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Roselawn Summit Apartments 1636 Summit Rd 15 Unit Apartment Building $899,900 ($59,993/Unit) 10.27% Cap Rate Cincinnati, OH 45237
INVESTMENT HIGHLIGHTS
- Complete Renovation (2021)
- Updated Electrical
- Updated Plumbing
EXECUTIVE SUMMARY
15 -one bedroom units for sale in Roselawn. The entire building has been renovated down to the studs in 2021 including a complete redesign of the units. Updated electrical, windows, kitchens, bathrooms, plumbing has been updated throughout the whole building down to the street, new hot water heaters, new PTAC units, updated appliances, and LVP flooring throughout. Financial documents available. Call anytime to schedule a tour.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $899,900 | Apartment Style | Low-Rise |
| Price Per Unit | $59,993 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 10.27% | Building Size | 11,397 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | Multi-family - Apartments | ||
| Price | $899,900 |
| Price Per Unit | $59,993 |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,397 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | Multi-family - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $850.00 | 850 |
1 1
PROPERTY TAXES
| Parcel Number | 117-0014-0214 | Improvements Assessment | $221,662 |
| Land Assessment | $32,725 | Total Assessment | $254,387 |
PROPERTY TAXES
Parcel Number
117-0014-0214
Land Assessment
$32,725
Improvements Assessment
$221,662
Total Assessment
$254,387
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Roselawn Summit Apartments | 1636 Summit Rd
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