks Restaurant, Mancinnos Pizzas and Grinders, El Chile Poblano Mexican Restaurant, White Castle, Café Royal, Subway Restaurants, Snedigar’s Rib House, Top Hat Two, Arby’s and Pizza King.

?    Near to grocery shops like New Castle Plaza, Arlan Becker Shopping Center, Payne Village Shopping Center, Trojan Plaza, National Trail Antique Mall and Walmart Supercenter.

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity
    
2 Unit Duplex

110 8th Street North-West
Barberton, Ohio 44203

 
Offered by:                              

Todd Keith
(214) 395-0804
Todd@FiveStreamVentures.com 
Table of Contents

Table of Contents    1
Investment Opportunity    2
Property Description    3
Income & Expenses (Actual and Pro Forma)    3
Property Highlights    4
Property Photos    4
Confidentiality    4
Disclaimer    4
Contact Information    5

Investment Opportunity

Purchase Price:  $53,000    Cost per door: $26,500

Building Class:    C

Location Class:   C 

Investment Benefits

?    Solid Cash-Flowing Property
?    Pro forma cap rate 18.48%
?    Pro Forma cash on cash return 54.0%
?    5-year annual ROI 58.4% per year
?    Great Investment Opportunity
?    Excellent Professional Property Management company available
?    Great Location: Akron, OH is part of the larger Cleveland-Akron-Canton OH Metropolitan Area with a population of 3,500,000
?    18-minute drive to University of Akron (with an enrollment of 27,000 students/year)
?    Akron is a 3-time winner of the All-American City Award 
?    Akron is one of the fastest growing communities in the nation
?    Room for rent increases
?    More possible value plays
?    Nationally ranked hospitals, including Akron Children’s Hospital, Akron General Medical Center and Summa Health System
?    13 College & Universities within commuting distance
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 11.43% 
?    Akron is one of the top Real Estate markets in Ohio
?    $6,060 actual NOI 
?    $9,793 Pro Forma NOI
?    14 Minute drive to Akron Fulton International Airport
?    Perfect Starter multifamily deal
?    Major Employers: Goodyear Tire Co., Firestone Tire Co., Gojo Industries, University of Akron, Kent State University, Akron Health System, Summa Health System, Akron Medical Center, Akron Public Schools, Akron Children’s Hospital, AmeriChem, Atlantic Foundry Company, FirstEnergy, Time Warner Cable, First Merit Corp
?    28 Minute drive to Kent State University (with an enrollment of 40,000 students/year)

Number of Units:  2

Style:  Two-story

Current Occupancy:  100% 

Building Square Footage:  1,588 sqft

Lot Size:  5,600 sqft

Year Built:  1894

Opportunity:  Excellent opportunity for an investor to purchase this mismanaged 5-unit property. Raise rents, lower utility expense, increase NOI. 

Status:  Under contract by Todd Keith.  

This Property is offered for sale to qualified Buyers. 
Property Description
Proof of funds is required with all offers.

Unit Mix & Rents:
Type    # of Units    Rent    Market Rent
2 Bed / 1 Bath    1    $425    $583
2 Bed / 1 Bath    1    $375    $583

Number of Units: 2

Utilities:  Tenants pay all utilities. 

Roof: Pitched

Construction: Wood

Current Occupancy: 100%

Building Square Footage: 1,588

Income & Expenses (Actual and Pro Forma)

Income                                                                     Actuals          Pro Forma    
Monthly Income    $800                $1,166

Gross Scheduled Income    $9,600            $13,992 

Less Expenses    $3,540             $4,199*

Net Operating Income    $6,060             $9,793

*Pro Forma Estimate: Taxes, Insurance, Water, 
Property Management & 5% Vacancy Estimate

                              Seller Financing Not Available

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    Under market rents
?    Class C property in a Class C area. 
?    Great investment property in Akron, OH which is a part of larger Cleveland-Akron-Canton OH Metropolitan Area with a population of 3,500,000+ 
?    Akron is one of the top Real Estate markets in Ohio 
?    Two Fortune 500 companies have Head Quarters in Akron 
?    Projected Job Growth in Akron is over the next 10 years is 26.2% 
?    Stable rental neighborhood with opportunity for rent increases and further value creation 
?    18 min drive to University of Akron (with an enrollment of 27,000 students/year) 
?    28 min drive to Kent State University (with an enrollment of 40,000 students/year) 
?    14 min drive to Akron Fulton International Airport 
?    19 College & Universities within commuting distance and 32 others within a 50-mile radius
?    Rental Increase Upside
?    Close to freeway access, downtown Akron, University of Akron, and popular Highland Square

Property Photos

Photos available upon request. 

