5132-5136 Montgomery Rd - Apartments FOR SALE


Cincinnati, OH 45212- Norwood
$1,595,000 USD
513-477-4111
5132-5136 Montgomery Rd, Cincinnati, OH for Sale
$1,595,000 USD
Apartments - FOR SALE
1/16
null | 10.79% Cap Rate

5132-5136 Montgomery Rd
Cincinnati, OH 45212
Norwood


HIGHLIGHTS

  • Tenants pay 100% of heating costs directly to Duke Energy. Tenants pay, water, sewage, garbage, house gas and electricity. NO owner utility costs!!!
  • Excellent central walkable LOCATION!
  • Near ZERO exterior maintenance issues. Very little yard work. Masonry construction.
  • Two brand NEW EPDM rubber ROOFS!!
  • Original refinished hardwood floors! Easy turnovers!!
  • Month to month leases currently below market with some long term tenancies.

OVERVIEW

***** Seller Financing Available with 25% down, 5% interest for up to 5 years amortized over 30 years!!**** PRICE REDUCED with two new EPDM rubber roofs!! Fully occupied 19 units located within walking distance to downtown Norwood shopping, restaurants and the Norwood lateral connecting Interstate 71 to Interstate 75. TENANTS PAY HEAT!! and all utilities used in the premises including water, sewage, garbage, house/common gas and electricity!! Newer windows and some updated kitchens and bathrooms. New electric distribution panels. Off street parking for 14 cars with three garages currently free that could generate an additional $550/mo.! Four coin operated washers and four coin operated dryers included. Storage lockers in the basements. Great tenant base with on-time payment histories. Month to month leases! Solid masonry construction. Near zero yard maintenance. Beautiful court yard with flowering pear trees. Original refinished hardwood floors accommodating very easy turnover between previous and new tenant move-in.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

19

PRICE/UNIT

$83,947

CAP RATE

10.79%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,737 SF

ZONING

-

APN/PARCEL ID

651-0010-0028,651-0010-0030,651-0010-0064

ASK ABOUT THIS PROPERTY

Ben TallarigoTallarigo PropertiesMore Info
513-477-4111

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Ben TallarigoTallarigo PropertiesMore Info
513-477-4111

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