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7119 Eastlawn Dr 4 Unit Apartment Building Offered at $496,712 CAD at a 7.27% Cap Rate Cincinnati, OH 45237
Investment Highlights
- Four Units Total - 1 BD | 1 BA
- New Commercial-Grade EPDM Roof, Updated PVC Plumbing, a Newer Front Deck, and Updated Appliances in All Units
- On-Site Coin Laundry and 4 Car Garage
- Asking Price - $359,000
- Cap Rate - 7.27%
Executive Summary
3CRE is excited to present a premier multifamily investment opportunity at 7119 Eastlawn Drive, Cincinnati, OH. Built in 1946, this well-maintained 2,536 SF brick fourplex sits on a 9,060 SF lot and comprises four 1-bedroom, 1-bathroom units. The property features key capital improvements, including a commercial-grade EPDM roof, updated PVC plumbing, a newer front deck, and updated appliances in all units. With two renovated apartments, active rental income, and one vacant unit ready for market-rate leasing or owner occupancy, this asset offers immediate cash flow alongside significant upside through below-market rent adjustments. On-site coin laundry and a 4-car garage provide valuable tenant amenities and secondary revenue streams.
Strategically located in Roselawn, the property offers quick access to I-75, I-71, public transit, and local retail and dining centers. This prime position ensures sustained tenant demand and strong long-term performance, making it an ideal acquisition for both portfolio investors and owner-occupants seeking value-add potential.
Strategically located in Roselawn, the property offers quick access to I-75, I-71, public transit, and local retail and dining centers. This prime position ensures sustained tenant demand and strong long-term performance, making it an ideal acquisition for both portfolio investors and owner-occupants seeking value-add potential.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 634 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 117-0012-0134 | Improvements Assessment | $69,284 CAD |
| Land Assessment | $13,172 CAD | Total Assessment | $82,456 CAD |
Property Taxes
Parcel Number
117-0012-0134
Land Assessment
$13,172 CAD
Improvements Assessment
$69,284 CAD
Total Assessment
$82,456 CAD
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7119 Eastlawn Dr
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