Archive: LIVE WEBCAST REAL ESTATE AUCTION
Conducted: December 8, 2016 12:01 PM
Location: Auction Location:
278 N. Third St.
Williamsburg, OH 45176

Property Location:
559 Elberon Ave.
Cincinnati (Price Hill), OH 45205

Highlights:

12 UNIT MULTI-FAMILY APARTMENT BUILDING
NO REQUIRED STARTING BID

Notes:
PLEASE CLICK HERE TO REGISTER AND BID www.AssetIQllc.com
Note: This auction will be conducted through our partner company’s website.

This exciting offering is a 12 unit, fully rented, brick masonry apartment complex located in the East Price Hill area of Cincinnati. The building contains (6) single bedroom units and (6) two bedroom units. Each unit comes with a stove, refrigerator, and small storage locker. Each unit also has a private balcony. The building is heated by hot water boiler and cooled by thru wall A/C units in each apartment.

According to ownership, the property is generating approximately $6,200 per month with ownership paying for heat and water. Each unit has its own electric meter. 2013, 2014, & 2015 Operating Statements have been furnished by ownership and are available for viewing at the links below.

The building has coin op washers and dryers that belong to a third party vendor which pays ownership a percentage of the income each month. There is also a 2 car detached garage on the property which has previously been rented for $1500 per month, but is currently being used by ownership for storage.

The property is zoned RM-2.0. According to the City of Cincinnati Zoning website, this zoning subdistrict is intended to provide for a medium density mix of residential housing predominantly duplexes and multi-family on lots that have already been platted. The scale of buildings is generally similar to a large single-family home on a small lot. Where land is assembled, the same scale should be maintained. The minimum land area for every dwelling unit is 2,000 square feet. Copies of the RM zoning codes are available for download on our website at www.SempleSells.com.

According to the Hamilton County Auditor, the property has an annual real estate tax of approximately $7,370.00. The property is identified as PID # 1760021003400.

HIGHEST BID WILL BE PUT ON CONTRACT
NO REQUIRED STARTING BID

Interior inspection will be December 5 (11AM - 1PM)

Property Disclosure

2015 Operating Statement

2014 Operating Statement

2013 Operating Statement

Zoning

PROPERTY INFORMATION PACKET


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