204 Highland St - Apartments FOR SALE


Loveland, OH 45140- North Heights
$4,250,000 USD
513-935-0021
204 Highland St, Loveland, OH for Sale
$4,250,000 USD
Apartments - FOR SALE
1/35
null | 7.1% Cap Rate

204 Highland St
Loveland, OH 45140
North Heights


OVERVIEW

204 Highland Street is a 31-unit multifamily investment opportunity located in the highly sought-after Loveland submarket, one of Greater Cincinnati's most desirable rental markets. The property features an attractive unit mix of 26 one-bedroom and 5 two-bedroom apartments, with 100% occupancy, providing immediate and stable cash flow for investors. Recent capital improvements include new shingle roofs, minimizing future capital expenditure reserves. Residents benefit from ample off-street parking with more than 70 spaces, while ownership benefits from tenant-paid electric baseboard heat and window-unit air conditioning, reducing operating expenses. A RUBS program has also been implemented, creating additional income and improving overall operating efficiency. With strong in-place cash flow, a turnkey operation, and the rarity of multifamily opportunities becoming available in Loveland, 204 Highland Street presents investors with an exceptional opportunity to acquire a high-performing asset in one of Cincinnati's most coveted submarkets.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

31

PRICE/UNIT

$137,097

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Timbercrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,464 SF

ZONING

-

APN/PARCEL ID

621-0003-0232

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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