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 the express written permission of Five Stream Ventures, LLC.

Disclaimer

Five Stream Ventures, LLC has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Five Stream Ventures, LLC nor any of its 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 email address or number listed below if you are an interested party, or if you require further information.  Proof of funds required with all offers.

Todd Keith
(214) 395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

6 Unit 3 Property Package Deal

219 West 2nd Street, 
211 West 2nd Street,  
319 West 3rd Street,
 Anderson, Indiana 46016
  

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com
Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    4
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $56,000                       Cost per door:  $9,333 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 51.30%
?    Pro Forma cash on cash return 117.1%
?    5-year annual ROI 137.4% per year
?    Great Investment Opportunity
?    Room for rent increases
?    More possible value plays
?    Excellent Professional Property Management company available
?    Great Location: Anderson, IN has a population of 56,000
?    It is the county seat of Madison County which has a population 129,000
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Switzerland-based Nestle Corporation built a $920 million plant in Anderson in 2007. 
?    Other foreign investments have come from Japan-based Greenville Technologies Inc, Italy-based Sirmax North America Inc., and Japan-based NTN Driveshaft Anderson, Inc. 
?    NTN recently announced it would joint venture with NTK Precision Axle Corp to build a more than $100 million manufacturing facility in Anderson
?    Italpollina Biostimulants recently open their $10 million production facility in Anderson
    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 33.41% (Due to vacancies)
?    $18,710 actual NOI 
?    $28,726 Pro Forma NOI
?    Perfect Starter multifamily deal
?    4 minute drive to Anderson University
?    11 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson13 College & Universities within commuting distance
?    Major Employers: Greenville Technologies, Sirmax North America Inc., NTN Drive Shaft Anderson, Inc., Community Hospital Anderson, St. Vincent Health, Nestle, Carter Express, Hoosier Park, Anderson University, Walmart, Kroger/PayLess Super Markets, Ricker Oil Company, ALA Trucking, Italpollina Biostimulants, Go Electric Inc., Leclanche’ 
?    Economists estimate there are currently 800-900 jobs to be filled in Madison County
?    Indiana has the lowest unemployment rate in the region
?    Anderson unemployment rate is 3.3% and expected to drop to 3.1% over the next year. 
Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

Current Unit Mix & Income:

# of Units    Type    Market Rent
1    3 Bed / 1 Bath    $632
1    2 Bed / 1 Bath    $580
2    2 Bed / 1 Bath    $580
1    2 Bed / 1 Bath    $580
1    2 Bed / 1 Bath    $580
                            
Subject Property Current Rents:  $450 to $750 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $3,352
Gross Scheduled Income    $42,834
  Less Vacancy (10%)    (2,119)
  Less Expenses (45%)    (11,538)
Net Operating Income    $28,726

Property Description

Number of Units:  6

Style:  Two-story

Utilities:  Tenants can pay for all utilities. Owner currently pays water and gas for one unit only. Tenants pay for the rest.

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  83%
                     
Building Square Footage:  219 West 2nd Street – 1,548 sqft / 211  West 2nd Street – 732 sqft / 319 West 3rd – 2,234 sqft

Land Acreage:  219 West 2nd Street – 0.14 acres / 211  West 2nd Street – 0.14 acres / 319 West 3rd – 0.07 acres

Built:  219 West 2nd Street – 1885 / 211  West 2nd Street – 1890 / 319 West 3rd – 1891

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    Under market rents
?    Opportunity to bill back a portion of water expense to a portion of the tenants
?    Class C property in a Class C area. 
?    Stable rental neighborhood with opportunity for rent increases and further value creation 
?    4 minute drive to Anderson University
?    11 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson13 College & Universities within commuting distance
?    Nearby schools include Eastside Elementary School, Highland Jr High School and Anderson High School.
?     Nearby schools include The Excel Center – Anderson, Saint Mary School and Park Place Church of God Children's Center. 
?    The closest grocery store is Strong's Market. Nearby coffee shops include Jackrabbit Coffee and Mugs Coffee and Tea. Nearby restaurants include On Broadway, Burro Loco and Pizza King
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Rental Increase Upside

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

2 Unit Duplex

1649 Shatto Avenue, 
Akron, Ohio 44313

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    2
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $75,000                       Cost per door:  $37,500 

