Listed by Real of Ohio
$575,000
Queen City Avenue
Details
APN 208-0066-0066-00
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
NOI $48,637
Year Built 1959
Acreage 0.249
Multifamily
Marketing description
Turnkey, fully occupied 6-unit apartment building featuring six 1-bedroom, 1-bath units with strong in-place cash flow. Most units have been renovated with fresh paint, updated flooring and new appliances. Major capital improvements include a roof and windows less than 10 years old and water heater and electrical panels installed approximately two years ago. The property offers off-street parking behind the building and benefits from a utility bill-back program, increasing net operating income. A well-maintained investment with stable occupancy and upside.
Listing Contacts
Listed by Real of Ohio
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,637.00
$4,053.08/mo
Valuation Metrics
0
DSCR
8.46%
Cap Rate
8.46%
ROI
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