Building Details

Year Built 1881

Listing Agency: Di Lusso Real Estate

Listed By: Fisal Ikhmayes, RAMI IKHMAYES · License #2024003271 Show Phone

Source: Dreamcolumbus

Added: Mar 27 Changed: Oct 6 Last Checked: Oct 5 at 10:49PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Di Lusso Real Estate

Investment Insights

Based on property information with market context.

Located at 27 E New Haven St, Bloomville, OH 44818, this multi-family building presents a lucrative investment opportunity. The property is fully leased and turnkey, featuring five one-bedroom, one-bath units, all of which are currently occupied. This ensures a steady cash flow, supported by a cap rate of 10.4%. The building encompasses 4,012 square feet and is situated on a 5,655 square foot lot. This property offers a blend of space and income potential.

Key Highlights

• Fully leased, turnkey multi‑family property with five one‑bedroom, one‑bath units.
• Impressive 10.4% cap rate ensures a steady cash flow.
• Building size of 4,012 sqft offers substantial space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,182

Cap Rate

8.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$623,640 $623.6K

Cap Rate 7%

$445,457 $445.5K

Cap Rate 9%

$346,467 $346.5K

Market Conditions

NOI Build-Up for 4,012 SF

Gross rent

$61.6K $15.36/SF

− Vacancy

−$4.9K −$1.23/SF

EGI

$56.7K $14.13/SF

− OpEx

−$25.5K −$6.36/SF

NOI

$31.2K $7.77/SF

Area

Seneca County, OH

Vacancy

8.00%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$623,640

Cap Rate 7%

$445,457

Cap Rate 9%

$346,467

Alternative Uses

Best Use

Apartment 5plus

$445.5K

$389.8K – $519.7K (±1% cap)

NOI $31,182 @ 7.0% cap · market cap 8.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$850.7K

$744.4K – $992.5K (±1% cap)

NOI $59,552 @ 7.0% cap · market cap 15.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Auto Parts Store Garden Center Big Box & Wholesale Store Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Explore this area Business Placement

Demographics for 44818, OH

2,399

Population

837

Households

2.9

Avg Household Size

44

Median Age

14%

College-Educated

93%

High-School Grad

75.3 sq mi

ZIP Area

32

Density / Sq Mi

$64,792

Median Household Income

$43,060

Median Earnings

$788

Median Rent

$139,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Turnkey multifamily property with five units and a 10.4% cap rate.

Where is this apartment building located?

The property is located at 27 E New Haven St Bloomville, OH.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Fully leased, turnkey multi‑family property with five one‑bedroom, one‑bath units.; Impressive 10.4% cap rate ensures a steady cash flow.; Building size of 4,012 sqft offers substantial space.