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 Largest Event Center in Metro Cincinnati

  • Espacio Comercial
    14500 square_feet
    bedroom 0 habitaciones
    bathroom 0 Baños
  • Venta y Renta
    estado : disponible
    Año de construcción : 1964
Welcome to The Red Carpet! We are Greater Cincinnati's largest and most popular Event Center. Historically it has been a fixture in the area in which we serve and has been a staple of Entertainment for the largely African-American scene. That being said, our event center is a culturally diverse facility that has hosted some of Cincy's hottest cultural events and affairs. We have hosted Weddings, Parties, Concerts featuring well-known National as well as local acts, political affairs, community forums and much more. With a flair for elegance, we have truly put on some "Red Carpet" style events, but we have also catered to the more casual crowd. Whatever your tastes are, give us a call and let us give you a quote for your event. I'm sure that once you see our facility and meet our staff, that you will LOVE it!
 Rehab Work Needed
  • Appliances
  • Bathroom
  • Kitchen
  • Light Fixtures
 Servicios generales
Mapa de localización
Galería de imágenes


visión de conjunto
Largest Event Center in Metro Cincinnati Venta y Renta
Property ID: OH20078887
dirección: Login to View
ciudad: Cincinnati
Estado / Provincia: OH
Código Postal: 45231
país: USA

Rental Analysis

+ Purchase Price: $350,000
+ Purchase Closing Cost: $10,500
+ Rehab Cost: $1,500
Total Acquisition Cost: $362,000

+ Annual Potential Rent: $24,000
- Vacancy (50%): $12,000
Annual Gross Income: $12,000
Annual Gross ROI: 3.31%

+ Property Taxes: $2,500
+ Insurance (6 Months): $5,000
+ HOA Fees: $1
+ Miscellaneous Expenses: $1
Total Annual Expenses: $7,502

Monthly Rent: $2,000
Monthly Net Cash Flow: $375
Net Operating Income: $4,498
CAP Rate: 1.24%

Flip Analysis

+ Purchase Price: $350,000
+ Purchase Closing Cost: $10,500
+ Rehab Cost: $10,000
Total Acquisition Cost: $370,500

+ Selling closing cost: $12,750
+ Agent Commision : $12,750
+ Insurance (6 Months) : $500
+ Utilities (6 Months): $1,000
+ Miscellaneous Expenses: $500
Total Holding Cost: $27,500

Total Flip Cost: $398,000
Projected ARV: $425,000
Net Income (Profit): $27,000
CAP Rate: 6.78%


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