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Timbercrest Apartments 204 Highland St 31 Unit Apartment Building $4,250,000 ($137,097/Unit) 7.10% Cap Rate Loveland, OH 45140
Executive Summary
204 Highland Street is a 31-unit multifamily investment opportunity located in the highly
sought-after Loveland submarket, one of Greater Cincinnati's most desirable rental markets.
The property features an attractive unit mix of 26 one-bedroom and 5 two-bedroom
apartments, with 100% occupancy, providing immediate and stable cash flow for investors.
Recent capital improvements include new shingle roofs, minimizing future capital
expenditure reserves. Residents benefit from ample off-street parking with more than 70
spaces, while ownership benefits from tenant-paid electric baseboard heat and window-unit
air conditioning, reducing operating expenses. A RUBS program has also been implemented,
creating additional income and improving overall operating efficiency.
With strong in-place cash flow, a turnkey operation, and the rarity of multifamily
opportunities becoming available in Loveland, 204 Highland Street presents investors with an
exceptional opportunity to acquire a high-performing asset in one of Cincinnati's most coveted
submarkets.
sought-after Loveland submarket, one of Greater Cincinnati's most desirable rental markets.
The property features an attractive unit mix of 26 one-bedroom and 5 two-bedroom
apartments, with 100% occupancy, providing immediate and stable cash flow for investors.
Recent capital improvements include new shingle roofs, minimizing future capital
expenditure reserves. Residents benefit from ample off-street parking with more than 70
spaces, while ownership benefits from tenant-paid electric baseboard heat and window-unit
air conditioning, reducing operating expenses. A RUBS program has also been implemented,
creating additional income and improving overall operating efficiency.
With strong in-place cash flow, a turnkey operation, and the rarity of multifamily
opportunities becoming available in Loveland, 204 Highland Street presents investors with an
exceptional opportunity to acquire a high-performing asset in one of Cincinnati's most coveted
submarkets.
Property Facts
| Price | $4,250,000 | Building Class | B |
| Price Per Unit | $137,097 | Lot Size | 2.49 AC |
| Sale Type | Investment | Building Size | 23,787 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.98/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $4,250,000 |
| Price Per Unit | $137,097 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.49 AC |
| Building Size | 23,787 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.98/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
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Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 621-0003-0232 | Improvements Assessment | $450,268 |
| Land Assessment | $78,120 | Total Assessment | $528,388 |
Property Taxes
Parcel Number
621-0003-0232
Land Assessment
$78,120
Improvements Assessment
$450,268
Total Assessment
$528,388
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Timbercrest Apartments | 204 Highland St