6203 Grand Vista Ave
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6203 Grand Vista Ave
2 Unit Apartment Building Offered at $385,000 at a 5.50% Cap Rate in Cincinnati, OH 45213
EXECUTIVE SUMMARY
Don't miss this opportunity to own a fantastic cash flow positive two family building right in the heart of the best kept secret in Cincinnati, Pleasant Ridge. This beautiful building boasts two spacious 1300 s.f. two bedroom, one bath apartments, hardwood floors throughout, washer/dryer hook ups and storage units for each unit in the basement. Off street parking including a detached garage space for each unit. The building is perfectly situated at the corner of Montgomery Road on historic and beautiful Grand Vista Avenue, next to the Pleasant Ridge library and a short walk to all the great new restaurants and bars in Pleasant Ridge. Tenants pay gas and electric, owner pays water. No pets or smoking are permitted. 100% leased with long-term tenants. $27,000 of annual gross revenue, $21,000 EBITDA.
PROPERTY FACTS
| Price | $385,000 | Property Type | Multifamily |
| Price Per Unit | $192,500 | Building Size | 2,600 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.50% | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1923 |
| No. Units | 2 | Parking Ratio | 0.77/1,000 SF |
| Price | $385,000 |
| Price Per Unit | $192,500 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.77/1,000 SF |
UNIT AMENITIES
- Balcony
- Dishwasher
- Fireplace
- Heating
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Oven
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 124-0004-0019 | Improvements Assessment | $92,029 |
| Land Assessment | $27,286 | Total Assessment | $119,315 |
PROPERTY TAXES
Parcel Number
124-0004-0019
Land Assessment
$27,286
Improvements Assessment
$92,029
Total Assessment
$119,315
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Presented by
Matthew Whitlow
6203 Grand Vista Ave
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