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Straight Street Apartments 650 Straight St 46 Unit Apartment Building $3,699,000 ($80,413/Unit) 8.48% Cap Rate Cincinnati, OH 45219
INVESTMENT HIGHLIGHTS
- New roofs 2020
EXECUTIVE SUMMARY
46 unit cash flowing property. Just a few blocks from the University. Significant upside potential in a rapidly growing community. Recently appraised for over current asking price. Currently housing around 25% students. Financial documents available
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,699,000 | Building Class | C |
| Price Per Unit | $80,413 | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 26,000 SF |
| Cap Rate | 8.48% | Average Occupancy | 100% |
| No. Units | 46 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM2, Cincinnati | ||
| Price | $3,699,000 |
| Price Per Unit | $80,413 |
| Sale Type | Investment |
| Cap Rate | 8.48% |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | RM2, Cincinnati |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Smoke Free
- Community-Wide WiFi
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 324 - 550 |
| 1+1 | 26 | - | 700 |
| 2+1 | 10 | - | 800 - 808 |
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Walk Score®
Very Walkable (77)
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Straight Street Apartments | 650 Straight St
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