2072 Elm Ave - Apartments FOR SALE


Cincinnati, OH 45212- Norwood
$500,000 USD
513-841-7000
2072 Elm Ave, Cincinnati, OH for Sale
$500,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

2072 Elm Ave
Cincinnati, OH 45212
Norwood


HIGHLIGHTS

  • Sold by Court Appointed Receiver
  • Online Auction Only
  • Convenient Location, Significant Upside

OVERVIEW

Court Appointed Receiver Sale – 2072 Elm Ave. A 24-unit multifamily property located at the corner of Elm and Station Ave. The brick apartment building consists of eighteen 1-bedroom units and six studio units. 6 units are currently occupied, providing in-place rental income with significant upside potential through lease-up and future rent growth. The property is conveniently located near public transportation, neighborhood retail, and major employment corridors, supporting long-term rental demand and value-add potential. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders seeking approval must submit the following items no later than June 10, 2026: Click Sign Up, and create an account Request Authorization and e-sign the Purchase and Sale Agreement Submit a $15,000 participation deposit (email kurt@prodigyprop.com to request wiring instructions after requesting authorization and e-signing the Purchase and Sale Agreement) Once the Purchase and Sale Agreement has been signed and the $15,000 participation deposit has been wired, your account will be reviewed, unlocked, and you will be approved to begin bidding. Auction Date / Times Auction Starts: Live Now Auction Ends: June 11, 2026 @ 2pm ET Sale Terms A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Subject to court approval Winning bidder must wire a ten percent (10%) deposit (minus the participation deposit) to escrow holder by 11am ET June 12, 2026 Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION. Property Information and Showings Unrepresented buyers, please contact Kurt at kurt@prodigyprop.com with questions or to schedule a tour.  Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

24

PRICE/UNIT

$20,833

CAP RATE

Request Cap Rate

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,623 SF

ZONING

R2

APN/PARCEL ID

651-0025-0077-00

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

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