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- LoopNet Team
945 Dana Ave
Cincinnati, OH 45229
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- spacious units
- close proximity to downtown Cincinnati
- vaulted ceilings
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.64 AC |
| Property Type | Multifamily | Building Size | 11,533 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Zoning | R-4, Cincinnati | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 11,533 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R-4, Cincinnati |
ABOUT 945 DANA AVE , CINCINNATI, OH 45229
Centrally located in North Avondale, this fully rented, eleven unit building is a value add opportunity. The seller has focused on stabilizing the building, regular common area cleaning, pest control spraying, and boiler maintenance. Due to its close proximity to local Xavier University and highways, this victorian building is primarily student housing with a mix of one, two, and three bedroom units. With its vaulted ceilings and spacious floor plans, there is endless potential for a new owner to maximize their return on investment by implementing rent increases, implementing RUBS, and charging for pet fees. Vacant units lease very quickly, rent roll available for review.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 7 | - | 1,000 |
| 3+1 | 3 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 108-0005-0004 | Improvements Assessment | $161,840 |
| Land Assessment | $23,660 | Total Assessment | $185,500 |
PROPERTY TAXES
