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6914 Montgomery Rd 10 Unit Apartment Building $850,000 ($85,000/Unit) 7.02% Cap Rate Cincinnati, OH 45236
EXECUTIVE SUMMARY
Turnkey 10-Unit Multifamily with Mini-Split Systems
6914 Montgomery Road presents a turnkey 10-unit multifamily property in the
rapidly growing Silverton submarket of Cincinnati, Ohio. Recently renovated from top
to bottom, the property features updated units and common areas, all-new electrical
and plumbing systems, and efficient individual mini-split heating and cooling systems
in every unit.
With tenants responsible for their own heating and cooling costs (MINI-SPLITS)
and the owner only covering water, operational expenses remain highly manageable.
Eight out of ten tenants are month-to-month with current rents positioned slightly
below market, providing investors with immediate rent growth potential. Additionally,
the property offers an opportunity to implement a RUBS program to further boost
NOI.
Strategically located along Montgomery Road with easy access to major
employers, retail corridors, and nearby highways, 6914 Montgomery delivers a stable,
income-producing asset with clear upside for both short-term cash flow and long-
term appreciation.
6914 Montgomery Road presents a turnkey 10-unit multifamily property in the
rapidly growing Silverton submarket of Cincinnati, Ohio. Recently renovated from top
to bottom, the property features updated units and common areas, all-new electrical
and plumbing systems, and efficient individual mini-split heating and cooling systems
in every unit.
With tenants responsible for their own heating and cooling costs (MINI-SPLITS)
and the owner only covering water, operational expenses remain highly manageable.
Eight out of ten tenants are month-to-month with current rents positioned slightly
below market, providing investors with immediate rent growth potential. Additionally,
the property offers an opportunity to implement a RUBS program to further boost
NOI.
Strategically located along Montgomery Road with easy access to major
employers, retail corridors, and nearby highways, 6914 Montgomery delivers a stable,
income-producing asset with clear upside for both short-term cash flow and long-
term appreciation.
PROPERTY FACTS
| Price | $850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $85,000 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 6,220 SF |
| Cap Rate | 7.02% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Zoning | C-1 | ||
| Price | $850,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.60 AC |
| Building Size | 6,220 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1951 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | C-1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Yard
- Breakfast Nook
- Built-In Bookshelves
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 500 |
1 1
PROPERTY TAXES
| Parcel Number | 602-0002-0386 | Improvements Assessment | $78,568 |
| Land Assessment | $26,600 | Total Assessment | $105,168 |
PROPERTY TAXES
Parcel Number
602-0002-0386
Land Assessment
$26,600
Improvements Assessment
$78,568
Total Assessment
$105,168
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6914 Montgomery Rd
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