4326 Hamilton Ave 15 Unit Apartment Building $1,495,000 ($99,667/Unit) 6.74% Cap Rate Cincinnati, OH 45223

Jennifer M. Donathan, Senior Investment Advisor of KW Commercial and Kyle Woodland of Reinvest Consultants, is pleased to present an excellent opportunity to acquire 15 units right at the epicenter of the urban renaissance of Northside. Located at the corner of Hamilton Avenue at Westmoreland one of the most desirable streets in Northside. The property is about 1 block from the heart of Northside’s entertainment and business district. The offering presents a solid investment opportunity with room to raise rents. Its strategic location in relation to its short distance to downtown Cincinnati, OTR and Clifton is what makes this property so desirable to renters, investors and community leaders. The apartments are situated among diverse housing including new construction luxury apartment housing and class "A" single family housing. This small community boasts an abundance of historic buildings. The property features spacious one bedroom units and 1 studio apartment with exposed brick walls, renovated kitchens, bathrooms, floors, newer windows and appliances and fixtures! The opportunity to a new owner lies in steadily increasing the rents to market. Modern & renovated units are in high demand among the abundant professionals that are employed nearby and want to be part of the urban movement.
Offering Overview-The offering consists of one 3 story building located at 4326 Hamilton Avenue in Cincinnati, Ohio. The building was built in 1971, comprised of 8010 sf and is situated at the corner of Westmoreland with .297 acres. The property offers rear parking and onsite laundry. Currently there is a central gas boiler system that provides the heat. Landlord pays heat, water and trash and tenants pay their own electric. 14 of the 15 units have been renovated, the building has newer windows, flat rubber roof which was recently coated. 100% Occupied.