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4125 Chambers St 2 Unit Apartment Building $177,662 CAD ($88,831 CAD/Unit) 3.70% Cap Rate Cincinnati, OH 45223
Investment Highlights
- Duplex - ARV of $300,000+
- Desirable location in Northside
- Value add opportunity
- Part of a portfolio of 4 buildings / 9 units, can be sold separately or together
Executive Summary
Excellent opportunity to acquire a duplex in the heart of Northside's urban revitalization. The property consists of two 1 bedroom, 1 bath units. Owner pays for heat and water, tenants pay electric. Both units are occupied by long term tenants. Rents are $725 & $675. Annual gross income is $16,800. The property is perfectly positioned for renovation with an ARV of $300,000+/-.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$21,985
|
$14.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,985
|
$14.31
|
| Taxes |
$5,427
|
$3.53
|
| Operating Expenses |
$9,988
|
$6.50
|
| Total Expenses |
$15,415
|
$10.04
|
| Net Operating Income |
$6,570
|
$4.28
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $21,985 |
| Annual Per SF | $14.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $21,985 |
| Annual Per SF | $14.31 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,427 |
| Annual Per SF | $3.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,988 |
| Annual Per SF | $6.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,415 |
| Annual Per SF | $10.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $6,570 |
| Annual Per SF | $4.28 |
Property Facts
| Price | $177,662 CAD | Building Class | C |
| Price Per Unit | $88,831 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,536 SF |
| Cap Rate | 3.70% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | SF2 - Zoning district is intended for moderate-density single-family residential use. | ||
| Price | $177,662 CAD |
| Price Per Unit | $88,831 CAD |
| Sale Type | Investment |
| Cap Rate | 3.70% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1880 |
| Opportunity Zone |
Yes |
| Zoning | SF2 - Zoning district is intended for moderate-density single-family residential use. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $957.38 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 221-0019-0065 | Total Assessment | $68,596 CAD (2025) |
| Land Assessment | $28,319 CAD (2025) | Annual Taxes | $5,427 CAD ($3.53 CAD/SF) |
| Improvements Assessment | $40,277 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
221-0019-0065
Land Assessment
$28,319 CAD (2025)
Improvements Assessment
$40,277 CAD (2025)
Total Assessment
$68,596 CAD (2025)
Annual Taxes
$5,427 CAD ($3.53 CAD/SF)
Tax Year
2024
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4125 Chambers St
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