Listed by GJS Ohio LLC
$795,000
909 ELLISON AVE CINCINNATI OH 45226-1208
Details
APN 00450002002300
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,960
Units 4
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $46,310
Price per SqFt $269
Year Built 1957
Stories 2
Lot Size (SqFt) 4,994
Zoning RM-2.0-MH
About This Property
Marketing description
909 Ellison Ave, Cincinnati, OH 45226
- Parcel ID: 045-0002-0023-00
- Neighborhood: Mt. Lookout
- Zoning: RM-2.0-MH
- Unit Mix: 4 - 1x1 / SF: 635
- 0.3 miles to Mt. Lookout Square
- 1.4 miles to Ault Park
- 1.8 miles to Hyde Park Square
- 1.9 Miles to Alms Park
- 2.0 miles to Lunken Airport
- 2.4 miles to Oakley Square
- 4.0 miles to Mariemont
- 5.9 miles to Downtown Cincinnati
- Long term rental demand is consistent year over year
- Subject Average Effective: $1283/unit
- Subject Pro Forma: $1450/unit
- 2- Double door garages; Pro Forma Rent $150/month
- Maintained by same owner since 1985
Construction
- Built: 1957
- Total SF: 2960
- Acres: 0.115
- Foundation: Poured Concrete
- Exterior Walls: Brick
- Windows: Vinyl (2013)
- Heating: Radiant/Boiler
- Cooling: Window AC Units
- Plumbing: Copper/PVC/Cast
- Electrical: Siemens Panels/Copper Wire (1991)
- Coin Laundry – Owner/Operated
- Parking: On Street
- Cooking: Gas Stove
- Dishwashers: Units 1 & 3
- Seller will consider asphalt driveway repair credit
- 4- Basement Storage Units
- Original Hardwoods
- Ceiling Fans in every unit
- Owner Utilities: Water, Sewer, Gas.
- Trash included in property taxes
Leasing Amenities
- Walkability; Mt. Lookout Square, Hyde Park, Ault Park, Alms Park, Lunken Airport & More.
- Water/Sewer/Trash Included in Rent
- Basement Storage Unit Included
- Secured Entry Access
- 635 square foot units
- Off-Street Parking
- Original Hardwoods
- (0.3 Miles) Walk to Mt. Lookout Square
- Kilgore Elementary School
Investment highlights
Click link above and click documents for financials.
Listing Contacts
Listed by GJS Ohio LLC
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