$1,250,000

Apartment In Hamilton

  • 30,381 Sqft
  • 28,179 Sqft lot
  • Updated: September 9
  • Source:
    MLS of Greater Cincinnati (CincyMLS)  MLS#1891956

About the Property

Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI fr
Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.
  • Property type

    Apartment

  • Year built

    1908

  • Price/sqft

    $41

Explore the Area

125 Park Avenue, Ross, Ohio, United States View on Google Maps
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Outside The Box Real Estate - Dayton

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Outside The Box Real Estate - Dayton
Ohio, United States
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Outside The Box Real Estate - Dayton
Dayton, Ohio, United States
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Last updated
September 9
First listed
Sep 9
Listing reference
1891956
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