5276-5282 Montgomery Rd
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5276-5282 Montgomery Rd
22 Unit Apartment Building $1,300,000 ($59,091/Unit) Cincinnati, OH 45212
Investment Highlights
- Easy access to Interstate 71 and Ohio 562
- Significant improvements, including enhanced security, partial unit rehabilitation, and improved common areas
Executive Summary
3CRE is excited to introduce a multifamily opportunity at 5276-5282 Montgomery Road, Cincinnati, OH 45212. This premier property features 22 one-bedroom, one-bathroom units, reflecting strong demand and maintaining consistent occupancy rates. Over the years, it has undergone significant improvements, including enhanced security, partial unit rehabilitation, and improved common areas.
Approved for Section 8 housing, it offers a broad appeal. Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life.
Financially, the property is listed at $1,300,000 with a cap rate of 7.07% and a gross scheduled income of $196,536, making it a prime investment in a growing community. 3CRE is proud to present this property as an excellent opportunity for new ownership to increase rental income through potential rent adjustments and the implementation of an efficient Ratio Utility Billing System (RUBS).
Approved for Section 8 housing, it offers a broad appeal. Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life.
Financially, the property is listed at $1,300,000 with a cap rate of 7.07% and a gross scheduled income of $196,536, making it a prime investment in a growing community. 3CRE is proud to present this property as an excellent opportunity for new ownership to increase rental income through potential rent adjustments and the implementation of an efficient Ratio Utility Billing System (RUBS).
Property Facts
| Price | $1,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $59,091 | Building Class | C |
| Sale Type | Investment | Building Size | 14,549 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Price | $1,300,000 |
| Price Per Unit | $59,091 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 14,549 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.96/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $223,759 | |
| Land Assessment | $24,920 | Total Assessment | $248,679 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,920
Improvements Assessment
$223,759
Total Assessment
$248,679
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5276-5282 Montgomery Rd
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