2008 Colerain Ave - Apartments FOR SALE


Cincinnati, OH 45214- West End
$244,000 USD
513-678-5001
2008 Colerain Ave, Cincinnati, OH for Sale
$244,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2008 Colerain Ave
Cincinnati, OH 45214
West End


HIGHLIGHTS

  • Part of the Dayton Historic District
  • Federal and State Tax credits
  • Close to TQL and Findlay Market

OVERVIEW

SELLER FINANCING OFFERED.... Exceptional redevelopment opportunity in the Dayton Street Historic District, just minutes from Findlay Market and FC Cincinnati's stadium. This 3-story building currently has (3) 1 bed/1 bath units, with plans to convert each to 2 bed/1 bath. Federal Historic Tax Credits already awarded with NPS Part 2 approval completed. The project was previously awarded $125,000 in Ohio State Historic Tax Credits, and a re-submission is planned, expected to be a rubber stamp on the already-approved scope. While credits are competitive and not guaranteed, this project offers a major head start. Includes a $35K+ package of documents: full historic drawing set, approved Part 2 applications (ODOD & SHPO), architectural drawings (not yet engineered), photo survey, and more. All materials transfer to the buyer. Surrounded by ongoing West End revitalization. Ideal for multifamily investment, rental income, or single-family conversion. Sold as-is.

FOR SALE DETAILS

PRICE

$244,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

3

PRICE/UNIT

$81,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

RM07

APN/PARCEL ID

184-0005-0097

ASK ABOUT THIS PROPERTY

Tanya RoeselComey & Shepherd IncMore Info
513-678-5001

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Tanya RoeselComey & Shepherd IncMore Info
513-678-5001

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