3336 Boudinot AveCincinnati, OH 45211

For Sale
$1,250,000

17-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional multifamily investment property, located at 3336-3344 Boudinot Avenue in Cincinnati, Ohio, presents a compelling opportunity for discerning investors. The property consists of two buildings totaling 17 units, comprising one studio and sixteen one-bedroom apartments. Built in 1950, this established property boasts a strong current net operating income (NOI) of $97,246, translating to an attractive 7.78% capitalization rate. The asking price is $1,250,000, representing a price per unit of $73,529.41. Situated in the Westwood neighborhood of Cincinnati (zip code 45211), the property benefits from its proximity to a variety of local shops and restaurants, providing convenient amenities for residents. This well-positioned asset offers a solid foundation for immediate cash flow and potential future appreciation. The property's strong occupancy and consistent income stream make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable Cincinnati location. Don't miss out on this chance to secure a profitable investment.

Highlights

  • 17-unit multifamily property in Cincinnati, OH, generating $97,246 NOI.
  • Asking price: $1,250,000, 7.78% cap rate, $73,529 per unit.
  • Located in Westwood neighborhood (zip code 45211), near local amenities.
  • Consists of two buildings with one studio and sixteen one-bedroom units, built in 1950.

Property Details for 3336 Boudinot Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1950
Buildings
2
Units
17

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1478062
Longitude
-84.603176
3336 Boudinot Ave, Cincinnati, Ohio

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3336 Boudinot Ave
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