Property details

Cincinnati Apartment Building For Sale, Great Lakes - Big Rivers Region

Property Description

Cincinnati Apartment Building For Sale

Brick complex in excellent condition

Assumable non-recourse loan assumption with 6 more years to go at 6.25 interest rate.

Loan must be assumed (1% assumption fee)

Complex is in super condition and in a great location with little vacancy and is a loan assumption

Annual Rental Income (NOI): $425,146

Images

Request property package

Highlights

Status:
Available
Price:
$4,390,000
Cap Rate:
9.50%
Annual Rent:
$425,146
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
110
Year Built:
1974
Land Area:
6.60 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

Interest rate:
6.34%
Amortized over:
0 years
Due in:
6 years
Annual Debt Service Pmts:
$278,022
Annual Cash Flow:
$147,124
Cash on Cash Return:
23.02%

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.