This property is Off-Market

7008 Ohio Avenue
Cincinnati, OH 45236 ·

48 Units · Multifamily For Sale

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Ohio Avenue Apartments

Price N/A Property Sub-type Garden/Low-Rise
No. Units 48 Property Use Type Investment
Building Size 31,800 SF Year Built 1988
Property Type Multifamily APN / Parcel ID 602-0007-0355
Listing ID: 15434819 Date Created: 11/12/2007 Last Updated: 04/04/2008

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).

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

Research

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

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