717-719 Elliott Ave - Apartments FOR SALE


Cincinnati, OH 45215- Arlington Heights
$1,275,000 USD
513-513-1300
717-719 Elliott Ave, Cincinnati, OH for Sale
$1,275,000 USD
Apartments - FOR SALE
1/5
null | 7.61% Cap Rate

717-719 Elliott Ave
Cincinnati, OH 45215
Arlington Heights


HIGHLIGHTS

  • All brick/block inside and outside 17 unit building with low maintenance, management requirement
  • Stable, solid return in a high demand rental area
  • Good unit mix with 11 one bedroom units and 6 two bedroom units
  • Currently 100% rented
  • Many interior and exterior updates throughout

OVERVIEW

717-719 Elliot Avenue is comprised of 17 total units (1 unit conversion into laundry room) with 11 one bedroom units and 6 two bedroom units, the owner supplies the heat, water and trash while the tenants pay their own electric and cable. The building has had many updates inside and out the past 10 years including boiler, water heater, roof, soffits, gutters, windows, and many interior updates including flooring, kitchens and appliances. The heat is supplied by a hot water boiler with air conditioning supplied by wall sleeves. Every unit pays a gas/water RUBS charge of $45-$70 per month. Off street parking is available. The building is an all brick/block inside and out providing a low maintenance, low management investment in strong rental market location right on the border of 4 submarkets of Arlington Heights, Reading, Wyoming and Lockland. The property currently boasts a 100% occupancy. The property doesn't allow pets, Section 8 or reduced security deposits. The owner has a three property portfolio that he'd consider selling them together or individually.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

17

PRICE/UNIT

$75,000

CAP RATE

7.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arlington Heights/Lockland

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,243 SF

ZONING

RM-2.0

APN/PARCEL ID

601-0002-0148

ASK ABOUT THIS PROPERTY

Matthew AmosC.A.P. Real EstateMore Info
513-513-1300

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Matthew AmosC.A.P. Real EstateMore Info
513-513-1300

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