3 small buildings, 8 apartments/bldg. 9 - 2 bedroom and 15 - 1 bedroom apartments. Ample parking. Laundry machines in each building. Sales Price includes $75,000 for a .33 acre commercial zoned front lot. Well maintained property. The commercial lot has a frontage on Ohio Pike & zoned for apartments & other commercial building, and have utility taps. New windows & 2 new furnaces.
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.
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
Marcus and Millichap is pleased to offer the mixed use investment of multifamily apartments over retail storefronts on Wyoming Avenue in Lockland Ohio located in Hamilton County. The offering consists of seven one bed one bath units, two two bedroom one bath units, three three bed one bath units, and 6 retail store fronts. Renovations started in May 2013 on the apartment units and have been completed.
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.
* 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!