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4125 Chambers St 2 Unit Apartment Building $145,900 ($72,950/Unit) 3.29% Cap Rate Cincinnati, OH 45223
INVESTMENT HIGHLIGHTS
- Duplex - ARV of $300,000+
- Desirable location in Northside
- Value add opportunity
- Part of a portfolio of 4 buildings / 9 units, can be sold separately or together
EXECUTIVE SUMMARY
Excellent opportunity to acquire a duplex in the heart of Northside's urban revitalization. The property consists of two 1 bedroom, 1 bath units. Owner pays for heat and water, tenants pay electric. Both units are occupied by long term tenants. Rents are $725 & $675. Annual gross income is $16,800. The property is perfectly positioned for renovation with an ARV of $300,000+/-.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$16,075
|
$10.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$16,075
|
$10.47
|
| Taxes |
$3,968
|
$2.58
|
| Operating Expenses |
$7,303
|
$4.75
|
| Total Expenses |
$11,271
|
$7.34
|
| Net Operating Income |
$4,804
|
$3.13
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $16,075 |
| Annual Per SF | $10.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $16,075 |
| Annual Per SF | $10.47 |
| Taxes | |
|---|---|
| Annual | $3,968 |
| Annual Per SF | $2.58 |
| Operating Expenses | |
|---|---|
| Annual | $7,303 |
| Annual Per SF | $4.75 |
| Total Expenses | |
|---|---|
| Annual | $11,271 |
| Annual Per SF | $7.34 |
| Net Operating Income | |
|---|---|
| Annual | $4,804 |
| Annual Per SF | $3.13 |
PROPERTY FACTS
| Price | $145,900 | Building Class | C |
| Price Per Unit | $72,950 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,536 SF |
| Cap Rate | 3.29% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | SF2 - Zoning district is intended for moderate-density single-family residential use. | ||
| Price | $145,900 |
| Price Per Unit | $72,950 |
| Sale Type | Investment |
| Cap Rate | 3.29% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1880 |
| Opportunity Zone |
Yes |
| Zoning | SF2 - Zoning district is intended for moderate-density single-family residential use. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $700.00 | - |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 221-0019-0065 | Total Assessment | $50,155 |
| Land Assessment | $20,706 | Annual Taxes | $3,968 ($2.58/SF) |
| Improvements Assessment | $29,449 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
221-0019-0065
Land Assessment
$20,706
Improvements Assessment
$29,449
Total Assessment
$50,155
Annual Taxes
$3,968 ($2.58/SF)
Tax Year
2024
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4125 Chambers St
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