7508 Elizabeth St - Apartments FOR SALE


Cincinnati, OH 45231- Brentwood
$360,000 USD
513-745-9333
7508 Elizabeth St, Cincinnati, OH for Sale
$360,000 USD
Apartments - FOR SALE
1/26
null | 8.01% Cap Rate

7508 Elizabeth St
Cincinnati, OH 45231
Brentwood


HIGHLIGHTS

  • Cap rate - 8.01%
  • Total units - 5 units | (1) 2 bed, 1 bath | (4) 1 bed, 1 bath
  • Tenants responsible for electric, gas, and heat
  • Fully renovated with updated flooring, kitchens, countertops, bathrooms, and decks
  • Major upgrades: 5 high-efficiency furnaces and insulated vinyl windows (2020), 3 new water heaters (2019 & 2020), and a new roof (~10 years)

OVERVIEW

3CRE is pleased to present the Elizabeth Street Apartments for sale, a well-maintained 5-unit multifamily property consisting of one 2-bedroom, 1-bath unit and four 1-bedroom, 1-bath units. Each unit has separately metered electric, with tenants responsible for electric, gas, and heat, while the landlord covers water and trash. Recently the landlord has implemented a water fee and recoup the water expense. Major upgrades include the installation of five high-efficiency furnaces and insulated vinyl windows in 2020, three new water heaters in 2019 and 2020, and a new roof within the last ten years. The property also features a full basement with individual storage bays for each unit, and new coin-operated washer and dryer machines in the basement. All units have been fully renovated with updated flooring, kitchens, countertops, bathrooms, and decks. This offering presents a strong in-place cash flow with the opportunity to increase value through continued rent growth.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

5

PRICE/UNIT

$72,000

CAP RATE

8.01%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5-Unit Apartment Building - Cincinnati, OH

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial

APN/PARCEL ID

593-0008-0332

ASK ABOUT THIS PROPERTY

Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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