3068 Sidney Ave - Apartments FOR SALE


Cincinnati, OH 45225- Queensgate
$335,000 USD
513-477-4111
3068 Sidney Ave, Cincinnati, OH for Sale
$335,000 USD
Apartments - FOR SALE
1/4
null | 7% Cap Rate

3068 Sidney Ave
Cincinnati, OH 45225
Queensgate


HIGHLIGHTS

  • Development Opportunity.
  • Great location near U.C., hospitals, Clifton Gaslight area and interstates.
  • Historically low vacancies. Great tenant base.
  • Very low maintenance required. Individual gas forced air furnaces.
  • Off street parking.
  • Next door to the community center.

OVERVIEW

** SELLER FINANCING AVAILABLE ** Seller financing is available with 30% down, 6% interest, a 5-year term, and amortization over 30 years. Renovated in 2005 with new windows, kitchens, and bathrooms. Refinished original floors and very large rooms with tall ceilings create nice character. Solid masonry, no settlement issues. 3-unit building INCLUDING an adjoining parcel with an additional market value of $85,000. Currently, on the additional parcel, there is a two-story barn that could be rented for an additional $5000 per year in income. Refinished original floors in each apartment. Large rooms with tall ceilings. Unit #1 - 1 Bed/1 Ba. with private front and back porch with fenced back yard. Unit #2 - 2 Bed/1 Ba. Unit #3 - 2 Bed/1 Ba. Great location located within walking distance to the University of Cincinnati, hospitals, the Clifton gaslight business district, downtown Cincinnati and interstates 75 and 74. There is a large basement with laundry equipment and storage. Off street parking for 6 cars

FOR SALE DETAILS

PRICE

$335,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

3

PRICE/UNIT

$111,667

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1891

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

SF2

APN/PARCEL ID

189-0023-0062,189-0023-0063

ASK ABOUT THIS PROPERTY

Ben TallarigoTallarigo PropertiesMore Info
513-477-4111

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Ben TallarigoTallarigo PropertiesMore Info
513-477-4111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.