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3840 Applegate Avenue
Cheviot, OH 45211
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
30 Unit Value-Add Mid-Rise Multifamily <p><strong>Strategic Unit Renovation Strategy: </strong>At Dina Towers, 20 units have been renovated and are achieving higher rents compared to the remaining 10 unrenovated units. Renovated 2 Bed / 1.5 Bath units are averaging approximately $150 more per month, 2 Bed / 2 Bath units are achieving about $95 more per month, and 3 Bed / 2 Bath units are commanding premiums of roughly $266 per month.</p><p></p><p><strong>Condoized Real Estate Tax Rate: </strong>Dina Towers was originally developed as
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
