Listed by Dwyer Commercial Real Estate
$1,199,000
3825 Eastern Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,400
Units 7
Cap Rate 10.06%
NOI $120,600
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $85,400
Price per SqFt $143
Class A
Year Built 1905
Year Renovated 2020
Acreage 0.170
Zoning CC-M-B
Investment Type Stabilized
Columbia Tusculum 7 Unit For Sale
Marketing description
3825 Eastern Ave is a fully occupied 7-unit multifamily investment opportunity in Cincinnati’s East End, featuring six 2-bedroom units and one 1-bedroom unit. This stabilized asset offers strong in-place cash flow, a desirable unit mix, and convenient access to Downtown Cincinnati and major commuter routes.
Investment highlights
- 8,400 +/- Total SF
- 7 Total Units
- 6 Two-Bedroom Units
- 1 One-Bedroom Unit
- CC-M-B Zoning
- Hardwood Floors
- Outdoor Patios
- On-site Laundry
- Storage Units in Basement
- New High Efficiency Boiler
- Roof Re-Sealed in 2021
- Highly Desirable Columbia Tusculum Neighborhood
- 100% Occupied
- Great Location, many walkable Bars and Restaurants and Boutiques
- Cincy 360 Directly Next Door
- Close Proximity to Downtown Cincinnati and Northern Kentucky
Listing Contacts
Listed by Dwyer Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,600.00
$10,050.00/mo
Valuation Metrics
0
DSCR
10.06%
Cap Rate
10.06%
ROI
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