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901-903 McPherson Ave
Cincinnati, OH 45205
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8-Units
EXECUTIVE SUMMARY
Court Appointed Receiver Sale. Eight-unit multifamily property located on McPherson Ave. The brick building consists of eight 1-bedroom units, five of which are currently occupied, providing in-place rental income and upside potential through lease-up and rent increases. The property is located near public transportation, neighborhood retail, and major employment corridors, supporting long-term rental demand.
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated to the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 1pm ET January 21, 2026
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated to the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 1pm ET January 21, 2026
PROPERTY FACTS
| Price Per Unit | $25,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | Distress Sale | Building Size | 6,012 SF |
| No. Units | 8 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price Per Unit | $25,000 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,012 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $79,303 | |
| Land Assessment | $12,580 | Total Assessment | $91,883 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,580
Improvements Assessment
$79,303
Total Assessment
$91,883
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