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500 W Wyoming Ave - 500 W Wyoming Ave 2 Unit Apartment Building Offered at $199,900 at a 13.12% Cap Rate Lockland, OH 45215
Executive Summary
13% net ROI and Cash flow statement available upon request. This duplex offers approximately 2,496 square feet and features two spacious units with separate utilities. Unit #1 is a 3-bedroom, 2-bath unit currently leased for $1,400 per month, while Unit #2 is a 3-bedroom, 1-bath unit generating $1,283 per month. Major capital improvements include a roof approximately 4 years old and water heaters that are less than 2 years old; Furnaces are also less than 12 months old. The property also offers four off-street parking spaces located at the rear, providing added convenience for tenants. An excellent opportunity for investors seeking a strong income-producing property. Cash or Hard Money preferred. As-Is sale, with inspections allowed. Showing times are limited - See broker notes.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$32,196
|
$12.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$32,196
|
$12.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,960
|
$2.39
|
| Net Operating Income |
$26,236
|
$10.51
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $32,196 |
| Annual Per SF | $12.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $32,196 |
| Annual Per SF | $12.90 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,960 |
| Annual Per SF | $2.39 |
| Net Operating Income | |
|---|---|
| Annual | $26,236 |
| Annual Per SF | $10.51 |
Property Facts
| Price | $199,900 | Property Type | Multifamily |
| Price Per Unit | $99,950 | Building Size | 2,496 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 13.12% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1880/2022 |
| Price | $199,900 |
| Price Per Unit | $99,950 |
| Sale Type | Investment |
| Cap Rate | 13.12% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,496 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1880/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,400 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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500 W Wyoming Ave - 500 W Wyoming Ave