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5132-5136 Montgomery Rd
Cincinnati, OH 45212 Norwood

$1,649,000 USD

Apartments For Sale • 15,000 SF

Property Details

Property Type Apartments
Total Building Size 15,000 SF
Lot Size 0.27 AC
Building Class C
Year Built 1929
Cap Rate 6.69 %

45 Transit Score

67 Walk Score

                
                    Highlights
                
                                Tenants pay 100% of heating costs directly to Duke Energy. Tenants pay, water, sewage, garbage, house gas and electricity. NO owner utility costs!!!
                            
                                Excellent central walkable LOCATION!
                            
                                Near ZERO exterior maintenance issues. Very little yard work. Masonry construction.
                            
                                Two brand NEW EPDM rubber ROOFS!!
                            
                                Original refinished hardwood floors! Easy turnovers!!
                            
                                Month to month leases currently below market with some long term tenancies.

Financial Summary (Actual)

Net Operating Income: $110,302 USD (2024)

Cap Rate:	6.69 %
Total Expenses:	$56,757 USD

Amenities

Courtyard
Laundry Facilities
Storage Space
Gas Range
Smoke Free
Tile Floors
Hardwood Floors
Tub/Shower
Basement
Double Pane Windows
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cincinnati Union Terminal (Cardinal - Amtrak)	16 min	-	9.7 mi
Airport	Drive	Walk	Distance
Cincinnati/Northern Kentucky International	38 min	-	21.2 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	12
Type:	Reserved
Included in Rent:	No

Ben Tallarigo 513-477-4111 Tallarigo Properties

5132-5136 Montgomery Rd Cincinnati, OH 45212 Norwood