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Karen Apartments 226 E Clifton Ave 3 Unit Apartment Building $739,456 CAD ($246,485 CAD/Unit) 8.49% Cap Rate Cincinnati, OH 45202
EXECUTIVE SUMMARY
Great opportunity in this low maintenance, low expense, updated 3 family close to restaurants, highways, hospitals and universities. Great owner occupant possibility. Step into this 2550 sq ft 3-1bdrm, 1 bath building that offers original historic features with modern amenities. Fully renovated in 2014 with all new electric, plumbing, windows, roof and HVAC, each of the 3 unit3 has direct entry from the street and each unit is multi level, separating the bedrooms from the living area. All units have heat pump and AC (no gas for cheaper utilities) Shared coin operated laundry in the basement, owner only pays water and small house electric meter. Set a tour today and don't miss this. Rents are estimated, currently vacant so new owner can put all new tenants in their own lease.
PROPERTY FACTS
| Price | $739,456 CAD | Building Class | F |
| Price Per Unit | $246,485 CAD | Lot Size | 0.02 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 8.49% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2014 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-0.7 | ||
| Price | $739,456 CAD |
| Price Per Unit | $246,485 CAD |
| Sale Type | Investment |
| Cap Rate | 8.49% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | F |
| Lot Size | 0.02 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2014 |
| Opportunity Zone |
Yes |
| Zoning | RM-0.7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,093 CAD | 640 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 094-0007-0286 | Improvements Assessment | $72,351 CAD |
| Land Assessment | $8,284 CAD | Total Assessment | $80,635 CAD |
PROPERTY TAXES
Parcel Number
094-0007-0286
Land Assessment
$8,284 CAD
Improvements Assessment
$72,351 CAD
Total Assessment
$80,635 CAD
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Karen Apartments | 226 E Clifton Ave
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