Building Class:    C

Location Class:   C 

Investment Benefits 

?    Solid Cash-Flowing Property
?    Pro forma cap rate 11.50%
?    Pro Forma cash on cash return 23.6%
?    5-year annual ROI 28.1% per year
?    Great Investment Opportunity
?    Excellent Professional Property Management company available
?    Great Location: Akron, OH is part of the larger Cleveland-Akron-Canton OH Metropolitan Area with a population of 3,500,000
?    14-minute drive to University of Akron (with an enrollment of 27,000 students/year)
?    Akron is a 3-time winner of the All-American City Award 
?    Akron is one of the fastest growing communities in the nation
?    Room for rent increases
?    More possible value plays
?    Nationally ranked hospitals, including Akron Children’s Hospital, Akron General Medical Center and Summa Health System
?    13 College & Universities within commuting distance    ?    Management Value Play – Mismanaged Property
?    Cap Rate on Actuals: 8.90% 
?    Akron is one of the top Real Estate markets in Ohio
?    $6,677 actual NOI 
?    $8,625 Pro Forma NOI
?    18 Minute drive to Akron Fulton International Airport
?    Perfect Starter multifamily deal
?    Major Employers: Goodyear Tire Co., Firestone Tire Co., Gojo Industries, University of Akron, Kent State University, Akron Health System, Summa Health System, Akron Medical Center, Akron Public Schools, Akron Children’s Hospital, AmeriChem, Atlantic Foundry Company, FirstEnergy, Time Warner Cable, First Merit Corp
?    26 Minute drive to Kent State University (with an enrollment of 40,000 students/year)
?    

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

Current Unit Mix & Income:

# of Units    Type    Market Rent
2    2 BDR/1 BA    $683
                            
Subject Property Current Rents:  $550 to $625 per month.   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $1,366
Gross Scheduled Income    $16,392
  Less Vacancy (10%)    (820)
  Less Expenses (45%)    (6,947)
Net Operating Income    $8,625

Property Description

Number of Units:  2

Style:  Two-story

Utilities:  Owner pays for water and sewer while tenants pay for electricity and gas.

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  100%
                     
Building Square Footage:  1,500 sqft

Land Acreage:  0.13 acres

Built:  1959

Property Highlights

?    Class B property in a Class B area. 
?    14 min drive to University of Akron (with an enrollment of 27,000 students/year) 
?    26 min drive to Kent State University (with an enrollment of 40,000 students/year) 
?    18 min drive to Akron Fulton International Airport 
?    13 College & Universities within commuting distance and 32 others within a 50-mile radius. These are the following: Firestone Community Learning Center, The Lippman School, King Community Learning Center, Portage Path CLC Elementary School, Herberich Primary School, St. Hilary School, Discovery Montessori School, Summit Christian School, Old Trail School, Julie Billiart School, and Our Lady of the Elms School    
?    Restaurants and cafés nearby are the following: Valley Café Restaurant, D’Agnese’s Trattoria and Café, Poke Fresh, Park West Café, Aladdin’s Eatery West Market, Pavonna’s Pizza Joint, Eye Opener, Rockne’s Pub Akron, Café Bricco, Kiflis Bakery & Café, Molly Browns Café LLC, Niko’s Sandwich Board, Einstein Bros. Bagels, First Watch- Fairlawn, Big Eye Japanese Cuisine & Sushi Bar, Fire Leaf | Ramen & Wok, Swensons (West Akron) Drive-in Restaurant, City Barbeque and Catering, First Watch- Portage Crossing, and Wally Waffle
?    Close to supermarkets or malls like West Market Place Shopping Center, Giant Eagle Supermarket, Fairlawn Plaza Shopping Center, Westgate Plaza, Solon Mall Shopping Center, Arlington Ridge Marketplace, Portage Crossing Shopping Center, Summit Mall, Walmart, Walmart Supercenter, Chapel Hill Mall, and Malley's Chocolate
?    Near to medical centers namely Akron General Medical Centers, Summa Health System, and Western Reserve Hospital
 

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Todd Keith

Five Stream Ventures LLC
972-836-7705

Discounted Investment Opportunity

7 Unit 2 Property Package Deal 

1606 S D St. & 1602 12 S J Street
 Elwood, Indiana 46036

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com

Table of Contents

    
Contents
Table of Contents    1
Investment Opportunity    2
Income and Expenses    3
Property Description    3
Property Highlights    3
Confidentiality    4
Disclaimer    4
Contact Information    5

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.
Additional photos available upon request.

