7624 Rosewood Dr
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7624 Rosewood Dr
10 Unit Apartment Building $1,204,849 CAD ($120,485 CAD/Unit) 9.15% Cap Rate Blanchester, OH 45107
Executive Summary
?? Investment Opportunity: 10-Unit Townhome Property in Blanchester, Ohio ??
?? Location: Blanchester, Ohio?? Property Type: Two 5-Unit Townhome Buildings (10 Total Units) (ALL TWO BEDROOM UNITS)?? Occupancy: 90% Stabilized
Property Highlights:
Updated and Well-Maintained: Both buildings are in great condition with updates made over the years, ensuring lower maintenance costs and tenant satisfaction.
Value-Add Potential: While occupancy is strong, there’s still room to increase revenue through targeted rent adjustments and additional fees (e.g., pet fees, parking, utilities).
Stabilized Investment: The property offers investors a rare blend of stability and upside, making it an attractive addition to any portfolio.
Desirable Location: Situated in blanchester, a growing area with consistent rental demand, this property benefits from a steady tenant pool and proximity to key amenities.
Financial Snapshot:?? Current Occupancy Rate: 90%?? Potential Upside: With strategic rent increases, there’s opportunity to boost cash flow while still staying competitive in the local market.
Why This Opportunity Stands Out:This is a rare find—a stabilized asset with "meat on the bones" for value-add investors. Whether you're a seasoned investor looking for consistent income or a first-time commercial buyer seeking a manageable opportunity with room to grow, these townhomes are a must-see.
Don’t Miss Out!Opportunities like this don’t last long in the Blanchester market. Contact us today to request the full financial package, schedule a tour, and secure your foothold in this lucrative investment!
?? Location: Blanchester, Ohio?? Property Type: Two 5-Unit Townhome Buildings (10 Total Units) (ALL TWO BEDROOM UNITS)?? Occupancy: 90% Stabilized
Property Highlights:
Updated and Well-Maintained: Both buildings are in great condition with updates made over the years, ensuring lower maintenance costs and tenant satisfaction.
Value-Add Potential: While occupancy is strong, there’s still room to increase revenue through targeted rent adjustments and additional fees (e.g., pet fees, parking, utilities).
Stabilized Investment: The property offers investors a rare blend of stability and upside, making it an attractive addition to any portfolio.
Desirable Location: Situated in blanchester, a growing area with consistent rental demand, this property benefits from a steady tenant pool and proximity to key amenities.
Financial Snapshot:?? Current Occupancy Rate: 90%?? Potential Upside: With strategic rent increases, there’s opportunity to boost cash flow while still staying competitive in the local market.
Why This Opportunity Stands Out:This is a rare find—a stabilized asset with "meat on the bones" for value-add investors. Whether you're a seasoned investor looking for consistent income or a first-time commercial buyer seeking a manageable opportunity with room to grow, these townhomes are a must-see.
Don’t Miss Out!Opportunities like this don’t last long in the Blanchester market. Contact us today to request the full financial package, schedule a tour, and secure your foothold in this lucrative investment!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,204,849 CAD | Apartment Style | Garden |
| Price Per Unit | $120,485 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 9.15% | Building Size | 4,108 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Price | $1,204,849 CAD |
| Price Per Unit | $120,485 CAD |
| Sale Type | Investment |
| Cap Rate | 9.15% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 4,108 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,439 CAD | 825 |
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PROPERTY TAXES
| Parcel Number | 220-09-12-01-0064-00 | Total Assessment | $153,418 CAD (2023) |
| Land Assessment | $21,512 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $131,906 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
220-09-12-01-0064-00
Land Assessment
$21,512 CAD (2023)
Improvements Assessment
$131,906 CAD (2023)
Total Assessment
$153,418 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R-5 (Designed to accommodate single-family homes and ensure a cohesive residential environment.) |
| R-5 (Designed to accommodate single-family homes and ensure a cohesive residential environment.) |
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7624 Rosewood Dr
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