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$ 1,250,000
Est. payment | /mo
30,381 SqFt
$ 1,250,000
Est. payment | /mo
30,381 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 30,381 sqft
Price per Sqft $41
MLS Listing ID 1891956
Year Built 1908
Lot Size 0.647 Acres
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.
Location
State OH
County Butler
Area Butler-W15
Rooms
Basement Full
Interior
Heating Baseboard, Forced Air
Cooling Window Unit
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
Garage Spaces 16.0
Garage Description 16.0
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Hamilton City Sd
Listed by Outside The Box Real Estate
NEARBY SCHOOLS & PROPERTIES
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