4125 Chambers St 2 Unit Apartment Building $222,005 CAD ($111,003 CAD/Unit) 3% 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$22,317
|
$14.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$22,317
|
$14.53
|
| Taxes |
$5,509
|
$3.59
|
| Operating Expenses |
$10,139
|
$6.60
|
| Total Expenses |
$15,648
|
$10.19
|
| Net Operating Income |
$6,669
|
$4.34
|
PROPERTY FACTS
| Price | $222,005 CAD |
| Price Per Unit | $111,003 CAD |
| Sale Type | Investment |
| Cap Rate | 3% |
| 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 | $971.88 CAD | - |
1 of 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 221-0019-0065 | Total Assessment | $69,550 CAD (2023) |
| Land Assessment | $28,713 CAD (2023) | Annual Taxes | $5,509 CAD ($3.59 CAD/SF) |
| Improvements Assessment | $40,837 CAD (2023) | Tax Year | 2024 |
