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500 W Wyoming Ave - 500 W Wyoming Ave 2 Unit Apartment Building Offered at $275,714 CAD at a 13.12% Cap Rate Lockland, OH 45215



Executive Summary
13% net ROI and Cash flow statement available upon request. This duplex offers approximately 2,496 square feet and features two spacious units with separate utilities. Unit #1 is a 3-bedroom, 2-bath unit currently leased for $1,400 per month, while Unit #2 is a 3-bedroom, 1-bath unit generating $1,283 per month. Major capital improvements include a roof approximately 4 years old and water heaters that are less than 2 years old; Furnaces are also less than 12 months old. The property also offers four off-street parking spaces located at the rear, providing added convenience for tenants. An excellent opportunity for investors seeking a strong income-producing property. Cash or Hard Money preferred. As-Is sale, with inspections allowed. Showing times are limited - See broker notes.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$44,407
|
$17.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,407
|
$17.79
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,220
|
$3.29
|
| Net Operating Income |
$36,186
|
$14.50
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $44,407 |
| Annual Per SF | $17.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $44,407 |
| Annual Per SF | $17.79 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,220 |
| Annual Per SF | $3.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $36,186 |
| Annual Per SF | $14.50 |
Property Facts
| Price | $275,714 CAD | Property Type | Multifamily |
| Price Per Unit | $137,857 CAD | Building Size | 2,496 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 13.12% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1880/2022 |
| Price | $275,714 CAD |
| Price Per Unit | $137,857 CAD |
| Sale Type | Investment |
| Cap Rate | 13.12% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,496 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1880/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,931 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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500 W Wyoming Ave - 500 W Wyoming Ave
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