2400 Windage Dr - Apartments FOR SALE


Fairfield, OH 45014
$2,275,000 USD
513-460-1745
2400 Windage Dr, Fairfield, OH for Sale
$2,275,000 USD
Apartments - FOR SALE
1/12
null | 12.4% Cap Rate

2400 Windage Dr
Fairfield, OH 45014


OVERVIEW

Investment Property Advisors is offering for sale Windage Apartments. The property is located in the northwest quadrant of Greater Cincinnati, just north of I-275 between Route 4 and Route 127. This 18 unit community has been extensively upgraded over the last four years both inside and out. A private gated entrance opens to extensive green space and three buildings of single story apartments. The current owner is a custom home builder and has meticulously maintained the property. The new owner can expect an immediate positive cash flow day one with an opportunity to increase rents by 11%. An on-site tenant/caretaker makes for a relatively hands off investment with no major capital needs.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

18

PRICE/UNIT

$126,389

CAP RATE

12.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Windage Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

A0700-018-000-035

ASK ABOUT THIS PROPERTY

Jeff DilboneInvestment Property AdvisorsMore Info
513-460-1745

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Jeff DilboneInvestment Property AdvisorsMore Info
513-460-1745

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