Multifamily Housing - For Sale
5207 Montgomery Road Cincinnati, OH 45212
Details & Description
Price: $765,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.503
  • Building Sq Ft 9,978
  • Building Price per Sq Ft $76.67
  • Land Sq Ft 21,910
  • Land Price per Sq Ft $34.92
The 3CRE team is proud to present the Montgomery Road Portfolio - a 17 Unit investment portfolio opportunity. This portfolio consists of three properties all adjacent to one another. Two [4-Unit] Buildings, and One [9-Unit] building. The portfolio consists of all market rent tenants, and no subsidized tenants.5207 Montgomery Road is a 4-Unit building which consists of Four [4] 1 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. The Roof was fully replaced in 2019, see Capital Improvements list in the package for more information. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these One Bedroom units are under market value and can be increased up to market rent.5210 Montgomery Road is a 9-Unit building which consists of Nine [9] Efficiency units. All utilities are paid for by the landlord on this building. This building has insulated vinyl windows, a boiler system that was installed in 2013 and is serviced yearly, and the Roof was replaced in 2019. Each unit has had upgrades done in both the Kitchens & Bathrooms. Some of those upgrades would include kitchen cabinets, flooring, countertops, bathtub reglazing, and bathroom vanities. There is a value add opportunity here to push Electric & Gas onto the tenants as each unit is separately metered and bump rents up to market. The basement has room to also add on-site laundry for tenants to use and provide additional income.5211 Montgomery Road is a 4-Unit building which consists of Four [4] 2 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these Two Bedroom units are under market value and can be increased up to market rent.
Additional Photos
Listing Agents
Tryfon Christoforou

O: 513-490-6881
tryf@3cre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

5207 Montgomery Road

Cincinnati, OH 45212

Listing ID: 200150
$765,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.503
  • Building Sq Ft 9,978
  • Building Price per Sq Ft $76.67
  • Land Sq Ft 21,910
  • Land Price per Sq Ft $34.92
  • 5207 Montgomery Road Cincinnati, OH 45212 | for Sale | Photo 1
  • 5207 Montgomery Road Cincinnati, OH 45212 | for Sale | Photo 2
  • 5207 Montgomery Road Cincinnati, OH 45212 | for Sale | Photo 3
  • 5207 Montgomery Road Cincinnati, OH 45212 | for Sale | Photo 4
5207 Montgomery Road | for Sale | Thumbnail 1
5207 Montgomery Road | for Sale | Thumbnail 2
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Description

The 3CRE team is proud to present the Montgomery Road Portfolio - a 17 Unit investment portfolio opportunity. This portfolio consists of three properties all adjacent to one another. Two [4-Unit] Buildings, and One [9-Unit] building. The portfolio consists of all market rent tenants, and no subsidized tenants.

5207 Montgomery Road is a 4-Unit building which consists of Four [4] 1 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. The Roof was fully replaced in 2019, see Capital Improvements list in the package for more information. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these One Bedroom units are under market value and can be increased up to market rent.

5210 Montgomery Road is a 9-Unit building which consists of Nine [9] Efficiency units. All utilities are paid for by the landlord on this building. This building has insulated vinyl windows, a boiler system that was installed in 2013 and is serviced yearly, and the Roof was replaced in 2019. Each unit has had upgrades done in both the Kitchens & Bathrooms. Some of those upgrades would include kitchen cabinets, flooring, countertops, bathtub reglazing, and bathroom vanities. There is a value add opportunity here to push Electric & Gas onto the tenants as each unit is separately metered and bump rents up to market. The basement has room to also add on-site laundry for tenants to use and provide additional income.

5211 Montgomery Road is a 4-Unit building which consists of Four [4] 2 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these Two Bedroom units are under market value and can be increased up to market rent.

Points of Interest & Demographic Radii
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Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Cincinnati History of Multifamily Housing for Sale

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Cincinnati Area Market Trends

Listing Demographics for 5207 Montgomery Road Cincinnati, OH 45212

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population16,777118,273278,300
Population Median Age393837
Population by Age0-9 Yrs1784 (10%)13884 (11%)32458 (11%)
10-19 Yrs1741 (10%)13199 (11%)34647 (12%)
20-29 Yrs2961 (17%)21513 (18%)53294 (19%)
30-39 Yrs2358 (14%)17347 (14%)38328 (13%)
40-49 Yrs2238 (13%)13692 (11%)30343 (10%)
50-59 Yrs2189 (13%)13581 (11%)33080 (11%)
60-69 Yrs2090 (12%)13860 (11%)30940 (11%)
70+ Yrs1415 (8%)11198 (9%)25211 (9%)
Median HH Income$40,243$49,982$50,689
Total Household Income< 24K2073 (26%)14939 (27%)33445 (27%)
25-49K2656 (33%)12265 (22%)27416 (22%)
50-74K1289 (16%)8931 (16%)19796 (16%)
75-99K768 (9%)5782 (10%)12758 (10%)
100-199K977 (12%)9299 (17%)21414 (17%)
200K+171 (2%)3180 (5%)8188 (6%)
Highest Education LevelNo Diploma1516883218119
Diploma or GED37921884843221
Some College23901519333470
Assoc. Degree1085606013441
Bachelors Degree22201910244799
Higher Degree11281427633411
Total Housing Units8,96862,055139,243
--Owner-Occupied3,60024,96359,308
--Renter-Occupied4,33429,43363,709
Owner-Occupied Values< 100K1451665414457
100-199K1603831721705
200-299K47147059352
300-399K3322215177
400-499K1811122942
500K+2419545674
Total Working Age Population13,78696,764228,099
In Work Force9,34765,129151,753
Not In Work Force4,43931,63576,346
Workforce Employed8,83661,599143,082
Workforce Unemployed5113,4908,588
Civlian Workforce9,34765,090151,670
Military Workforce03983
Total Households7,93354,396123,017
Family Households3,77625,42860,184
Non-Family Households4,15828,96762,833
Married Couple2,12915,26938,098
Other Family1,64710,16022,086
Married w/Child6395,79214,331
Single Male w/Child737931,914
Single Female w/Child7564,3439,768

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Kentucky4,041,769+74,339,367+44,533,464+44,726,382
Campbell County88,616+290,336+392,898+193,473
Ohio11,353,140+211,536,504011,574,870011,615,100
Hamilton County845,303-5802,374-1790,600-1785,900

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Cincinnati Northern Kentucky International Airport (CVG) 14
James M Cox Dayton International Airport (DAY) 52
Blue Grass Airport (LEX) 79
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