Listed by ERA REAL Solutions Realty. LLC, ERA Real Solutions Realty, LLC
$1,100,000
May Street
Details
APN 068-0002-0126-00
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
NOI $48,956
Acreage 0.057
Multifamily
Marketing description
Exceptional investment opportunity in the heart of Walnut Hills! This stately Victorian 8-unit multifamily property offers a highly desirable unit mix of one-, two-, three-, and four-bedroom apartments, appealing to a broad tenant base. Currently 75% occupied, the property generates approximately $111,000 in annual gross income. Six of the eight units were thoughtfully renovated in 2022, minimizing near-term capital expenditures while enhancing rental appeal. Benefit from a valuable TIF tax abatement through 2032, providing significant long-term savings and improved cash flow. A turnkey, income-producing asset in one of Cincinnati's most sought-after and rapidly appreciating neighborhoods.
Listing Contacts
Listed by ERA REAL Solutions Realty. LLC, ERA Real Solutions Realty, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,956.00
$4,079.67/mo
Valuation Metrics
0
DSCR
4.45%
Cap Rate
4.45%
ROI
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Property History
Tax History
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