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Harvey Avenue Apartments 3543-3549 Harvey Ave 33 Unit Apartment Building $2,095,000 ($63,485/Unit) 9.67% Cap Rate Cincinnati, OH 45229

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EXECUTIVE SUMMARY

Located in the vibrant Avondale neighborhood of Cincinnati, this renovated, multi-unit property offers a unique turnkey investment opportunity. This property has been extensively upgraded in the past year with a wide range of capital improvements. 26 of 33 units are fully renovated, setting the stage for continued growth and stability.
With only one unit currently CHMA and high occupancy rates, the property demonstrates a strong track record of tenant demand and reliable cash flow. The renovations - ranging from updated interiors to enhanced building systems - ensure that the property has been transformed to attract and retain high-quality tenants.
This investment offers immediate cash flow with minimal risk, enhanced by the neighborhood's ongoing development and proximity to major transportation routes and amenities, like the Cincinnati Zoo. The Avondale area continues to see growth, making this property an attractive option for long-term appreciation.

PROPERTY FACTS Under Contract

Price	$2,095,000	Building Class	C
Price Per Unit	$63,485	Lot Size	0.60 AC
Sale Type	Investment	Building Size	38,930 SF
Cap Rate	9.67%	Average Occupancy	94%
No. Units	33	No. Stories	4
Property Type	Multifamily	Year Built	1919
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid-Rise
Zoning	RM-1.2

Price	$2,095,000
Price Per Unit	$63,485
Sale Type	Investment
Cap Rate	9.67%
No. Units	33
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.60 AC
Building Size	38,930 SF
Average Occupancy	94%
No. Stories	4
Year Built	1919
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1.2