3127 3128 Worthington Avenue 3216 3224 3246 Gobel Ave
Cincinnati, OH 45211
13.82% CAP- Plus Value Add Opportunity · Multifamily Property For Sale · 20 Units

Jennifer Donathan, Senior Investment Advisor of KW Commercial is pleased to present for sale Worthington Apartments. The property consists of 5 contiguous brick four family buildings located at 3127 and 3128 Worthington Avenue, 3216, 3224, 3246 Gobel Avenue in Westwood a suburb of Cincinnati. Each building has four two bedroom / one bath units with 4 car garages. The property is 85% occupied. The heat is paid for by the owner and is provided by gas boilers, there is one boiler in each building. Tenants pay for electric which is separately metered and for cooking gas which is also separately metered. Air conditioning is provided in each unit by through the wall A/C units and the electric is paid by the tenant. All of the units feature hardwood floors. The property has recently been extensively rehabbed which was completed in 2018. New tenants underwent a thorough application process through a professional management company. Some of the extensive renovations include roofs, gutters, some windows, landscaping, regrading, concrete stair repairs, new garage doors and openers, outdoor lighting, front entry doors, brick tuck pointing, all new appliances, new light fixtures throughout, refinishing hardwood floors, new kitchen and bath floors, new plumbing fixtures, new kitchen cabinets and counter tops, new paint, hardware, blinds and service four boilers and replaced one boiler. The property is ready for a new owner to take over.