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Brick 29 Unit Low Rise Apartment Complex For Sale

Market Price

915 Dana Avenue, Cincinnati, OH 45229

Active
Last Updated: 04/08/2021

56,449

NOI

0.471 acres

Lot Area

Details:
NOI:    $56,449
Lot Area:    0.471 acres
Units:    29
Year Built:    1926
Floors:    3
Roof:    Asphalt Shingle
HVAC:    Gas, Hot Water AC – Window
Foundation:    Basement
Highlights:
  • 29 Unit Brick Building
  • Fully Leased
  • Close to Xavier University
  • Owner recently remodeled several units!
  • 9 - three bedroom and 20 one bedroom Units
  • Complex is fully leased and there is a waiting list!
  • Projections for 2019 - Net will be $50,000 - $60,000 with 5% rent increase in 2019
  • 2019 - gross rents will be $182,000
Description:

This offering is for a brick 29 unit low rise apartment complex built in 1926. The fully leased property is comprised of twenty, one bedroom and nine, three bedroom units. It is located within the North Avondale area of Cincinnati.

This property is less than one mile from Xavier University and just under three miles from The University of Cincinnati’s Main Campus.

The apartment complex is conveniently located a short distance from Interstate 71(3.3 miles) allowing easy access to Downtown Cincinnati and Northern Kentucky.

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