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3157 Queen City Ave. 3157 Queen City Ave 4 Unit Apartment Building $279,500 ($69,875/Unit) 9.07% Cap Rate Cincinnati, OH 45238
INVESTMENT HIGHLIGHTS
- Very Nice location on Corner Location
- Apartments in Good Condition
- On the Bus line.
- Garages and Off Street Parking
- Laundry in Basement
- Pitched Shingle Roof
EXECUTIVE SUMMARY
4 - 1 Bedroom Apartments.
Very Nice Location on Corner Lot.
Garages and Off Street Parking.
Located in Residential Area
On the Bus Line.
Apartments in Nice Condition.
Owner Paid Heat. Tenant pays Electric.
Very Nice Location on Corner Lot.
Garages and Off Street Parking.
Located in Residential Area
On the Bus Line.
Apartments in Nice Condition.
Owner Paid Heat. Tenant pays Electric.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $279,500 | Building Class | C |
| Price Per Unit | $69,875 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,980 SF |
| Cap Rate | 9.07% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Price | $279,500 |
| Price Per Unit | $69,875 |
| Sale Type | Investment |
| Cap Rate | 9.07% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,980 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $750.00 | - |
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PROPERTY TAXES
| Parcel Number | 208-0060-0266 | Total Assessment | $51,041 |
| Land Assessment | $10,780 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $40,261 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
208-0060-0266
Land Assessment
$10,780
Improvements Assessment
$40,261
Total Assessment
$51,041
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3157 Queen City Ave. | 3157 Queen City Ave
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