TURNKEY 20-UNIT | 8.64% CAP RATE | MT WASHINGTON
About This Property
Marketing description
Stabilized 6-Unit Asset in Strong East Cincinnati Submarket
2301 Salvador Street is a 20-unit multifamily property located in Cincinnati's Mt. Washington neighborhood, offered at an 8.64% cap rate. The property consists of 14 two-beds and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. With strong in-place cash flow and proven occupancy, the asset delivers immediate returns from day one.
The property features include boiler heat, through-the-wall air conditioning, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed throughout the property, and residents benefit from an off-street parking lot with approximately 30 spaces.
With a strong rental history, desirable unit mix, and efficient operations, 2301 Salvador Street offers investors a stable multifamily asset in a well-established East Side submarket.
Investment highlights
- Offered at an 8.64% Cap Rate
- 20 Units | 14 Two-Beds & 6 One-beds
- RUBS Program Implemented
- 30 Off-Street Parking Spaces
- Strong Rental Demand
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