Four unit one bedroom apartments. 6403 Kennedy Avenue, Cincinnati, Ohio 45213-1845
Three bedroom units with one apartment on each floor.
Three bedroom multi-unit with one apartment on each floor.
Three unit multi-family building. Three two bedroom units. Building has three floors. Secured entry to the building.
* 5-Unit Apartment Building * All 2-Bedroom Apartments * Fully Renovated in Nov. - Dec. 2012 * All New Upgrades: Windows, Fixtures, Flooring, Hardwood, and more! * Off Street/Assigned Resident Parking * Low Maintenance * Great Cash Flow!
SUPER NICE clean as a pin investment! Nothing to do her except collect money! On-site coin laundry, storage area, 4 car garage, quiet cul-de-sac street with a mix of single family homes.
Great 6 family complex, currently operating at a 9+ CAP rate and room to go up! Coin laundry, updated mechanicals, superb location near center of Marimont. Most tenants long term.
The complex was constructed in 1955, with a unit-mix including (2) Studio, one-bathroom garden-style units, (44) one-bedroom, one-bathroom garden-style units and (8) two bedroom, one-bathroom garden-style units. Property amenities include Secured Entrances, On-site Laundry, (27) Two Car Garages, and a Landscaped Courtyard. The owner is responsible for trash and the tenants are responsible for Gas, Electric, and Water. In 2006 the complex had all new vinyl windows installed which includes a transferable Lifetime warranty. The property is currently professionally managed by Towne Properties. Demand continues to be strong and it is expected that the complex will continue to maintain 95% occupancy or better. This reflects an 8 percent cap rate at $2,575,000. A re-assessment of taxes at list price (taxes are currently assessed at $1,213,590) in 2016 is accounted for in our 10-year projection. Based on our projections the cap rate is expected to grow in 2016 to 8.4 percent and yield a cash-on-cash return of 13.43 percent in the first year. The 5-yr leveraged IRR is forecast at 14.40 percent. The 10-yr leveraged IRR is forecast at 18.17 percent.
Nice 4 unit, x2 two bedroom and x2 one bedroom units with large garage! Performs at a .13 CAP !! Near bus and shopping, long time owner ready to retire and let a new owner start building a nest egg!
Marcus & Millichap is pleased to offer Forest View Senior apartments located in College Hill, a suburb of Cincinnati, Ohio. Forest View Senior Apartments are comprised of 113 studio apartments and 24 one bedroom one bath units. Each unit is equipped with a full kitchen and access to all recently updated common area amenities. The seven story mid-rise complex has an on-site security guard, security cameras, and locked entrances to give all the senior residents a safe and secure piece of mind. This unique investment opportunity provides an incoming investor with the ability to sculpt the property into whatever they see fit. At 40% occupancy, with all new common areas new ownership has a multitude of possibilities