Prime 5-Unit Apartment Building Near Downtown Loveland
Located on a quiet street in Loveland, 350 Broadway St is a five-unit multifamily property with straightforward operations and solid in-place income. Each unit is one bedroom and one bathroom. Three of the five units have been renovated, and the property is currently fully occupied, generating $5,424 per month in gross rents.
All units are heated by a boiler system and cooled by wall unit A/C. The property features updated mechanicals including a newer boiler, hot water heater, and updated electric. A RUBS program is in place, allowing ownership to recover a portion of utility costs directly from tenants. An attached parking lot behind the building provides off-street parking for residents.
The two unrenovated units represent a clear value-add opportunity consistent with the upgrades already completed on-site. With strong occupancy, low-maintenance, and upside remaining, 350 Broadway St is a straightforward addition to any Cincinnati-area portfolio.