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2346-2350 Boone Ave
Cincinnati, OH 45206
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Complete Gut Renovation - Professional conversion completed 2022-2023
- Modern Building Systems - New HVAC, security, and building access controls
- Additional Development Potential - Adjacent parking lot available for purchase separately
- Tenant-Paid Utilities - Individual electric and gas meters reduce landlord expenses
- CRA Abatement through 2030
- Close Proximity to the University of Cincinnati, Downtown Cincinnati and Xavier University
Executive Summary
2346 Boone Street represents a multifamily investment opportunity in Cincinnati's desirable East Side corridor. This fully renovated, 14-unit apartment building offers a cash flowing investment near downtown and the University of Cincinnati with tax advantages.
Property Facts
| Price Per Unit | $262,804 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.10% | Building Size | 10,248 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2023 |
| Apartment Style | Low-Rise | ||
| Zoning | T4N.SF | ||
| Price Per Unit | $262,804 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 10,248 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1929/2023 |
| Zoning | T4N.SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | - |
Property Taxes
| Parcel Number | 068-0002-0419 | Improvements Assessment | $223,696 CAD |
| Land Assessment | $55,472 CAD | Total Assessment | $279,168 CAD |
Property Taxes
Parcel Number
068-0002-0419
Land Assessment
$55,472 CAD
Improvements Assessment
$223,696 CAD
Total Assessment
$279,168 CAD
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