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Serenity at High Points 5474-5484 Bahama Ter 66 Unit Apartment Building $5,963,799 CAD ($90,361 CAD/Unit) 8.29% Cap Rate Cincinnati, OH 45223



Investment Highlights
- Value add
- High cap rate
- Affordable housing, workforce housing
Executive Summary
Serenity at High Point is a 66-unit multifamily investment property in Cincinnati, Ohio, offered For Sale by Owner at $4,300,000. This well-positioned workforce housing community offers the potential to generate approximately $712,000 in annual gross revenue, providing an attractive opportunity for investors seeking a sizable, income-producing multifamily asset at an affordable basis. The property consists of six buildings on approximately 3.04 acres and features 66 one-bedroom apartments, with 60 units renovated in 2022–2023. Located in Cincinnati's Mt. Airy neighborhood with convenient access to major highways, Downtown Cincinnati, employment centers, healthcare, shopping and public transportation, the property serves the strong demand for affordable market-rate workforce housing. Additional upside exists through continued rent growth and potential ancillary income from parking and storage. For Sale by Owner. No seller financing available. Qualified and serious buyers are encouraged to contact the owner's assistant for additional information, financials, rent roll and property details.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $5,963,799 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $90,361 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 3.04 AC |
| Cap Rate | 8.29% | Building Size | 57,196 SF |
| No. Units | 66 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | RM-2.0 | ||
| Price | $5,963,799 CAD |
| Price Per Unit | $90,361 CAD |
| Sale Type | Investment |
| Cap Rate | 8.29% |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.04 AC |
| Building Size | 57,196 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2023 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | RM-2.0 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 66 | - | 600 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $587,187 CAD (2025) | |
| Land Assessment | $123,348 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $463,839 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$123,348 CAD (2025)
Improvements Assessment
$463,839 CAD (2025)
Total Assessment
$587,187 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Videos
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A-Strategy - Serenity at High Points
Serenity at High Points | 5474-5484 Bahama Ter
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