440-474-2269
480 Pedretti Ave, Cincinnati, OH for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

480 Pedretti Ave
Cincinnati, OH 45238
Delhi Hills


HIGHLIGHTS

  • • In-Place Rents Average $1,172 - Projected to reach $1,275 through a pure management and leasing execution
  • • Recent Leasing at $1,210 with No Pushback - Current ownership has begun testing higher rent levels successfully
  • • Partial RUBS in Place - Utility billback system already implemented; new owner can expand recovery

OVERVIEW

• 24 Units | All Large 2BR Layouts (~825 SF) Spacious floorplans attract long-term tenants and drive retention • 1980s Brick Construction Pitched roofs, individual HVAC, tenant-paid electric, low-maintenance systems • High-Income, Low-Crime Submarket Delhi boasts the highest household income and lowest turnover on Cincinnati’s West Side • Minimal Nearby Competition Zoning and geography severely limit new multifamily development

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

24

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

D

APN/PARCEL ID

540-0013-0038

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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