NOT LISTED FOR SALE

7211 Plainfield Rd Cincinnati, OH 45236

Studio
-- Bath
3,600 Sq Ft
6,316 Sq Ft

Last Sold December 04, 2020

Last sale price $401,000 $111 Per Sq Ft

8 Days on Market

Highlights

  • 4 Car Detached Garage
  • Coin Laundry
  • Heating System Uses Gas

About This Home

As of December 2020

We are proud to present an Immaculate 5-Unit Multifamily located in the Deer Park Submarket. The property consists of Two [2] 2BR|1BA, Two [2] 1BR|1BA, and One [1] Efficiency units. 7.56% Cap Rate on Actuals, & a 12.46% Cash-on-Cash Return. Each unit has separate utilities as landlord pays Heat/Water and tenants pay Electric. All of the units have been updated, see Cap X page in our marketing package. Value Add Opportunity by raising all rents up to market. Four Car Garage, and on-site laundry

Last Agent to Sell the Property

Brian Coyle

3CRE Commercial Real Estate License #2018002440 Listed on: 11/09/2020

Co-Listed By

Tryfon Christoforou

3CRE Residential Advisors, LLC License #2021003683

Last Buyer's Agent

Gregory Tassone

Coldwell Banker Realty License #0000435279

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1954

Lot Details

  • 6,316

Parking

  • 4 Car Detached Garage
  • 5 Open Parking Spaces
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Separate Meters

Community Details

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $1,250
  • Maintenance Expense $2,576
  • Water Sewer Expense $2,731
  • Gross Income $44,760
  • Net Operating Income $27,213

Property Details

Home Type

Condominium

Year Built

Built in 1954

Lot Details

6,316 Sq Ft Lot

Parking

4

Listing Details

  • Suburb: Deer Park
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Cooling: Window Unit
  • Heating: Gas, Electric
  • Suburb S I C: Deer Park
  • Price Per Acre: 2765517.24
  • Year Built: 1954
  • Appliance Include: Refrigerator, Stove, Thru Window AC Unit
  • Separate Air Condi: No
  • Separate Gas Elect: Yes
  • School 1 Type: District Phone
  • Directions: Take I-71 N till Exit 10 for Stewart Rd. Turn R onto Stewart Ave, Turn L on Montgomery Rd, then Turn L onto Plainfield Rd. Property is on the Left.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 5
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 27213.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Vacancy: 2217
  • Efficiency Sq Ft: 500
  • Gasand Electric: 2484
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • School Name1: Call SD 513-891-0222
  • Semi Annual Taxes: Of Record
  • Waste Removal: 384
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 3600.00
  • Windows: Insulated, Vinyl
  • One Bedroom Rent: 705.00
  • One Bedroom Sq Ft: 700
  • One Bedroom Number of Units: 2
  • Two Bedroom Rent: 862.00
  • Two Bedroom Sq Ft: 850
  • Two Bedroom Units: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 360000.00
  • Acres: 0.1450
  • New Construction: No

Garage/Parking

  • Garage: Detached, Rear
  • Garage Spaces: 4.00
  • Parking Spaces: 5
  • Parking: Garage, Off Street, Assigned, Driveway

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 2731

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 2576.00

Fee Information

  • Taxes: 5905

Schools

  • District: Deer Park Community

Lot Info

  • Lot Dimensions: Of Record
  • Lot Size Sq Ft: 6316.00

Multi Family

  • Efficiency Rent: 560.00
  • Efficiency Units: 1
  • Gross Income: 44760.00
  • Total Buildings: 1
  • Insurance: 1250.00
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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
03/04/2021 03/04/21 Off Market $401,000 -- --
12/04/2020 12/04/20 Sold $401,000 +11.4% $111 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $360,000 -- $100 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,938 $140,350 $10,080 $130,270
2024 $12,901 $140,350 $10,080 $130,270
2023 $12,500 $140,350 $10,080 $130,270
2022 $6,847 $70,396 $9,727 $60,669
2021 $6,829 $70,396 $9,727 $60,669
2020 $6,278 $70,396 $9,727 $60,669
2019 $5,905 $60,687 $8,386 $52,301
2018 $6,035 $60,687 $8,386 $52,301
2017 $5,847 $60,687 $8,386 $52,301
2016 $5,726 $57,498 $12,173 $45,325
2015 $5,317 $57,498 $12,173 $45,325
2014 $5,310 $57,498 $12,173 $45,325
2013 $5,609 $62,496 $13,230 $49,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1682456

MLS of Greater Cincinnati (CincyMLS)
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