5132-5136 Montgomery Rd, Cincinnati, OH 45212
19 Unit Apartment Building | $1,985,000 ($104,474/Unit) | 10.13% Cap Rate | Cincinnati, OH 45212
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,985,000
- Property Type
-
Multifamily
- Square Feet
- 15,000 SF
Listing Contacts
Ben Tallarigo
Verified Profile
- Property Info
Property Overview
****SELLER FINANCING AVAILABLE!!!**** 25% down, 6.5% interest for 5 years amortized over 30 years.
Strategically located, 19 spacious apartments located in the heart of Norwood with off street parking two blocks from the Norwood lateral. Boasting an attractive apartment mix of; 1 one bedroom, 13 two bedrooms, and 5 three bedrooms. All with one bathroom. Walk to restaurants, stores and more. Directly on public transportation line. Recently resurfaced driveway and parking area. New EPDM rubber roof installed February 2024. Individually metered gas forced air furnaces! Refinished hardwood floors. Lots of new windows. Renovated kitchens and bathrooms. Coin op laundry and storage in the basements. Newer water heaters. New electric distribution panels. Tenants pay ALL utilities including water, sewage, garbage and HOUSE gas and electric!! Very low overhead. Easily maintained property. Solid brick construction. Very little yard work with a large courtyard filled with beautiful flowering pear trees. A well maintained, income producing property with a long term resident base creating value add and increased income opportunities. Additional income can also be derived by allocating reserved off street parking, garages and storage.
A video of each apt. can be viewed on YouTube by searching the property address and apt. #.
Strategically located, 19 spacious apartments located in the heart of Norwood with off street parking two blocks from the Norwood lateral. Boasting an attractive apartment mix of; 1 one bedroom, 13 two bedrooms, and 5 three bedrooms. All with one bathroom. Walk to restaurants, stores and more. Directly on public transportation line. Recently resurfaced driveway and parking area. New EPDM rubber roof installed February 2024. Individually metered gas forced air furnaces! Refinished hardwood floors. Lots of new windows. Renovated kitchens and bathrooms. Coin op laundry and storage in the basements. Newer water heaters. New electric distribution panels. Tenants pay ALL utilities including water, sewage, garbage and HOUSE gas and electric!! Very low overhead. Easily maintained property. Solid brick construction. Very little yard work with a large courtyard filled with beautiful flowering pear trees. A well maintained, income producing property with a long term resident base creating value add and increased income opportunities. Additional income can also be derived by allocating reserved off street parking, garages and storage.
A video of each apt. can be viewed on YouTube by searching the property address and apt. #.
Property Details
- Class
- C
- Year Built/Renovated
- 1929/2024
- Stories
- 3
- Lot Size (sq. ft)
- 11,761 SF
- Units
- 19
Highlights
- Great Location, walk to all necessities. On bus line and close to interstate.
- New EPDM rubber roof.
- Separately metered w individual gas forced air furnaces.
- Refinished hardwood floors, NO carpet!
- Very low maintenance requirements with masonry construction and small yard.
- Newer windows, kitchens, and baths.
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