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2600-2604 Melrose Ave 6 Unit Apartment Building $545,000 ($90,833/Unit) Cincinnati, OH 45212
Investment Highlights
- Two, adjoining triplex apartment buildings in East Walnut Hills
- One mile from University of Cincinnati and two miles from Xavier University on a city bus stop
- Walking distance to restaurants, bars, retail, banks, Library and so much more
- The properties are side-by-side making maintenance and management efficient
Executive Summary
Two, adjoining triplex apartment buildings situated on the corner of Melrose Ave and William Howard Taft. Incredible location in East Walnut Hills with numerous amenities in walking distance: Restaurants, bars, retail. One mile from University of Cincinnati and two miles from Xaivier University. Located on a city bus stop. The properties are side-by-side making maintenance and management efficient. East Walnut Hills has experienced a renaissance in the last several years due to its convenient location, architecture and diverse population. Tens of Millions of dollars has been invested over the last few years with no end in sight. Now is the time to invest before values rise! 2600 Melrose is completely renovated and ready to be leased. One Tenant resides in third floor apartment, and the other two units are being left vacant for showings. Both vacant units were previously rented at market rate. 2004 Melrose is a shell building ready for new Buyers finishes (keep the upside!).
Property Facts Under Contract
| Price | $545,000 | Building Class | C |
| Price Per Unit | $90,833 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,534 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | ||
| Zoning | T5N.SS-O | ||
| Price | $545,000 |
| Price Per Unit | $90,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,534 SF |
| No. Stories | 3 |
| Year Built | 1914 |
| Zoning | T5N.SS-O |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $100,976 | |
| Land Assessment | $48,048 | Total Assessment | $149,024 |
Property Taxes
Parcel Numbers
Land Assessment
$48,048
Improvements Assessment
$100,976
Total Assessment
$149,024
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2600-2604 Melrose Ave
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