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75 Units North Cincinnati Portfolio 2 Multifamily Properties in Cincinnati, OH
Investment Highlights
- 3 property portfolio-blocks from one another in strong rental markets
- Strong upside in owner with better management economies of scale
- Lots of updates completed across all three properties
- Solid, low maintenance all brick/block buildings
- Historically low vacancy
- Water/sewer/gas RUBS across every unit
Executive Summary
Situated at 425 Mill Street, Lynn Haven House Apartments enjoys a
strategic position at the crossroads of Arlington Heights, Reading,
and Lockland. Just a stone's throw away from Reading Road and
north of Galbraith Road, this property offers easy access to
Interstate 75, enhancing its appeal to potential investors seeking a
prime location for their portfolio. Don't miss out on this exceptional
opportunity to capitalize on the thriving real estate market in this
sought-after area.
• 4804-4814 Anthony Wayne Avenue is consists of 28 total units in 3
separate buildings. Comprised of 22 one bedroom units and 6 two
bedroom units, the owner supplies boiler heat with wall air
conditioning paid by the tenants. The owner also supplies
water/sewer. Recent improvements include new boilers, 2 roofs,
windows, parking lot (2021), 2 water heaters, and 27 of 28 units
have been updated. Hardwood flooring throughout each unit.
Strong property in strong rental market in tremendous condition that
will only get better as the market continues to harden.
This property is located 1.4 miles East of Lynn Haven and Elliot
Avenue.
• 717-719 Elliot Avenue is situated down the street from Lynn Haven
Apartments. Comprised of 17 total units with 11 one bedroom units
and 6 two bedroom units, the owner supplies the heat, water and
trash while the tenants pay their own electric and cable. The heat is
supplied by a hot water boiler with air conditioning supplied by wall
sleeves. Off street parking is available. Low maintenance, low
management investment in strong rental market location right on
the border of 4 submarkets of Arlington Heights, Reading, Wyoming
and Lockland.
strategic position at the crossroads of Arlington Heights, Reading,
and Lockland. Just a stone's throw away from Reading Road and
north of Galbraith Road, this property offers easy access to
Interstate 75, enhancing its appeal to potential investors seeking a
prime location for their portfolio. Don't miss out on this exceptional
opportunity to capitalize on the thriving real estate market in this
sought-after area.
• 4804-4814 Anthony Wayne Avenue is consists of 28 total units in 3
separate buildings. Comprised of 22 one bedroom units and 6 two
bedroom units, the owner supplies boiler heat with wall air
conditioning paid by the tenants. The owner also supplies
water/sewer. Recent improvements include new boilers, 2 roofs,
windows, parking lot (2021), 2 water heaters, and 27 of 28 units
have been updated. Hardwood flooring throughout each unit.
Strong property in strong rental market in tremendous condition that
will only get better as the market continues to harden.
This property is located 1.4 miles East of Lynn Haven and Elliot
Avenue.
• 717-719 Elliot Avenue is situated down the street from Lynn Haven
Apartments. Comprised of 17 total units with 11 one bedroom units
and 6 two bedroom units, the owner supplies the heat, water and
trash while the tenants pay their own electric and cable. The heat is
supplied by a hot water boiler with air conditioning supplied by wall
sleeves. Off street parking is available. Low maintenance, low
management investment in strong rental market location right on
the border of 4 submarkets of Arlington Heights, Reading, Wyoming
and Lockland.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro Forma - 2027) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 28,116 SF |
| Number of Properties | 3 | Total Land Area | 1.04 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 28,116 SF |
| Total Land Area | 1.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lynn Haven House
425 Mill St, Cincinnati, OH 45215 |
Multifamily | 15,546 SF | 1970 | - |
|
Arlington Heights/Lockland
717-719 Elliott Ave, Cincinnati, OH 45215 |
Multifamily | 12,570 SF | 1963 | - |
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75 Units North Cincinnati Portfolio
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