513-476-4467
411-415 Grandin Ave
Cincinnati, OH 45246
Springdale
HIGHLIGHTS
- UNIT RENOVATION STRATEGY: By renovating units upon turns, new ownership can look to increase the average actual rents.
- PARKING INCOME: Upgrade parking structures by adding garage doors and either charge residents for parking or rent these spaces as spaces as storage.
- UTILITY REIMBURSEMENTS: Current ownership is only recuperating 13.65% of the water, sewer, & trash expense at the property.
- CABLE/INTERNET PACKAGE: If an exclusive contract is implemented, new ownership could increase annual revenue by charging residents a fee.
- PET FEES: The property is currently receiving minimal pet fee income.
- STORAGE UNIT INCOME: 413 and 415 Grandin Ave both have 6 storage units available to the residents. Current ownership is not charging residents.
OVERVIEW
The Call For Offers Date is Tuesday, April 21st.
This property offers a value-add investment opportunity in the heart of Springdale, only minutes from Interstate 275. This well-located asset benefits from strong surrounding demographics, walkable amenities, and convenient access to major employers.
Please email marianne.taylor@colliers.com for access to the OM, Financials, & Rent Roll.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1956
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.08 AC
LAND SF
47,045 SF
ZONING
Residential
APN/PARCEL ID
599-0060-0186,599-0060-0326
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513-476-4467
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513-476-4467
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