2404 Auburn Ave - Apartments FOR SALE


Cincinnati, OH 45219- Mount Auburn
$669,000 USD
513-331-0920
2404 Auburn Ave, Cincinnati, OH for Sale
$669,000 USD
Apartments - FOR SALE
1/56
null | 8.91% Cap Rate

2404 Auburn Ave
Cincinnati, OH 45219
Mount Auburn


HIGHLIGHTS

  • Beautiful Mixed Use Investment For Sale Blocks From UC
  • Located in the Historic Mt. Auburn Neighborhood
  • 7 of 8 Units Leased
  • Value-Add Potential with Below-Market Rents and Vacancy
  • 11 Off-Street Parking Spaces
  • Gym and Common Laundry Unit Provided to Tenants

OVERVIEW

Available for sale is a prime mixed-use value-add investment opportunity in Cincinnati’s historic Mount Auburn neighborhood. This well-maintained property features a stable first-floor office tenant, PsychPros, occupying the entire first floor unit, and seven apartments units, providing a diverse and reliable income stream. With its blend of historic charm and proven occupancy, 2404 Auburn Ave offers both immediate cash flow and value-add potential through leasing the remaining vacant unit and adjusting below-market rents.

FOR SALE DETAILS

PRICE

$669,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

8

PRICE/UNIT

$83,625

CAP RATE

8.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1905

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

OG-T

APN/PARCEL ID

089-0001-0127

ASK ABOUT THIS PROPERTY

Gueorgui ChikovNAI BergmanMore Info
513-331-0920

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Gueorgui ChikovNAI BergmanMore Info
513-331-0920

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