2334 W Clifton Ave
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2334 W Clifton Ave
4,871 SF Speciality Building Offered at £354,465 at a 5.58% Net Initial Yield in Cincinnati, OH 45219
Investment Highlights
- proximity to UC, downtown and hospitals
- Property includes a rare/coveted large parking garage for minimum 4 vehicles
- Highly desirable studios and one bedrooms - easy to rent
Executive Summary
Fully-rented, income-producing rental property in ideal proximity to UC, downtown and hospitals! Highly desirable studios and one bedrooms - easy to rent. Property includes a rare/coveted large parking garage, providing covered/off-street parking for tenants. Garage fits 4 to 6 vehicles. All units have been renovated by current owner - all units in great condition. Very well-maintained property. Produces $46,000+ gross (approx. $25,000 net) annually. The perfect investment opportunity you've been waiting for! Can be sold individually or as a package with 258 Warner St. & 2162 Stratford Ave.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£36,486
|
£7.49
|
| Other Income |
£592
|
£0.12
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£37,079
|
£7.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£17,304
|
£3.55
|
| Net Operating Income |
£19,774
|
£4.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £36,486 |
| Annual Per SF | £7.49 |
| Other Income | |
|---|---|
| Annual | £592 |
| Annual Per SF | £0.12 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £37,079 |
| Annual Per SF | £7.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £17,304 |
| Annual Per SF | £3.55 |
| Net Operating Income | |
|---|---|
| Annual | £19,774 |
| Annual Per SF | £4.06 |
Property Facts Under Contract
| Price | £354,465 | Building Class | C |
| Price Per SF | £73 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 4,871 SF |
| Net Initial Yield | 5.58% | Number of Floors | 3 |
| Sale Conditions | Portfolio Sale | Year Built/Renovated | 1967/2012 |
| Property Type | Speciality | Parking Ratio | 0.82/1,000 SF |
| Property Subtype | Parking Garage |
| Price | £354,465 |
| Price Per SF | £73 |
| Sale Type | Investment |
| Net Initial Yield | 5.58% |
| Sale Conditions | Portfolio Sale |
| Property Type | Speciality |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,871 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1967/2012 |
| Parking Ratio | 0.82/1,000 SF |
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Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 100-0002-0324 | Improvements Assessment | £39,152 |
| Land Assessment | £6,490 | Total Assessment | £45,642 |
PROPERTY TAXES
Parcel Number
100-0002-0324
Land Assessment
£6,490
Improvements Assessment
£39,152
Total Assessment
£45,642
zoning
| Zoning Code | RMX (Designed to encourage a blend of residential, commercial, and sometimes light industrial uses within the same area.) |
| RMX (Designed to encourage a blend of residential, commercial, and sometimes light industrial uses within the same area.) |
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2334 W Clifton Ave
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