5208 Globe Ave
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5208 Globe Ave
3 Unit Block of Flats £195,534 (£65,178/Unit) 6.39% Net Initial Yield Cincinnati, OH 45212
Investment Highlights
- Triplex - ARV of $300,000+
- Desirable Norwood location
- Part of a portfolio of 5 buildings / 12 units, can be sold separately or together
- Value add opportunity - below market rents
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£18,309
|
£11.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£18,309
|
£11.89
|
| Taxes |
£961
|
£0.62
|
| Operating Expenses |
£4,849
|
£3.15
|
| Total Expenses |
£5,810
|
£3.77
|
| Net Operating Income |
£12,500
|
£8.12
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £18,309 |
| Annual Per SF | £11.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £18,309 |
| Annual Per SF | £11.89 |
| Taxes | |
|---|---|
| Annual | £961 |
| Annual Per SF | £0.62 |
| Operating Expenses | |
|---|---|
| Annual | £4,849 |
| Annual Per SF | £3.15 |
| Total Expenses | |
|---|---|
| Annual | £5,810 |
| Annual Per SF | £3.77 |
| Net Operating Income | |
|---|---|
| Annual | £12,500 |
| Annual Per SF | £8.12 |
Property Facts
| Price | £195,534 | Building Class | C |
| Price Per Unit | £65,178 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,540 SF |
| Net Initial Yield | 6.39% | Average Occupancy | 100% |
| No. Units | 3 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1918 |
| Property Subtype | Apartment |
| Price | £195,534 |
| Price Per Unit | £65,178 |
| Sale Type | Investment |
| Net Initial Yield | 6.39% |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,540 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1918 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 3 | £508.59 | 23,400 |
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PROPERTY TAXES
| Parcel Number | 651-0008-0017 | Total Assessment | £30,763 |
| Land Assessment | £6,334 | Annual Taxes | £961 (£0.62/sf) |
| Improvements Assessment | £24,429 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
651-0008-0017
Land Assessment
£6,334
Improvements Assessment
£24,429
Total Assessment
£30,763
Annual Taxes
£961 (£0.62/sf)
Tax Year
2023
zoning
| Zoning Code | R1 (Intended to create low-density residential neighborhoods.) |
| R1 (Intended to create low-density residential neighborhoods.) |
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5208 Globe Ave
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