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6603 Hasler Ln

11 Unit Apartment Building $1,130,000 ($102,727/Unit) 7.99% Cap Rate Cincinnati, OH 45216

Investment Highlights

  • All properties are contiguously located, reducing operational complexity and enhancing efficiency.
  • Average rent of $876.50 per unit with room to grow to $950 per unit on 1 bedroom apartments

Executive Summary

Turnkey 11-Door Investment Opportunity in Elmwood Place. Discover a prime small portfolio investment in Elmwood Place, Cincinnati, featuring two 5-unit multifamily buildings and one single-family home, totaling 11 doors and 13 rooms.
Multifamily Units: 1-bedroom units with current average rents of $876.50 and proven upside potential to $950.
Convenient Management: All properties are adjacent on the same block, streamlining property management and operations.
Strong Cash Flow Potential: Consistent rental income with room for value-add increases, ideal for investors seeking immediate returns with upside opportunities.
This portfolio presents an attractive option for local and regional investors looking to expand their multifamily holdings with manageable, well-located assets in a growing Cincinnati submarket.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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 (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
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 $1,130,000
Price Per Unit $102,727
Sale Type Investment
Cap Rate 7.99%
Sale Conditions Bulk/Portfolio Sale
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 2,400 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1962/2024
Parking Ratio 2.5/1,000 SF

Unit Amenities

  • Heating
  • Hardwood Floors
  • Vinyl Flooring

Site Amenities

  • Storage Space
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $950.00 -
3+2 1 $2,200 -
  • Listing ID: 34240259

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 6603 Hasler Ln, Cincinnati, OH 45216

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