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Gholson Apartments 694 Gholson Ave 17 Unit Apartment Building $1,105,000 ($65,000/Unit) Cincinnati, OH 45229
Investment Highlights
- Stablized
- Centrally Located
- Close to Freeways
Executive Summary
Investment Opportunity: Prime 17-Unit Apartment Complex in Cincinnati! Looking for a cash-flowing gem in a prime location? This turn-key 17-unit building is the perfect addition to your portfolio! All 17 units are spacious one-bedroom, one-bathroom apartmentseasy to manage and always in demand. Prime Location: Just minutes from downtown Cincinnati and steps away from the exciting Avondale Town Center development! Easy Commuting: Located right on the bus line for seamless access to the entire city. Fully Leased & Profitable: This property is a true cash cow, delivering consistent returns with minimal effort. Coin Laundry on-site for added convenience & revenue. Ample Parking for tenantsno hassle, no worries. Steady Rental Demand: Great location + quality units = constant interest from renters. Proximity to New Developments: Be part of the growth in Avondale, a neighborhood during exciting transformation. Please email for an nda for financials. jharrison@affordable-realtyservices.com
Property Facts
| Price | $1,105,000 | Lot Size | 0.62 AC |
| Price Per Unit | $65,000 | Building Size | 9,350 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM-2.0 - apartments | ||
| Price | $1,105,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 9,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2024 |
| Parking Ratio | 2.14/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-2.0 - apartments |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $900.00 | 600 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 112-0004-0030 | Improvements Assessment | $230,510 |
| Land Assessment | $24,990 | Total Assessment | $255,500 |
Property Taxes
Parcel Number
112-0004-0030
Land Assessment
$24,990
Improvements Assessment
$230,510
Total Assessment
$255,500
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Gholson Apartments | 694 Gholson Ave
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