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32900550
32907108

3260 Glendora Avenue, Cincinnati, OH 45220 For Sale

MS
OH 2021008008
$1,200,000
55 days on market
Updated 51 days ago

3260 - 3262 Glendora Avenue

Details
APN 103-0001-0090-00/103-0001-0091-00/103-0001-0092-00
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Units 9
Beds 9
Cap Rate 7.50%
NOI $89,616
Occupancy 90%
Pro-Forma Cap Rate 7.70%
Pro-Forma NOI $92,116
Broker Co-Op True
Class C
Year Built 1915
Buildings 3
Stories 2
Acreage 0.220
Zoning Multifamily
Investment Type Stabilized

Great Multifamily investment, near University of Cincinnati

Marketing description

✔ 2 Buildings Next to Each Other ✔ 6 Two-Bedroom Units + Rare Attached Garages ✔ 2 Large One-Bedroom Units ✔ 1 Studio Unit ✔ Tenants Pay All Utilities Directly ✔ Low Operating Expenses = Strong Returns ✔ High-Demand Rental Area Near UC & Major Hospitals

Investment highlights

Excellent location just minutes from the University of Cincinnati, Cincinnati Children's Hospital, UC Health, and Downtown Cincinnati. Located on a corner lot right off busy Vine Street in a high-traffic corridor with strong rental demand. Value-add / redevelopment potential with two adjacent parcels in a busy location, investors may explore future redevelopment opportunities, including a larger multifamily project (buyer to verify zoning and approvals). Excellent turnkey investment with immediate cash flow and long-term upside. DM for financials and additional details. 💰 Gross Income: $113,280/Year 📈 Approx. 7.47% Cap Rate (5% Vacancy Applied) 🏷 Asking Price: $1.2M

Listing Contacts

MS
OH 2021008008

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$89,616.00
$7,468.00/mo

Valuation Metrics

0
DSCR
7.47%
Cap Rate
7.47%
ROI

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Additional Information

Name
Madhu S
License
2021008008
Brokerage
Plum Tree Realty
Title
Broker of Record
Name
Madhu Sanakari
License
2021008008
Brokerage
Plumtree Realty
Brokerage Phone
5134435060
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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