5208 Globe Ave 3 Unit Apartment Building $313,870 CAD ($104,623 CAD/Unit) 4.30% Cap Rate Cincinnati, OH 45212
INVESTMENT HIGHLIGHTS
- Triplex - ARV of $300,000+
- Desirable Norwood location
- Part of a portfolio of 4 buildings / 9 units, can be sold separately or together
- Value add opportunity - below market rents
EXECUTIVE SUMMARY
Value add triplex, 1 one bedroom and 2 studio apartments. Rents are $650, $800 and $500. Owner pays heat and water. Tenants pay electric. All brick exterior with pitched roof. Parking is on street. Window units for cooling. Gross income is $23,400/annually. Tenants month to month. Part of a portfolio of 4 properties and 9 units total, can be sold together or separate.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$32,657
|
$21.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$32,657
|
$21.21
|
| Taxes |
$3,178
|
$2.06
|
| Operating Expenses |
$16,185
|
$10.51
|
| Total Expenses |
$19,363
|
$12.57
|
| Net Operating Income |
$13,294
|
$8.63
|
PROPERTY FACTS
| Price | $313,870 CAD |
| Price Per Unit | $104,623 CAD |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,540 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1918 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $907.14 CAD | 23,400 |
1 of 1
PROPERTY TAXES
| Parcel Number | 651-0008-0017 | Total Assessment | $56,388 CAD (2023) |
| Land Assessment | $11,610 CAD (2023) | Annual Taxes | $3,178 CAD ($2.06 CAD/SF) |
| Improvements Assessment | $44,777 CAD (2023) | Tax Year | 2024 |
ZONING
| Zoning Code | R3 (Residential, Multifamily District) |
