877 Ludlow - Apartments FOR SALE


Cincinnati, OH 45220- Clifton
$974,900 USD
513-896-1200
877 Ludlow, Cincinnati, OH for Sale
$974,900 USD
Apartments - FOR SALE
1/18
null | 7.18% Cap Rate

877 Ludlow
Cincinnati, OH 45220
Clifton


HIGHLIGHTS

  • Tenant Paid Utilities!
  • Six Private Garage Spaces!
  • Adjacent to Cincinnati State!
  • Walkable to Shops, Restaurants, & Entertainment!
  • A Class Location!
  • Value Add Opportunity!

OVERVIEW

5-Unit Investment Property 100% Occupied! Strong cash flow, current rent roll $6,825 a month. This well maintained five unit property is located in the heart of Gaslight Clifton. offers investors immediate cash flow and significant upside potential. Plans already approved for a sixth efficiency unit with only $15K in build out cost. Tenant paid utilities including water, which minimize owner expenses. Six private garage spaces, plus direct access to major bus line. High demand rental market near campus. Adjacent to Cincinnati State College. Low turnover with stable, long term tenants. Walkable to shops, restaurants, and entertainment! Finished Sq.Ft.7,260

FOR SALE DETAILS

PRICE

$974,900 USD

PRICE/SF

$169 USD /SF

# OF UNITS

5

PRICE/UNIT

$194,980

CAP RATE

7.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

RM-1.2

APN/PARCEL ID

215-0069-0072

ASK ABOUT THIS PROPERTY

Ali Abdur-RahmanPlum Tree RealtyMore Info
513-896-1200

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

Ali Abdur-RahmanPlum Tree RealtyMore Info
513-896-1200

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