Melrose Ave: Low-Rise Multifamily Investment Package
$445,000
2600 Melrose Avenue, Cincinnati, OH 45206
7.99
Cap Rate
35,556
NOI
Details:
Highlights:
- Triplex apartment building in East Walnut Hills.
- Walking distance to restaurants, bars, retail, banks, Library and so much more.
- One mile from University of Cincinnati and two miles from Xaivier University on a city bus stop.
- Renovated in 2022 and fully leased w/ NOI of $36,800.
Description:
FOR SALE: Triplex apartment building situated on the corner of Melrose Ave and William Howard Taft. Incredible location in East Walnut Hills with numerous amenities in walking distance: Restaurants, bars, retail, banks, Library and so much more. One mile from University of Cincinnati and two miles from Xaivier University. Located on a city bus stop. East Walnut Hills has experienced a renaissance in the last several years due to its convenient location, architecture and diverse population. Tens of Millions of dollars has been invested over the last few years with no end in sight. Now is the time to invest before values rise! 2600 Melrose is completely renovated and FULLY leased. One Tenant resides in third floor apartment, and the other two units are being left vacant for showings. Both vacant units were previously rented at market rate.
Columbia Parkway to Kemper Rd. Left on East McMillan St. Right on Melrose. Property is located on the right.
Documents:
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Location
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