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Ranchvale Apartments 5473-5491 Beechmont Ave 82 Unit Apartment Building For Sale Cincinnati, OH 45230
Executive Summary
Deal Site for OM:
WWW.CBRE-RANCHVALE.COM
The Offering - The acquisition of Ranchvale provides investors with the compelling opportunity to own 82 units situated in the tranquil Mount Washington neighborhood of Cincinnati, Ohio. This property, with a history of strong occupancy, offers investors a steady stream of rental income and the ability to capitalize on the property’s promising value-add potential. The property offers the benefits of a quiet residential environment but remains in immediate proximity to Mt. Washington’s business corridor along Beechmont Avenue. Accessibility to Downtown Cincinnati is a straightforward 10-minute commute via Columbia Parkway and Beechmont Avenue, placing residents within easy reach of the city’s major employers, dining, entertainment, and cultural amenities.
WWW.CBRE-RANCHVALE.COM
The Offering - The acquisition of Ranchvale provides investors with the compelling opportunity to own 82 units situated in the tranquil Mount Washington neighborhood of Cincinnati, Ohio. This property, with a history of strong occupancy, offers investors a steady stream of rental income and the ability to capitalize on the property’s promising value-add potential. The property offers the benefits of a quiet residential environment but remains in immediate proximity to Mt. Washington’s business corridor along Beechmont Avenue. Accessibility to Downtown Cincinnati is a straightforward 10-minute commute via Columbia Parkway and Beechmont Avenue, placing residents within easy reach of the city’s major employers, dining, entertainment, and cultural amenities.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 82 | Lot Size | 2.09 AC |
| Property Type | Multifamily | Building Size | 92,240 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1972 |
| Zoning | RM12 | ||
| Sale Type | Investment |
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 92,240 SF |
| No. Stories | 5 |
| Year Built | 1972 |
| Zoning | RM12 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Oven
- Tub/Shower
- Carpet
- Intercom
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Elevator
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | 750 |
| 2+1 | 40 | - | 850 |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $922,989 | |
| Land Assessment | $172,200 | Total Assessment | $1,095,189 |
Property Taxes
Parcel Numbers
Land Assessment
$172,200
Improvements Assessment
$922,989
Total Assessment
$1,095,189
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