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3627 Hillside Ave 3 Unit Apartment Building Offered at $229,900 at a 8.14% Cap Rate Cincinnati, OH 45204
EXECUTIVE SUMMARY
Investors!! Large 2 family home (with easy finishes to complete for a third unit) with views of the river!! 1-one bedroom unit and 1-two bedroom unit, with a potential 3rd lower level unit with a newly renovated bathroom, waiting for the new buyers finishing touches. Hardwood flooring, views of the river, HUGE yard, off street parking, private courtyard and more! Perfect home to add to a portfolio OR live in one unit and let the tenants pay your mortgage!! Seconds to downtown Cincinnati, Anderson Ferry, and all the relaxing hang outs on the river! Don't miss the chance to pick up this unique riverside multifamily!!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$33,600
|
$12.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,680
|
$0.61
|
| Effective Gross Income |
$31,920
|
$11.57
|
| Taxes |
$2,343
|
$0.85
|
| Operating Expenses |
$10,860
|
$3.94
|
| Total Expenses |
$13,203
|
$4.79
|
| Net Operating Income |
$18,717
|
$6.79
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $33,600 |
| Annual Per SF | $12.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,680 |
| Annual Per SF | $0.61 |
| Effective Gross Income | |
|---|---|
| Annual | $31,920 |
| Annual Per SF | $11.57 |
| Taxes | |
|---|---|
| Annual | $2,343 |
| Annual Per SF | $0.85 |
| Operating Expenses | |
|---|---|
| Annual | $10,860 |
| Annual Per SF | $3.94 |
| Total Expenses | |
|---|---|
| Annual | $13,203 |
| Annual Per SF | $4.79 |
| Net Operating Income | |
|---|---|
| Annual | $18,717 |
| Annual Per SF | $6.79 |
PROPERTY FACTS
| Price | $229,900 | Property Type | |
| Price Per Unit | $76,633 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,758 SF |
| Cap Rate | 8.14% | No. Stories | 4 |
| No. Units | 3 | Year Built | 1910 |
| Zoning | SF6 | ||
| Price | $229,900 |
| Price Per Unit | $76,633 |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| No. Units | 3 |
| Property Type | |
| Lot Size | 0.22 AC |
| Building Size | 2,758 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | SF6 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $900.00 | - |
| 2+2 | 1 | $1,200 | - |
| Studios | 1 | $700.00 | - |
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PROPERTY TAXES
| Parcel Number | 158-0061-0012 | Total Assessment | $37,286 (2024) |
| Land Assessment | $2,524 (2024) | Annual Taxes | $2,343 ($0.85/SF) |
| Improvements Assessment | $34,762 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
158-0061-0012
Land Assessment
$2,524 (2024)
Improvements Assessment
$34,762 (2024)
Total Assessment
$37,286 (2024)
Annual Taxes
$2,343 ($0.85/SF)
Tax Year
2025
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3627 Hillside Ave
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