NOT LISTED FOR SALE

1055 Van Buren St Cincinnati, OH 45215

-- Bed
-- Bath
2,520 Sq Ft
5,009 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $121,500 $48 Per Sq Ft

8 Days on Market

About This Home

As of May 2021

1055 Van Buren is a value add 4-Unit, consisting of Two [2] 1 Bed | 1 Bath Units, and Two [2] 2 Bed | 1 Bath Units . Priced at a 8.93% Cap Rate on Actuals, with a 19.29% Cash-on-Cash Return (YR 1). This is a value add property with averages rents at $431, which puts them at $0.72 per sq ft. Tenants are responsible for Hot Water & Electric, and the Owner pays Heat & Water. Boiler is less than 10 years old, Roof 10 years old rubber membrane, and Windows are insulated vinyl.

Last Agent to Sell the Property

Brian Coyle

3CRE Commercial Real Estate License #2018002440 Listed on: 04/06/2021

Co-Listed By

Tryfon Christoforou

3CRE Residential Advisors, LLC License #2021003683

Last Buyer's Agent

Raj Garu

Fortune Vine Realty License #2020005665

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,596

Year Built

  • Built in 1930

Lot Details

  • 5,009 Sq Ft Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Membrane Roofing

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Insulated Windows

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Insurance Expense $527
  • Maintenance Expense $1,656
  • Other Expense $120
  • Water Sewer Expense $3,202
  • Gross Income $20,700
  • Net Operating Income $11,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,596

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Suburb: Lockland
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Cooling: Window Unit
  • Heating: Gas
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Lockland
  • Annual Assessment Amount: $1,583.38
  • Price Per Acre: 1056521.74
  • Year Built: 1930
  • Appliance Include: Refrigerator and Stove
  • Separate Air Condi: No
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Get on I-75 N from E 6th St. Follow I-75 N to GE Pkwy. Take exit 13 from I-75 N. Continue on GE Pkwy. Take Adams St to Van Buren St in Lincoln Heights
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Quad
  • Occupancy: At Closing
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 11514.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Vacancy: 1035
  • Gasand Electric: 1063
  • Heat Paid: Owner
  • Lease Information: MTM & Yearly Leases
  • Reciprocal Listing: No
  • School Name1: Call SD 513-563-5000
  • Semi Annual Taxes: $798.19
  • Water Paid: Owner
  • Basement: None
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 2520.00
  • Windows: Insulated, Vinyl
  • One Bedroom Rent: 477.00
  • One Bedroom Sq Ft: 550
  • One Bedroom Number of Units: 2
  • Two Bedroom Rent: 437.00
  • Two Bedroom Sq Ft: 650
  • Two Bedroom Units: 2

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 129000.00
  • Acres: 0.1150
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 4.00
  • Parking Spaces: 4
  • Parking: Lot, Private, Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 3202

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 1656.00

Fee Information

  • Taxes: 1583

Schools

  • District: Lockland City SD

Lot Info

  • Lot Dimensions: Of Record
  • Lot Size Sq Ft: 5009.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 20700.00
  • Other Expense: 120
  • Total Buildings: 1
  • Insurance: 527.00

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Off Market $121,500 -- --
05/28/2021 05/28/21 Sold $121,500 -5.8% $48 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $129,000 -- $51 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brian Coyle

    3CRE Commercial Real Estate

  • Tryfon Christoforou

    Seller Co-Listing Agent in 2021

    Tryfon Christoforou

    3CRE Residential Advisors, LLC

    (513) 600-6168

    1 in this area

    47 Total Sales

    Tryfon Christoforou
    Section Image

  • R

    Buyer's Agent in 2021

    Raj Garu

    Fortune Vine Realty

    Section Image
See All Agents

Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1695498

MLS of Greater Cincinnati (CincyMLS)
Ohio Hamilton County Cincinnati 45215

1055 Van Buren St, Cincinnati, OH

This home is located at 1055 Van Buren St, Cincinnati, OH 45215 since 06 April 2021. This property was built in 1930. 1055 Van Buren St is a home located in Hamilton County with nearby schools including Glendale Elementary School, Princeton Community Middle School, and Princeton High School.

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