2944 Burlington Pl
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2944 Burlington Pl
3 Unit Apartment Building $251,000 ($83,667/Unit) Cincinnati, OH 45225
Investment Highlights
- Down the hill from the University of Cincinnati and major hospitals
- Conveniently located off I-75
- Plenty of off street parking
- Walking distance to the bus line
- 100% occupied
Executive Summary
Add this turnkey triplex to your portfolio. Three floors, all (1) bed/ (1) bath.. 100% occupied, off street parking. This property is right off I75 and the Hopple Street exit, close to the University of Cincinnati Campus and all major hospitals. All units have been renovated! Tenants pay heat and electric. Landlord pays water/sewer/trash
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$29,160
|
$9.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$29,160
|
$9.23
|
| Taxes |
$2,117
|
$0.67
|
| Operating Expenses |
$3,552
|
$1.12
|
| Total Expenses |
$5,669
|
$1.79
|
| Net Operating Income |
$23,491
|
$7.44
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $29,160 |
| Annual Per SF | $9.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $29,160 |
| Annual Per SF | $9.23 |
| Taxes | |
|---|---|
| Annual | $2,117 |
| Annual Per SF | $0.67 |
| Operating Expenses | |
|---|---|
| Annual | $3,552 |
| Annual Per SF | $1.12 |
| Total Expenses | |
|---|---|
| Annual | $5,669 |
| Annual Per SF | $1.79 |
| Net Operating Income | |
|---|---|
| Annual | $23,491 |
| Annual Per SF | $7.44 |
Property Facts Under Contract
| Price | $251,000 | Lot Size | 0.13 AC |
| Price Per Unit | $83,667 | Building Size | 3,159 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1898 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid Rise |
| Price | $251,000 |
| Price Per Unit | $83,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Lot Size | 0.13 AC |
| Building Size | 3,159 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1898 |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Yard
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $850.00 | - |
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 188-0013-0128 | Total Assessment | $33,457 |
| Land Assessment | $4,008 | Annual Taxes | $2,117 ($0.67/SF) |
| Improvements Assessment | $29,449 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
188-0013-0128
Land Assessment
$4,008
Improvements Assessment
$29,449
Total Assessment
$33,457
Annual Taxes
$2,117 ($0.67/SF)
Tax Year
2023
zoning
| Zoning Code | CCA (Zoning district is designed to support a variety of commercial activities that serve the community, such as retail stores, restaurants, and service-or) |
| CCA (Zoning district is designed to support a variety of commercial activities that serve the community, such as retail stores, restaurants, and service-or) |
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2944 Burlington Pl
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