Share This Listing

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • 3 property portfolio-blocks from one another in strong rental markets
  • Strong upside in owner with better management economies of scale
  • Lots of updates completed across all three properties
  • Solid, low maintenance all brick/block buildings
  • Low vacancy submarket with strong demand
  • Water/sewer/gas RUBS across every unit

Executive Summary

Lynn Haven House is comprised of 30 identical one bedroom, one bath units. Each unit comes with tenant paid electric baseboard heat with wall A/C-owner provides water, sewer and trash with RUBS in place on every unit. Situated at 425 Mill Street, Lynn Haven House Apartments enjoys a strategic position at the crossroads of Arlington Heights, Reading, and Lockland. Just a stone's throw away from the Reading Bridal District in downtown Reading, this property offers easy access to Interstate 75, enhancing its appeal to potential investors seeking a prime location for their portfolio. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in this sought-after area.
• 8400-8414 Anthony Wayne Avenue consists of 28 total units in 3 separate buildings. Comprised of 22 one-bedroom units and 6 two-bedroom units, the owner supplies boiler heat with wall air conditioning paid by the tenants. The owner also supplies water/sewer. Recent improvements include new boilers, 2 roofs, windows, parking lot (2021), 2 water heaters, and 27 of 28 units had moderate updating. LVP flooring and porcelain tile throughout each unit. Strong property in strong rental market in great overall condition that will only get better as the market continues to harden. This property is located about 1 mile East of Lynn Haven and Elliot Avenue.
• 717-719 Elliot Avenue is situated down the street from Lynn Haven Apartments. Comprised of 17 total units with 11 one-bedroom units and 6 two-bedroom units, the owner supplies the heat, water and trash while the tenants pay their own electric and cable. 100% RUBS in place. The heat is supplied by a hot water boiler with air conditioning supplied by wall sleeves. Off street parking is available. Low maintenance, low management investment in strong rental market location right on the border of 4 submarkets of Arlington Heights, Reading, Wyoming and Lockland.

Data Room Click Here to Access

Taxes & Operating Expenses (Pro Forma - 2027) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes -
Operating Expenses -
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Pro Forma - 2027) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual $99,999
Vacancy Loss
Annual $99,999
Effective Gross Income
Annual $99,999
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price $5,100,000
Price / SF $106.90 / SF
Cap Rate 7%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 47,709 SF
Total Land Area 1.81 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Wayne Apartments
8400-8414 Anthony Wayne Ave, Cincinnati, OH 45216
Multifamily 19,593 SF 1963 -
Lynn Haven House
425 Mill St, Cincinnati, OH 45215
Multifamily 15,546 SF 1970 -
Arlington Heights/Lockland
717-719 Elliott Ave, Cincinnati, OH 45215
Multifamily 12,570 SF 1963 -
Show More > < Show Less
  • Listing ID: 40303300

  • Date on Market: 4/27/2026

  • Last Updated:

  • Address: 75 Units North Cincinnati Portfolio, Cincinnati, OH

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}