2316 Indian Mound Ave - Apartments FOR SALE


Cincinnati, OH 45212- Norwood
$769,900 USD
513-520-3540
2316 Indian Mound Ave, Cincinnati, OH for Sale
$769,900 USD
Apartments - FOR SALE
1/24
null | 7.04% Cap Rate

2316 Indian Mound Ave
Cincinnati, OH 45212
Norwood


HIGHLIGHTS

  • Value Add Below Market Rents
  • Brick Building - Pitched Roofs
  • 100% Occupied
  • Off Street Parking - Onsite Laundry

OVERVIEW

Jennifer M. Donathan of KW Commercial and Kyle Woodland of Reinvest Consultants is pleased to introduce an exceptional investment opportunity in the Southwest Ohio - Cincinnati/Norwood area: a 5,950 SF, ten-unit property boasting 100% occupancy and a brick structure with pitched roofs that exude durability. Tenants pay electric, owner pays heat, water and trash. The building is heated by gas boiler. There are 10 one bed / one bath units. Built in 1959, this well-maintained gem offers a compelling value-add opportunity with below-market rents, providing the potential for increased revenue. With its strong rental history and prime location, this property presents an enticing prospect for investors looking to capitalize on the thriving Cincinnati/Norwood market. Discover the thriving Southwest Ohio - Cincinnati/Norwood market, where the Indian Mound Apartments offer an exceptional investment opportunity. Situated in a prime location, the property is surrounded by an array of desirable amenities and attractions, catering to the needs of prospective Multifamily / Low-Rise/Garden investors. Residents can enjoy proximity to the vibrant Norwood business district, giving them access to a variety of dining, shopping, and entertainment options. Additionally, the area boasts well-regarded schools, beautiful parks, and excellent transportation links, ensuring convenience and quality of life for tenants. With its strategic placement in this dynamic locale, the Indian Mound Apartments present a compelling prospect for investors seeking to capitalize on the flourishing Cincinnati/Norwood market. Norwood is home to Xavier University and Rookwood Commons & Pavilion along with many notable eateries & retailers including J. Alexander, Bravo, Taste of Belgium, Buca di Beppo, PF Changs, Jos A. Banks, Whole Foods, Victoria’s Secret and dozens more. The complex is less than 1 mile from the Norwood Lateral which leads to I-71 or I-75 Cincinnati’s 2 major interstates.

FOR SALE DETAILS

PRICE

$769,900 USD

PRICE/SF

$129 USD /SF

# OF UNITS

10

PRICE/UNIT

$76,990

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R3

APN/PARCEL ID

651-0011-0049

ASK ABOUT THIS PROPERTY

Jennifer DonathanKW CommercialMore Info
513-520-3540

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Jennifer DonathanKW CommercialMore Info
513-520-3540

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