This Multifamily Property is Off-Market.

2735 Hillvista Lane
Cincinnati, OH 45224 ·

99 Units · Multifamily For Sale

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LITTLE FLOWER APARTMENTS

Price N/A Cap Rate 10.95%
No. Units 99 Gross Rent Multiplier 2.61
Building Size 1,000 SF Occupancy 91%
Property Type Multifamily Year Built 1961
Property Sub-type Garden/Low-Rise Lot Size 5.87 AC
Property Use Type Investment
Listing ID: 16254650 Date Created: 05/28/2009 Last Updated: 12/22/2011

Description

Chuck Ciolino of Sperry Van Ness is pleased to present Little Flower Apartments, a well built 99 unit apartment complex with the opportunity to upgrade and increase rents. This is a textbook real estate play that needs an infusion of cash, rehab, and strong ongoing management.

Central location with easy access to I-74/I-75. Just minutes by car or bus to the mega-employment centers of the University of Cincinnati and 9 major Hospitals. The buildings surround a private cul-de-sac in a quaint neighborhood of well maintained single family houses. Mt. Airy is near Mt. Airy Forest, Cincinnati's largest park, which provides almost 1,500 acres for sports, relaxation, reflection, exercise and general enjoyment. With easy access to the shopping, restaurants, stadiums and cultural venues of downtown and the nature trail and picnic areas of Mt. Airy Forest, Mt. Airy truly offers the perfect blend of urban convenience and suburban living.

Highlights

  • Value Add 99 Unit Apartment Opportunity 10.95% Cap
  • Well Built Brick Buildings with Concrete Floors
  • Central Location, On the Busline, $68,000 HHI
  • Owner is Retiring and Wants a Quick Sale
  • Only $14,000 per Unit | Appraised $1.71M in 2008

Research

2735 Hillvista Lane, Cincinnati, OH 45224 (Hamilton County)

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