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Belmont Apartments 5928 Belmont Ave 32 Unit Apartment Building $4,389,910 CAD ($137,185 CAD/Unit) 8.44% Cap Rate Cincinnati, OH 45224
Investment Highlights
- Family owned and operated for 23 years
- Well maintained, secure 4 unit brick buildings, low vacancy
- Beautiful, vibrant neighborhood and park-like setting
Executive Summary
We are pleased to announce the listing of the beautiful, well maintained 32 unit multi-family apartment complex in the vibrant College Hill area that has been under our family's care for the last 23 years. With an historically high occupancy rate and gorgeous location surrounded by lovely homes and mansions, this will make a fantastic asset for any buyer. We are also pleased to offer a 2.5% commission to either buyer's agent or agent who brings a successful buyer to closing. This property is For Sale By Owner. We are looking to "retire" after 26 years in the industry. Call or text Lisa at 513-541-8687 or email Lisa@apartmenthome.info and i will send you our Profit and Loss/T12 or set up a showing of common areas or any vacants. In order to make an offer, a tour of the property must be set up first. Thank you!
Property Facts
| Price | $4,389,910 CAD | Apartment Style | Garden |
| Price Per Unit | $137,185 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.12 AC |
| Cap Rate | 8.44% | Building Size | 18,222 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 7.44 | No. Stories | 2 |
| No. Units | 32 | Year Built | 1952 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-4, Cincinnati | ||
| Price | $4,389,910 CAD |
| Price Per Unit | $137,185 CAD |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 7.44 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.12 AC |
| Building Size | 18,222 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1952 |
| Opportunity Zone |
Yes |
| Zoning | R-4, Cincinnati |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,345 CAD | 600 |
| 3+1 | 8 | $2,124 CAD | 1,050 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 229-0003-0009 | Improvements Assessment | $503,825 CAD |
| Land Assessment | $98,510 CAD | Total Assessment | $602,335 CAD |
Property Taxes
Parcel Number
229-0003-0009
Land Assessment
$98,510 CAD
Improvements Assessment
$503,825 CAD
Total Assessment
$602,335 CAD
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Presented by
Everingham Properties
Belmont Apartments | 5928 Belmont Ave
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