3853 Delmar Ave - Apartments FOR SALE


Cincinnati, OH 45211- Cheviot
$599,000 USD
440-474-2269
3853 Delmar Ave, Cincinnati, OH for Sale
$599,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

3853 Delmar Ave
Cincinnati, OH 45211
Cheviot


HIGHLIGHTS

  • Value add opportunity - below market rents
  • Long term ownership - same owner for past 20+ years
  • Well-maintained asset - newer roof, parking lot and windows

OVERVIEW

Rare opportunity to own a 8-unit brick apartment building in desirable Cheviot neighborhood. Property has been well maintained by same owner for 25 years, including new roof and repaved & sealed driveway in past 4 years. Located on a predominantly single-family street, all units are 1 bed/1 bath with long-term tenants in place and potential for upside rent growth. Tenants pay electric and water reimbursement. Basement has shared laundry area and additional tenant storage. One unit is currently vacant for showings. Financials available by request.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

8

PRICE/UNIT

$74,875

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,906 SF

ZONING

-

APN/PARCEL ID

551-0005-0405

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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