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2857 Cypress Way
Cincinnati, OH 45212
Cypress Gardens Apartments · Multifamily Property For Sale
·
44 Units
PROPERTY FACTS
| No. Units | 44 | Building Size | 21,600 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 2.36 AC | ||
| Zoning | RMX, 403 | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.36 AC |
| Building Size | 21,600 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | RMX, 403 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Walk-Up
- Smoke Detector
ABOUT 2857 CYPRESS WAY , CINCINNATI, OH 45212
Capstone Apartment Partners is pleased to present Cypress Gardens Apartments, a 44-unit apartment community located in the burgeoning Pleasant Ridge neighborhood of Cincinnati, Ohio. Current ownership has made consistent capital improvements—including two new roofs installed in 2017—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 25%, or by $175–$250 on a gross rental rate (depending on the floor plan). Furthermore, Cypress Gardens Apartments is centrally located within Cincinnati and offers 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 | 38 | - | 450 |
| 2+1 | 6 | - | 750 |
PROPERTY TAXES
| Parcel Number | 121-0003-0022 | Improvements Assessment | $241,035 |
| Land Assessment | $183,260 | Total Assessment | $424,295 |
PROPERTY TAXES
