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Karen Apartments 226 E Clifton Ave 3 Unit Apartment Building $530,000 ($176,667/Unit) 8.49% Cap Rate Cincinnati, OH 45202
EXECUTIVE SUMMARY
Great opportunity in this low maintenance, low expense, updated 3 family close to restaurants, highways, hospitals and universities. Great owner occupant possibility. Step into this 2550 sq ft 3-1bdrm, 1 bath building that offers original historic features with modern amenities. Fully renovated in 2014 with all new electric, plumbing, windows, roof and HVAC, each of the 3 unit3 has direct entry from the street and each unit is multi level, separating the bedrooms from the living area. All units have heat pump and AC (no gas for cheaper utilities) Shared coin operated laundry in the basement, owner only pays water and small house electric meter. Set a tour today and don't miss this. Rents are estimated, currently vacant so new owner can put all new tenants in their own lease.
PROPERTY FACTS
| Price | $530,000 | Building Class | F |
| Price Per Unit | $176,667 | Lot Size | 0.02 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 8.49% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2014 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-0.7 | ||
| Price | $530,000 |
| Price Per Unit | $176,667 |
| Sale Type | Investment |
| Cap Rate | 8.49% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | F |
| Lot Size | 0.02 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2014 |
| Opportunity Zone |
Yes |
| Zoning | RM-0.7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,500 | 640 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 094-0007-0286 | Improvements Assessment | $51,541 |
| Land Assessment | $5,901 | Total Assessment | $57,442 |
PROPERTY TAXES
Parcel Number
094-0007-0286
Land Assessment
$5,901
Improvements Assessment
$51,541
Total Assessment
$57,442
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Karen Apartments | 226 E Clifton Ave
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