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32773438
32773463

2244 SALVADOR ST, CINCINNATI, OH 45230

AC
OH 2014003970
KW Commercial Keller Williams Advisor's Realty
Listed by KW Commercial Keller Williams Advisor's Realty
$810,000
14 days on market
Updated 14 days ago

Gated 9-Unit Apartment Community

Details
APN 001-0002-0149-00
Property Type Multifamily
Square Footage 4,274
Units 8
Cap Rate 8.5%
NOI $68,886
Year Built 1986
Stories 1
Lot Size (SqFt) 13,068
Parking Spaces spaces
Investment Type Stabilized

About This Property

Marketing description

2244 Salvador Street is a 9-unit turnkey multifamily property offered at an 8.5% cap rate, located in Cincinnati's established Mt. Washington neighborhood. The property features eight one-bedroom apartments and one studio, with one current vacancy. At 100% occupancy, monthly rents total $8,914, with RUBS implemented and charged back to tenants, reducing owner utility cost.

Each unit is equipped with PTAC systems, with electric paid directly by tenants, keeping operational costs lean. The building features secure gated access and nine on-site parking spaces, amenities that support tenant retention and occupancy.

Situated near retail, dining, and major commuter routes, 2244 Salvador Street benefits from Mt. Washington's strong rental demand and historically low vacancy. This opportunity offers investors a stabilized asset in one of Cincinnati's most consistent East Side submarkets.

Investment highlights

  • 9 Units | 8.5% Cap Rate
  • 8 One-Beds & 1 Studio
  • PTAC Units | Tenant Paid Electric
  • Secure Gated Entry & Resident Access
  • 9 Parking Spaces
  • Mt Washington - Strong Rental Demand

Listing Contacts

AC
OH 2014003970
KW Commercial Keller Williams Advisor's Realty
Listed by KW Commercial Keller Williams Advisor's Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$68,886.00
$5,740.50/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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