2301 Salvador St - Apartments FOR SALE


Cincinnati, OH 45230- Mount Washington
$2,000,000 USD
513-438-6183
2301 Salvador St, Cincinnati, OH for Sale
$2,000,000 USD
Apartments - FOR SALE
1/36
null | 8.64% Cap Rate

2301 Salvador St
Cincinnati, OH 45230
Mount Washington


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

20

PRICE/UNIT

$100,000

CAP RATE

8.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salvador Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,064 SF

ZONING

RM-1.2, Cincinatti

APN/PARCEL ID

001-0005-0044

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-438-6183

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Adam CurryKeller Williams Advisors RealtyMore Info
513-438-6183

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.