3081 Henshaw Ave
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3081 Henshaw Ave
2 Unit Apartment Building $163,500 ($81,750/Unit) 10.71% Cap Rate Cincinnati, OH 45225
Investment Highlights
- Duplex - ARV of $225,000+
- Desirable Camp Washington location, right behind Mom 'n 'em coffee shop
- Value add opportunity
- Part of a portfolio of 5 buildings / 12 units
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$20,400
|
$13.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,400
|
$13.78
|
| Taxes |
$585
|
$0.40
|
| Operating Expenses |
$2,303
|
$1.56
|
| Total Expenses |
$2,888
|
$1.95
|
| Net Operating Income |
$17,512
|
$11.83
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $13.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $13.78 |
| Taxes | |
|---|---|
| Annual | $585 |
| Annual Per SF | $0.40 |
| Operating Expenses | |
|---|---|
| Annual | $2,303 |
| Annual Per SF | $1.56 |
| Total Expenses | |
|---|---|
| Annual | $2,888 |
| Annual Per SF | $1.95 |
| Net Operating Income | |
|---|---|
| Annual | $17,512 |
| Annual Per SF | $11.83 |
Property Facts
| Price | $163,500 | Building Class | C |
| Price Per Unit | $81,750 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,480 SF |
| Cap Rate | 10.71% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $163,500 |
| Price Per Unit | $81,750 |
| Sale Type | Investment |
| Cap Rate | 10.71% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $800.00 | - |
| 2+1 | 1 | $900.00 | - |
1 of 1
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 189-0024-0061 | Total Assessment | $18,386 |
| Land Assessment | $3,483 | Annual Taxes | $585 ($0.40/SF) |
| Improvements Assessment | $14,903 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
189-0024-0061
Land Assessment
$3,483
Improvements Assessment
$14,903
Total Assessment
$18,386
Annual Taxes
$585 ($0.40/SF)
Tax Year
2023
zoning
| Zoning Code | SF2 (Zoning district is intended for moderate-density single-family residential use.) |
| SF2 (Zoning district is intended for moderate-density single-family residential use.) |
-
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3081 Henshaw Ave
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