Dolores | 2535 Burnet Ave
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Dolores 2535 Burnet Ave
46 Unit Apartment Building $4,200,000 ($91,304/Unit) 7.50% Cap Rate Cincinnati, OH 45219
Investment Highlights
- Prime Location
- brick Structure
- Corner Lot
Executive Summary
For Sale: 46-Unit Multi-Family Building in Prime Cincinnati Located In Burnet Ave.
Located in one of Cincinnati's most sought-after neighborhoods, this fully leased 46-unit building offers an incredible investment opportunity. Featuring a well-maintained mix of 40 one-bedroom apartments and 6 two-bedroom apartments, this property is a steady source of rental income.
Key Property Highlights:
Unit Breakdown: 40 one-bedroom units and 6 two-bedroom units
Fully Leased: The building is completely occupied, providing immediate cash flow.
Upgraded Units: 2 units have been fully renovated to Class A status, commanding premium rents of $1,100 per month.
Strong Rent Roll: Remaining units are generating between $750 and $850 per month, ensuring consistent and reliable rental income.
Prime Location: Situated in a highly desirable area of Cincinnati, with convenient access to local amenities, transportation, and key business hubs, making it a top choice for tenants.
This well-maintained property is an ideal acquisition for investors seeking a stabilized, high-demand multi-family asset in a rapidly appreciating market. With a mix of upgraded and standard units, the potential for future rent increases makes this an even more attractive long-term investment.
Don't miss out on this exceptional opportunity—schedule a tour today and see for yourself why this property is the perfect addition to your portfolio!
Located in one of Cincinnati's most sought-after neighborhoods, this fully leased 46-unit building offers an incredible investment opportunity. Featuring a well-maintained mix of 40 one-bedroom apartments and 6 two-bedroom apartments, this property is a steady source of rental income.
Key Property Highlights:
Unit Breakdown: 40 one-bedroom units and 6 two-bedroom units
Fully Leased: The building is completely occupied, providing immediate cash flow.
Upgraded Units: 2 units have been fully renovated to Class A status, commanding premium rents of $1,100 per month.
Strong Rent Roll: Remaining units are generating between $750 and $850 per month, ensuring consistent and reliable rental income.
Prime Location: Situated in a highly desirable area of Cincinnati, with convenient access to local amenities, transportation, and key business hubs, making it a top choice for tenants.
This well-maintained property is an ideal acquisition for investors seeking a stabilized, high-demand multi-family asset in a rapidly appreciating market. With a mix of upgraded and standard units, the potential for future rent increases makes this an even more attractive long-term investment.
Don't miss out on this exceptional opportunity—schedule a tour today and see for yourself why this property is the perfect addition to your portfolio!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,200,000 | Apartment Style | Mid Rise |
| Price Per Unit | $91,304 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.50% | Building Size | 24,680 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 46 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.36/1,000 SF |
| Price | $4,200,000 |
| Price Per Unit | $91,304 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 24,680 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2022 |
| Parking Ratio | 0.36/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 550 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 092-0001-0046 | Total Assessment | $288,750 (2023) |
| Land Assessment | $41,055 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $247,695 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
092-0001-0046
Land Assessment
$41,055 (2023)
Improvements Assessment
$247,695 (2023)
Total Assessment
$288,750 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | Residential Multi Units (Residential Multi Units) |
| Residential Multi Units (Residential Multi Units) |
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Jacob Ben Shoushan Llc
Dolores | 2535 Burnet Ave
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