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Multifamily For Sale • 24,912 SF
| Land Development or Add Amenities: an adjacent 0.639-acre parcel zoned R-O PUD allows for development of additional units or an amenity. |
| Unit Renovation Strategy: 14 units are renovated & achieving higher rents compared to the 6 partially renovated units & the 4 non renovated units. |
| Low Real Estate Tax Rate: effective RE tax rates of approximately 1.96% on the multifamily component and 1.33% on the townhome units. |
| Limited Townhome Supply: limited supply of comp rental THs in the Fairfield submarket, with only one direct comp property offering 2 bed 1.5 bath THs. |
| Free & Clear Offering: The property is being offered free and clear of existing debt, providing investors with maximum flexibility. |
| Washer/Dryer Income: Installing in-unit washers and dryers presents a clear value-add opportunity to increase rental rates and enhance resident appeal |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Cincinnati/Northern Kentucky International | 58 min | - | 40.0 mi |
Marianne Taylor
Colliers
Marianne Taylor
Colliers
