Historical Multifamily Sale Listing - LITTLE FLOWER APARTMENTS

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Cincinnati, OH or Ohio

LITTLE FLOWER APARTMENTS

2735 Hillvista Lane, Cincinnati, OH 45224

N/A

99 Units | Multifamily

  • Print

Multifamily Property - Off Market

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

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

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.

Map of 2735 Hillvista Lane, Cincinnati, OH 45224

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

  • Demographics – Population, income & other demographics near 2735 Hillvista Lane
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building
Created 5/28/2009