This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1 Mulberry Ct
Cincinnati, OH 45215
Creekside · Multifamily Property For Sale
·
70 Units
PROPERTY FACTS
| No. Units | 70 | Lot Size | 2.93 AC |
| Property Type | Multifamily | Building Size | 58,765 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.87/1,000 SF |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.93 AC |
| Building Size | 58,765 SF |
| No. Stories | 4 |
| Year Built | 1970 |
| Parking Ratio | 1.87/1,000 SF |
ABOUT 1 MULBERRY CT , CINCINNATI, OH 45215
Capstone Apartment Partners is pleased to present Creekside Apartments: a 70-unit apartment community situated in the centrally-located Lockland neighborhood of Cincinnati, Ohio. Current ownership has made consistent capital improvements to cure deferred maintenance, while maintaining solid cash flow at the property. An incoming investor can build on this by substantially increasing current rents that lag the submarket by over $0.20/SF, or 30-35% on a gross rental rate basis, depending on the floor plan. Additionally, Creekside Apartments is centrally located within Cincinnati and has excellent access to local employment centers, neighborhood amenities, and all major interstates. Cincinnati is also one of the strongest multi-family markets in the Midwest, and has a diversified economy supported by consistent employment growth; which, in turn, has fostered strong demand and consistent rent growth for multi-family investors.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | $450.00 | 525 |
| 2+2 | 45 | $487.50 | 735 - 833 |
PROPERTY TAXES
| Parcel Number | 641-0005-0002 | Improvements Assessment | $368,844 |
| Land Assessment | $74,480 | Total Assessment | $443,324 |
PROPERTY TAXES
