This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5144 Montgomery Rd
Cincinnati, OH 45212
Multifamily Property For Sale · 13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,797 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1937/2018 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,797 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1937/2018 |
Site Amenities
- Laundry Facilities
About 5144 Montgomery Rd , Cincinnati, OH 45212
Jennifer M. Donathan, Senior Investment Advisor for KW Commercial is pleased to present for sale 5144 Montgomery Road in Norwood Ohio. The property is in the final stages of extensive high end renovations. The 8,757 sf building has been improved with new roof, gutters, fascia board, windows, kitchen cabinets, appliances, granite counter tops, refinished hardwood floors, new bathroom vanity, tub/shower combo with ceramic tile, new light fixtures, new balconies, new gas boiler, new hot water tank, new a/c units etc. Most tenants are upper classmen/graduate students attending the nearby Xavier University. The property consists of 13 large one bedroom, one bath units with onsite laundry and some balconies. The owner pays for heat, water and trash and tenants pay for electric. Heat is provided by a new gas boiler. The property is turnkey and is ready for a new owner. There is still some value add opportunity by raising the rents to $800/month for additional annual income of approximately $10,000+/-.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $725.00 | 700 |
PROPERTY TAXES
| Parcel Number | 651-0010-0001 | Improvements Assessment | $237,745 |
| Land Assessment | $34,580 | Total Assessment | $272,325 |
PROPERTY TAXES
zoning
| Zoning Code | GBD |
| GBD |
Learn More About Investing in Apartment Buildings
