Open House Tue, Apr 13th 08:00 PM - 08:00 PM - Just Listed
Address
114 Elm Lockland, OH
Price
$ 80,000
Property Attributes
  • MLS#1695795
  • TypeMulti-Family
  • CountyHAMILTON
  • CityLockland
  • AreaLockland
  • NeighborhoodLockland
  • Zip45215
  • StyleMulti Fam 2-4 units
  • Year Built1915
  • Taxes508
  • Price$ 80,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2212
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Brian Coyle with 3CRE Advisors, LLC - 513-745-9333
Data Source:
MLS of Greater Cincinnati, Inc.
Property Description

114-116 Elm Street is a value add 2-Unit, consisting of Two [2] 2 Bed | 1.5 Bath Units. Priced at a 8.47% Cap Rate at 100% Occupancy, with a 17.00% Cash-on-Cash Return (YR 1). This is a value add property with averages rents at $525, which puts them at $0.47 per sq ft. Tenants are responsible for Electric, and the Owner pays Water, Gas, and Trash. Individual wall mounted gas heating, Roof Shingle 15+ years old, and Windows are insulated vinyl.

Price History
4/8/2021 Listed $80,000

General Features

Auction No
City Lockland
Close Price 0.0
Construction Materials Wood Siding
Cooling Window Unit
County Hamilton
Days on Market 1
Directions Get on I-75 N from E 6th St. Follow I-75 N to E Galbraith Rd. Take exit 10B from I-75 N. Continue on E Galbraith Rd. Take Anthony Wayne Ave and S Wayn
Garage None
Garage Spaces 0.0
Gas Y/N Natural
Grossincome 12600.0
Heating Gas
High School District Lockland City SD
Insuranceexpense 339.0
Levels Two
MLS Area Hamilton-E03
Maintenanceexpense 1088.0
Netoperatingincome 8044.0
New Construction Yes
Occupancy At Closing
Parking Features Onstreet
Price Per Square Foot 0.0
Property Description Duplex
Property SubType Multi Fam 2-4 units
Property Type MultiFamily
Roof Shingle
Sewer Public Sewer
Status Active
Street Name Elm
Suburb Lockland
Unit 1 Rent 525.0
Unit 2 Rent 525.0
Unit 3 Rent 0.0
Unit 4 Rent 0.0
Vacancy 630
Water Sewer Expense 1996
Year Built 1915

Interior Features

Applianceinclude Refrigerator and Stove
Basement Partial
Fireplace Features None
Living Area 2212.0
Unit 1 Full Baths 1
Unit 1 Rooms 5
Unit 2 Full Baths 1
Unit 2 Rooms 5
Unit1bedrooms 1
Unit1partbaths 1
Unit2bedrooms 1
Unit2partbath 1
Window Features Insulated, Vinyl

Exterior Features

Foundation Details Poured
Lot Dimensions Of Record
Lot Size Acres 0.09
Lot Size Square Feet 4008.0
Lot Size Units Acres
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 45215

Price
AVG $140K
$80K
Taxes
AVG $1,780
$508
Visits
AVG 16
9
Year Built
AVG 1924
1915

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