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206 S Wayne Ave
Cincinnati, OH 45215
Receivership 58 units North Cincinnati · Multifamily Property For Sale
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58 Units
Investment Highlights
- Court ordered receivership sale
- Very solid brick buildings inside and outside
- High rental demand area
- Properties currently have 8 occupied units but will likely be delivered 100% vacant
- Broker estimate of approximately $1 million renovation required to rehab these buildings after demo already completed
Property Facts
| No. Units | 58 | Building Size | 40,824 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.62 AC | ||
| Zoning | R-4, Cincinnati - Multiple-Family Residential use, allowing for a higher density of residential development than lower-numbered R zones, with the goal of providing areas for multi-family buildings in a way that is appropriate for light, air, privacy, and open space. | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 40,824 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R-4, Cincinnati - Multiple-Family Residential use, allowing for a higher density of residential development than lower-numbered R zones, with the goal of providing areas for multi-family buildings in a way that is appropriate for light, air, privacy, and open space. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Laundry Service
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 58 | - | - |
Property Taxes
| Parcel Number | 245-0004-0005 | Improvements Assessment | $182,931 |
| Land Assessment | $54,810 | Total Assessment | $237,741 |
Property Taxes
Parcel Number
245-0004-0005
Land Assessment
$54,810
Improvements Assessment
$182,931
Total Assessment
$237,741
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