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422 W McMicken Ave 5 Unit Apartment Building $305,000 ($61,000/Unit) Cincinnati, OH 45214
Investment Highlights
- Off-street parking on the additional acreage (18'x100')
- Historic designation with tax credits and abatements
- Growing OTR neighborhood
- Walkable to abundant amenities
- Shell ready for redevelopment
- Close to bus and streetcar stops
Executive Summary
Development opportunity on quickly growing throughfare in OTR. 3 story shell is stable and ready for redevelopment. Take advantage of historic tax credits and abatements available to developers in excellent rental market. Listing includes the additional acreage being sold with the property for off street parking. Developers are heavily investing in this area of OTR. Walkable to stadiums, bars, restaurants, shopping and more.
Property Facts
| Price | $305,000 | Apartment Style | Low-Rise |
| Price Per Unit | $61,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,038 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1889 |
| Property Subtype | Apartment | ||
| Zoning | RM-0.7 - Retail/Residential | ||
| Price | $305,000 |
| Price Per Unit | $61,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,038 SF |
| No. Stories | 3 |
| Year Built | 1889 |
| Zoning | RM-0.7 - Retail/Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 096-0003-0056 | Improvements Assessment | $47,268 |
| Land Assessment | $5,233 | Total Assessment | $52,501 |
Property Taxes
Parcel Number
096-0003-0056
Land Assessment
$5,233
Improvements Assessment
$47,268
Total Assessment
$52,501
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Contact the Sale Advisor
422 W McMicken Ave