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Evergreen Studios 2975 Wilbraham Rd 32 Unit Apartment Building $2,287,626 CAD ($71,488 CAD/Unit) 7.33% Cap Rate Middletown, OH 45042
INVESTMENT HIGHLIGHTS
- Under Professional Management
- Quarterly Property Inspections
EXECUTIVE SUMMARY
Evergreen Studios features 32 meticulously maintained units, providing residents with a peaceful and comfortable living environment. The property’s strong cash flow potential is supported by low common area expenses, as tenants are individually responsible for their own heat and hot water. For investors seeking a high-quality, low-maintenance asset, Evergreen Studios presents a compelling opportunity in Middletown.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,287,626 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $71,488 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.73 AC |
| Cap Rate | 7.33% | Building Size | 11,233 SF |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,287,626 CAD |
| Price Per Unit | $71,488 CAD |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 11,233 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | $849.19 CAD | 270 |
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PROPERTY TAXES
| Parcel Number | Q6511-064-000-001 | Improvements Assessment | $349,951 CAD (2025) |
| Land Assessment | $62,113 CAD (2025) | Total Assessment | $412,064 CAD (2025) |
PROPERTY TAXES
Parcel Number
Q6511-064-000-001
Land Assessment
$62,113 CAD (2025)
Improvements Assessment
$349,951 CAD (2025)
Total Assessment
$412,064 CAD (2025)
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Evergreen Studios | 2975 Wilbraham Rd
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