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Receivership 58 units North Cincinnati 2 Multifamily Properties in Cincinnati, OH
INVESTMENT HIGHLIGHTS
- 12 mi to Downtown
- Off I-75 and Galbraith Road
EXECUTIVE SUMMARY
This offering is consists of 2 properties/buildings of almost 41,000 square feet-almost identical-both comprised of 29 one bedroom, one bath apartments located in the North Cincinnati market of Hartwell. The property is currently in Receivership with the bank controlling the sales process. The properties are as follows: 8354 Anthony Wayne Avenue Cincinnati, Ohio 45216 and 206 South Wayne Avenue in Cincinnati, Ohio 45215.
The property comes with ample off street parking, owner supplied water, sewer and heat, equipped kitchens, wall air conditioning, and coin operated laundry on site. These buildings are currently vacant. Broker/Receiver estimate puts the rehab budget at +/- $1,225,000 to get the property completely turned, updated, rent ready and occupied.
The subject properties are located 0.7 miles down the street from one another in the Hartwell suburb of Northern Cincinnati situated about 12 miles north of Downtown just off of Interstate 75 and Galbraith Road.
The property comes with ample off street parking, owner supplied water, sewer and heat, equipped kitchens, wall air conditioning, and coin operated laundry on site. These buildings are currently vacant. Broker/Receiver estimate puts the rehab budget at +/- $1,225,000 to get the property completely turned, updated, rent ready and occupied.
The subject properties are located 0.7 miles down the street from one another in the Hartwell suburb of Northern Cincinnati situated about 12 miles north of Downtown just off of Interstate 75 and Galbraith Road.
PROPERTY FACTS
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment | Total Building Size | 62,049 SF |
| Status | Active | Total Land Area | 1.94 AC |
| Number of Properties | 2 |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 62,049 SF |
| Total Land Area | 1.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Pinebrook Apartments
8356 Anthony Wayne Ave, Cincinnati, OH 45216 |
Multifamily | 40,824 SF | 1972 | - |
|
Brookview Apartments
206 S Wayne Ave, Cincinnati, OH 45215 |
Multifamily | 21,225 SF | 1972 | - |
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Receivership 58 units North Cincinnati
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