Marcus & Millichap is pleased to present The Allisonia, an extensively renovated 11-unit apartment building located in Norwood - one of Cincinnati’s most centrally positioned and rapidly improving submarkets. Built in 1900 and fully modernized within the past five years, the property features a mix of seven two-bedroom and four three-bedroom apartments averaging more than 1,000 square feet each. Current occupancy stands at 100 percent, excluding the one down unit, with average effective rents of $1,494 per month - highlighting the property’s strong in-place income and premium renovation quality. The Allisonia offers a stabilized, cash-flowing investment that has been meticulously renovated and updated, with additional upside through bringing the 11th unit online to further enhance performance.
Deal vault link with OM, RR and financials: https://www.marcusmillichap.com/properties/192086/the-allisonia