1962-1970 Westwood Northern Blvd - Apartments FOR SALE


Cincinnati, OH 45225- Millvale
$3,599,000 USD
513-426-6497
1962-1970 Westwood Northern Blvd, Cincinnati, OH for Sale
$3,599,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1962-1970 Westwood Northern Blvd
Cincinnati, OH 45225
Millvale


OVERVIEW

FOR SALE 1964 Westwood Northern | Cincinnati, Ohio 40-Unit Multifamily Community on 8 Acres Property Overview • 40-unit apartment building • 100% occupied • Established waiting list • Strong in-place cash flow • Situated on approximately 9 acres presents incredible future building potential Location • Convenient access to Uptown Cincinnati (University area & major hospitals) • Minutes to Downtown Cincinnati • Driveway access positioned between three Metro bus stops • Strong rental demand corridor Investment Highlights • Stabilized asset with immediate income • Proven occupancy history • Opportunity for rental increases • Significant excess land provides future development potential • Rare large-parcel multifamily site within urban core Value-Add / Upside • Market rent growth • Additional density potential (subject to zoning) • Long-term land appreciation

FOR SALE DETAILS

PRICE

$3,599,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

40

PRICE/UNIT

$89,975

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

80

LAND DETAILS

LAND ACRES

9.85 AC

LAND SF

428,892 SF

ZONING

RM-2.0

APN/PARCEL ID

201-0041-0095

ASK ABOUT THIS PROPERTY

Chinedum NdukweNew Castle Real EstateMore Info
513-426-6497

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chinedum NdukweNew Castle Real EstateMore Info
513-426-6497

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.