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33527370
33527371

2215 Salvador St, Cincinnati, OH 45230

AC
OH 2014003970
KW Commercial Keller Williams Advisor's Realty
Keller Williams Advisors
Listed by KW Commercial Keller Williams Advisor's Realty, Keller Williams Advisors
$1,100,000
2 days on market
Updated 1 day ago

Mt Washington Apartments

Details
APN 001-0005-0044-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,290
Units 12
Beds 1
Cap Rate 8.62%
NOI $94,852
Occupancy 91.67%
Tenancy Multi
Year Built 1972
Buildings 1
Stories 3
Acreage 0.250
Zoning CC-M
Parking Spaces 15 spaces
Parking Per SqFt 2.06
Investment Type Stabilized

Multifamily | 8.62% CAP | 12 Units

Marketing description

2215 Salvador Street is a 12-unit multifamily property located in Cincinnati's Mt. Washington neighborhood. The property consists of 12 one-bedroom units, with 11 of 12 units currently occupied and potential gross monthly income of $12,235 at 100% occupancy.

Property features include a newer boiler system, separately metered electric, and an implemented RUBS program to help offset owner utility expenses. Residents benefit from a concrete driveway and off-street parking located behind the building.

Positioned near Mt. Washington's retail corridor, the property offers convenient access to shopping, dining, and daily necessities. With a proven unit mix, strong occupancy, and efficient operations, 2215 Salvador Street presents a strong investment opportunity in a desirable East Side submarket.

Investment highlights

  • Insert Cap Rate
  • 12 One-Bedroom Apartment Units
  • Turnkey Investment
  • Newer Boiler
  • RUBS Program Implemented
  • Off-Street Rear Parking Available

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$94,852.00
$7,904.33/mo

Valuation Metrics

0
DSCR
8.62%
Cap Rate
8.62%
ROI

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