Investment Opportunity

Purchase Price:  $23,500                       Cost per door:  $3,357 

Building Class:    C

Location Class:   C 

Investment Benefits 
?    Solid Cash-Flowing Property
?    Pro forma cap rate 162.47%
?    Cash on cash return 180.1%
?    5-year annual ROI 181.1% per year
?    Great Investment Opportunity
?    Room for rent increases
?    More possible value plays
?    Excellent Professional Property Management company available
?    Great Location: Anderson, IN has a population of 56,000
?    It is a city in Madison and Tipton counties in the U.S. state of Indiana. The Madison County portion, which includes most of the city, is part of the Anderson, Indiana Metropolitan Statistical Area, while the small portion in Tipton County is part of the Kokomo, Indiana Metropolitan Statistical Area.
?    With a total population of 8,428 (2017)
?    Ranked 69th in the Forbes List for 100 Best Places for Businesses among smaller US Metros in 2007. 
?    In the last 10 years, 15 foreign company have built facilities in Madison County creating 2,200 jobs and stabilizing the economy
?    Switzerland-based Nestle Corporation built a $920 million plant in Anderson in 2007. 
?    Other foreign investments have come from Japan-based Greenville Technologies Inc, Italy-based Sirmax North America Inc., and Japan-based NTN Driveshaft Anderson, Inc. 
    ?    100% Vacant
?    All repainted on interior
?    All have remodeled kitchens
?    Hardwood floors
?    New furnaces
?    Cap Rate on Actuals: 0% 
?    $0 actual NOI (Due to 100% Vacancy)
?    $38,181 pro forma NOI
?    32 minute drive to Anderson University
?    37 minute drive to Ivy Tech Community College
?    29 colleges within 50 miles of Anderson 13 College & Universities within commuting distance
?    Major Employers: Greenville Technologies, Sirmax North America Inc., NTN Drive Shaft Anderson, Inc., Community Hospital Anderson, St. Vincent Health, Nestle, Carter Express, Hoosier Park, Anderson University, Walmart, Kroger/PayLess Super Markets, Ricker Oil Company, ALA Trucking, Italpollina Biostimulants, Go Electric Inc., Leclanche’ 
?    Economists estimate there are currently 800-900 jobs to be filled in Madison County
?    Indiana has the lowest unemployment rate in the region
?    Anderson unemployment rate is 3.3% and expected to drop to 3.1% over the next year.

Opportunity:  Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases.

Status:  Under contract by Todd Keith.  New Buyer will be assigned contract at close.  

Income and Expenses

                            
Subject Property Current Rents:  $0 per month (Due to 100% Vacancy).   Actual rents are provided in the Rent Roll.

Income    Pro-Forma
Monthly Potential Income    $3,856
Gross Scheduled Income    $46,272
  Less Vacancy (10%)    (2,314)
  Less Expenses (45%)    (5,777)
Net Operating Income    $38,181

Property Description

Number of Units:  7

Style:  Two-story

Utilities:  Owner pay for all utilities

Roof:  Pitched Asphalt Shingles

Construction:  Wood Frame

Current Occupancy:  0% or 100% Vacant 
                     
Building Square Footage:  1606 – 2,944 sq ft; 1602 – 2,896 sq ft

Land Acreage:  1606 – 0.16; 1602 – 0.17

Built:  1606 – 1898; 1602 – 1896

Property Highlights

?    Mis-managed property could be a cash-flowing cow with proper management. 
?    32 min drive to Anderson University 
?    10 min drive to Akron Fulton International Airport 
?    13 College & Universities within commuting distance and 32 others within a 50-mile radius: The Little Lamb Christian School, Compass Alternative School, Anderson Elementary School, Anderson High School, Edgewood Elementary School, Erskine Elementary School, Eastside Elementary School, Tenth Street Elementary School, Valley Grove Elementary School, Anderson Preparatory Academy, Anderson Christian School, Liberty Christian School, St. Ambrose School, Sheridan Community Schools, Tipton Community School Corporation, Highland Middle School, Pendleton Heights High School, Westfield Washington School, Tipton High school and Middle School
?    Nearby restaurants are the following: Bob’s Restaurant, Cooper’s Hawk Winery & Restaurant, Rail, Thai Select Restaurant, Yats, Mi Hacienda Mexican Restaurant, Mimi Blue Meatballs, Burritos & Beer Restaurant, LLC., Chick-fil-A, I Love Salad, Thai Papaya Restaurant, Pad Thai Restaurant, Chuy’s Jamaican Reggae Grill, Peking Garden Restaurant, Jasmin Thain Restaurant, First Watch- Village Park, and Taxman Fortville
?    Close to malls/markets namely Castleton Square, Clay Terrace, Willow Lake West, Cross Street Market Place, Boone Village Shopping Center, Nora Plaza Shopping Center, Town and Country Plaza Shopping Center, Walmart Neighborhood Market, Spring Mill Commons of Westfield, Krogers, Trader Joe’s, Market District Supermarket
?    11 min drive to Community Hospital Anderson, St. Vincent Anderson Regional Hospital, Riverview Health  

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 the express written permission of Todd Keith.

Disclaimer

Todd Keith has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property.  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.  Todd Keith nor any of its 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.

Offered by:                              
Todd Keith
214-395-0804
Todd@FiveStreamVentures.com