ZACHARY HERBST
FOURTH YEAR ARCHITECTURE MULTI-USE PROPERTY WILLIAM WILLIAMS
EXISTING BUILDING
THE COLLECTIVE AT GLENDORA
2619 GLENDORA AVE. CINCINNATI, OH 45219 PRICE: $300,000 ESTIMATED RENOVATION: $300,000 TOTAL INVESTMENT:
$600,000
12,000 SF 3 STORY .10 ACRES, 50’X80’ 50’ OF STOREFRONT BUILT IN 1930 RENOVATED IN 2003 CENTRAL AIR CONDITIONING GAS HEATING KEY FEATURE: DRIVE-IN DOORS
PROJECT BRIEF: 2619 GLENDORA WAS BUILT IN 1930 AS A DRIVE IN APARTMENT BUILDING. THE BUILDING HAD A RAMP FOR VEHICLES THAT ACCESSED ALL THREE LEVELS. OVER THE PAST NINETY YEARS, THE BUILDING HAS BEEN USED FOR NUMEROUS DIFFERENT TYPES OF OCCUPANCY. THE LOCATION OF THE BUILDING WOULD BE A PRIME SPOT FOR STUDENT APARTMENTS AND ALSO ANY RETAIL OR RESTAURANT. THE IDEA FOR THE
PARAMETERS INTEREST RATE: 5.25% AMORTIZATION PERIOD (YEARS): 20 PERCENTAGE DOWN: 25% CLOSING COSTS: 3% RENTAL INCREASE PROJECTIONS: 2% OPERATING EXPENSE PROJECTIONS: 2% HOUSE PRICE APPRECIATION: 5% VACANCY RATE: 5% INCOME TAXES: 33% INITIAL NUMBERS BUILDING AND RENOVATIONS: $600,000 NUMBER OF UNITS: 2 AVERAGE MONTHLY RENT PER UNIT: $3,250 OTHER MONTHLY INCOME: $560
NEW DESIGN IS TO USE THE TOP FLOOR FOR STUDENT APARTMENTS, THE MIDDLE FLOOR FOR A CAFE, AND THE BASEMENT AS A STORAGE AND PARKING AREA. THE RAMP IS STILL ACCESSIBLE TO THE BASEMENT BY VEHICLES BUT IS ALSO USED AS A GRAND ENTRY FOR THE CAFE. THE STUDENT APARTMENTS HAS FIVE BEDROOMS AND THREE BATHS WITH A LARGE LIVING/DINING/KITCHEN AREA. OVERALL, THE COLLECTIVE AT GLENDORAWOULD WOULD BE A GREAT SPOT FOR ANY UNIVERSITY OF CINCINNATI STUDENT TO LIVE AND A GREAT SPOT FOR A NEIGHBORHOOD COFFEE SHOP.
YEAR 1 PROJECTIONS GROSS MONTHLY INCOME: $6,735 GROSS INCOME: $80,820 NET INCOME AFTER OP. EXPENSES: $63,420 TOTAL RETURN: $40,107 TOTAL RETURN ON INVESTMENT: 26.74%
W CORRY ST
VINE ST
GLENDORA AVE
JEFFERSON AVE
W CHARLTON
SITE PLAN
FRONT VIEW
1 3
STORAGE 157 SF
STAIWELL 139 SF
STOR./UTILIES 157 SF
PARKING 1745 SF
UP
1 2 UP
STOR. 34 SF
STOR. 34 SF
STOR 34 SF
STORAGE 166 SF
STAIRWELL 304 SF RAMP 569 SF 1 1
1
Base Level 1/8" = 1'-0"
BASEMENT FLOOR PLAN
1 3
DN
STREET
UP
1 2
RAMP UP
RAMP DOWN 1 1
1
Ground Level 1/8" = 1'-0"
STREET LEVEL FLOOR PLAN
1 3
BATHROOM 55 SF
STORAGE 112 SF
KICTEN 209 SF
STAIRWELL 138 SF
CAFE 1255 SF
DN UP
DN
UP
STARIWELL 162 SF
2
BATHROOM 67 SF UTILITIES 69 SF
RAMP 822 SF
STREET
RAMP/LOUNGE 579 SF
1
1 1
1
Level 1 1/8" = 1'-0"
LEVEL 1 - CAFE FLOOR PLAN
1 3
BATHROOM 162 SF
CLOSET 14 SF
BATHROOM 61 SF
BEDROOM 210 SF
STAIRWELL 80 SF BEDROOM 203 SF
DINING 519 SF
CLOSET 15 SF
KITCHEN 270 SF
BEDROOM 189 SF
DN
CLOSET 11 SF LIVING 570 SF
CLOSET 18 SF
1 2
STAIRWELL 61 SF DN
BEDROOM 158 SF
BEDROOM 130 SF
RAMP
BALCONY 87 SF
1 1
LAUNDRY/UTILITIES 165 SF
1
Level 2 1/8" = 1'-0"
CLOSET 10 SF
BATHROOM 67 SF
CLOSET 14 SF
LEVEL 2 - APARTMENT FLOOR PLAN
1
East Elevation 1/8" = 1'-0"
1
1
1
2
EAST ELEVATION
1 3
1
South Elevation 1/8" = 1'-0"
SOUTH ELEVATION
1
1
1
2
1
West Elevation 1/8" = 1'-0"
WEST ELEVATION
1 3
1
North Elevation 1/8" = 1'-0"
NORTH ELEVATION
1 3
BATHROOM
LAUNDRY/UTILITIES
CLOSET
BEDROOM
BALCONY
BEDROOM CLOSET
UTILITIES
RAMP
STAIRWELL PARKING
1
RAMP
Section 1 1/8" = 1'-0"
SECTION 1 - THROUGH SOUTH RAMP
1 3
LIVING
KITCHEN
DINING
CAFE
LAUNDRY/UTILITIES
STARIWELL
RAMP/LOUNGE
STORAGE
1
PARKING
Section 2 1/8" = 1'-0"
SECTION 2 - THROUGH NORTH RAMP
1
1
1
2
RAMP
BATHROOM
LIVING/KITCHEN DINING
RAMP/LOUNGE
BATHROOM
CAFE
RAMP STORAGE
1
PARKING
STOR./UTILIES
Section 3 1/8" = 1'-0"
SECTION 3 - CROSS SECTION
APARTMENT ENTRANCE
CAFE ENTRANCE
CAFE
CAFE
CAFE
APARTMENT BALCONY
APARTMENT LIVING
APARTMENT LIVING
APARTMENT KITCHEN
ZACHARY HERBST herbstzb@gmail.com issuu.com/herbstzb