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3426 Monroe St 3 Unit Apartment Building $177,723 CAD ($59,241 CAD/Unit) 15.69% Cap Rate Bellaire, OH 43906
Investment Highlights
- Solid returns
Executive Summary
TRIPLEX INVESTMENT OPPURTUNITY Don't miss this exceptional opportunity to own a triplex offering strong income potential and long-term value. This multifamily property features three separate units, each with its own entrance, providing privacy and convenience for tenants. High rental demand area, high rental comps with the potential for increased rents. Two units rented one ready to rent. Solid building, may need minor cosmetic upgrades. Low-maintenance investment! Tenants pay all utilities. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the others, this triplex delivers flexibility and solid returns.
Property Facts
| Price | $177,723 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $59,241 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,136 SF |
| Cap Rate | 15.69% | Average Occupancy | 75% |
| Gross Rent Multiplier | 6.3 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Multi Family - Nice consistent neighborhood. Parcel is zoned multi-family. It is a fee-simple property. | ||
| Price | $177,723 CAD |
| Price Per Unit | $59,241 CAD |
| Sale Type | Investment |
| Cap Rate | 15.69% |
| Gross Rent Multiplier | 6.3 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Lot Size | 0.10 AC |
| Building Size | 2,136 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | Multi Family - Nice consistent neighborhood. Parcel is zoned multi-family. It is a fee-simple property. |
Amenities
Unit Amenities
- Heating
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 29-02531-000 | Improvements Assessment | $7,470 CAD |
| Land Assessment | $1,530 CAD | Total Assessment | $9,000 CAD |
Property Taxes
Parcel Number
29-02531-000
Land Assessment
$1,530 CAD
Improvements Assessment
$7,470 CAD
Total Assessment
$9,000 CAD
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3426 Monroe St
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