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877 Ludlow 5 Unit Apartment Building $1,320,401 CAD ($264,080 CAD/Unit) 7.40% Cap Rate Cincinnati, OH 45220
INVESTMENT HIGHLIGHTS
- Tenant Paid Utilities!
- Adjacent to Cincinnati State!
- A Class Location!
- Six Private Garage Spaces!
- Walkable to Shops, Restaurants, & Entertainment!
- Value Add Opportunity!
EXECUTIVE SUMMARY
5-Unit Investment Property 100% Occupied! Strong cash flow, current rent roll $6,825 a month. This well maintained five unit property is located in the heart of Gaslight Clifton. offers investors immediate cash flow and significant upside potential. Plans already approved for a sixth efficiency unit with only $15K in build out cost. Tenant paid utilities including water, which minimize owner expenses. Six private garage spaces, plus direct access to major bus line. High demand rental market near campus. Adjacent to Cincinnati State College. Low turnover with stable, long term tenants. Walkable to shops, restaurants, and entertainment! Finished Sq.Ft.7,260
PROPERTY FACTS
| Price | $1,320,401 CAD | Building Class | C |
| Price Per Unit | $264,080 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 5,752 SF |
| Cap Rate | 7.40% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-1.2 | ||
| Price | $1,320,401 CAD |
| Price Per Unit | $264,080 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,752 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2023 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | RM-1.2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 215-0069-0072 | Improvements Assessment | $153,745 CAD |
| Land Assessment | $41,997 CAD | Total Assessment | $195,742 CAD |
PROPERTY TAXES
Parcel Number
215-0069-0072
Land Assessment
$41,997 CAD
Improvements Assessment
$153,745 CAD
Total Assessment
$195,742 CAD
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877 Ludlow
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