Off-market stabilized 30-unit multifamily asset in a high-demand,
low-vacancy rental pocket of Cincinnati.
High-Value Property
Deal Snapshot
- Units: 30 (28 x 2BR, 2 x 1BR)
- Year Built: Brick, hollow-core construction
- Location: On the bus line, walking distance to shopping, healthcare, and dining
- Parking: Large off-street parking + attached pole barn for storage
- Laundry: Coin laundry in each building
- Windows: New (Dec 2024) – projected to cut heating cost by 15–30%
- Roof: Flat rubber
Construction & Utility Details
Brick construction | Flat roof
Gas & electric individually metered
Coin laundry for additional income
Building in excellent condition with recent upgrades
Financials (2025 Projected)
Gross Rental Income: $407,700
Laundry Income: $10,000
Total Revenue: $417,700
Net Operating Income: $303,141
Cap Rate (Actual): ~8.9%
- Pro Forma Upside:
Industry Avg Rent (2BR): $1,350
Current Avg (2BR): $1,150
Room to grow rents ~15–17%