811 S Fred Shuttlesworth Cir - Apartments FOR SALE


Cincinnati, OH 45229- North Avondale
$575,000 USD
513-739-0058
811 S Fred Shuttlesworth Cir, Cincinnati, OH for Sale
$575,000 USD
Apartments - FOR SALE
1/10
null | 8.26% Cap Rate

811 S Fred Shuttlesworth Cir
Cincinnati, OH 45229
North Avondale


HIGHLIGHTS

  • Large units with attractive unit mix
  • Lots of operational upside
  • Room to increase rents and make additional unit upgrades

OVERVIEW

809-811 S. Fred Shuttlesworth consists of two buildings next to each other totaling 8 units. 809 is a triplex and 811 is a 5 unit building. These are being sold as a packaged deal. The property offers an attractive unit mix with two 3-beds, 2 two-beds, and 4 one-bed units. Owners have completed various upgrades over their ~5 years of ownership including new LVP flooring, kitchen updates, and fresh paint in all units. All units have individual furnaces and owner is just responsible for water, trash, and some common area electric. While rents are roughly 12% below market, the biggest NOI increase will come from controlling operational expenses. Offering memorandum can be accessed through the link below. https://issuu.com/gilreath/docs/809-811_s_fred_shuttlesworth_om?fr=sNTI5YzgzNTQ4MDc

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

8

PRICE/UNIT

$71,875

CAP RATE

8.26%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

108-0004-0032,108-0004-0033

ASK ABOUT THIS PROPERTY

JD SchmergeSABRE Group | Multifamily AdvisorsMore Info
513-739-0058

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JD SchmergeSABRE Group | Multifamily AdvisorsMore Info
513-739-0058

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