Historical Multifamily Sale Listing - Ohio Avenue Apartments

Multifamily For Sale

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Ohio Avenue Apartments

7008 Ohio Avenue, Cincinnati, OH 45236

N/A

48 Units | Multifamily

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Ohio Avenue Apartments

Multifamily Property - Off Market

Price:
N/A
No. Units:
48
Building Size:
31,800 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Year Built:
1988
APN / Parcel ID:
602-0007-0355
Listing ID
15434819
Last Updated
over 1 year ago

Highlights

  • Excellent value-add opportunity by improving occupancy, rents and submetering for water
  • Priced below sale comparables
  • Located within 1.5 miles of Kenwood Towne Center, Cincinnati's premier shopping destination
  • Resident paid heat and air
  • Excellent unit mix of one- and two-bedroom units
  • Rents are nearly 10% below market

Description

The Ohio Avenue Apartments feature an excellent mix of one- and two-bedroom units individually metered with resident paid heat and central air. Additionally, units feature individual hot water heaters and balconies (second- and third-level units). With rents nearly 10% below market, Ohio Avenue Apartments offer an excellent value-add oppotunity by improving occupancy, rents and submetering for water.

Built in 1988, the property features pitched shingle roofs and plenty of off-street parking. Laundry equipment is included in the sale.

Ohio Avenue Apartments may be purchased individually or as a pool or portfolio with the following properties:
Montgomery Gardens (17-units at 6500-6508 Montgomery Road, Cincinnati, Ohio); Hillcrest Arms (30-units at 24 North Street, Cincinnati, Ohio); Ibsen House (34-units at 3545 Ibsen Avenue, Cincinnati, Ohio); Montgomery/Bantry Apartments (28-units at 6447 Montgomery Road & 6609-6619 Bantry Avenue, Cincinnati, Ohio); Lincoln Court Apartments (48-units at 1701-1707 & 1729 Lincoln Court, Norwood, Ohio) and Madison Road Apartments (24-units at 2377-2381 Madison Road, Cincinnati, Ohio).

Ohio Avenue Apartments are located just 1.67 miles from Kenwood Towne Center, Cincinnati's premier shopping destination. Popular retailers and restaurants include: Macy's, Nordstroms, Pottery Barn, Cheesecake Factory, Maggiano's, and many others. Additionally, residents have easy access to Interstate 71 via Stewart Road (1.10 miles from the property).

Map of 7008 Ohio Avenue, Cincinnati, OH 45236 (Hamilton County)

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