5459-5473 Kirby Ave - Apartments FOR SALE


Cincinnati, OH 45223- Mount Airy
$3,025,000 USD
513-841-7000
5459-5473 Kirby Ave, Cincinnati, OH for Sale
$3,025,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

5459-5473 Kirby Ave
Cincinnati, OH 45223
Mount Airy


HIGHLIGHTS

  • Receiver Sale - Sold via Online Auction Only
  • Sold subject to City of Cincinnati nuisance action & Court Approval

OVERVIEW

5459 Kirby Avenue Cincinnati, Ohio. 116-unit apartment community located in Cincinnati’s Mt. Airy neighborhood. Three buildings situated on 7.71 acres. Currently 54% occupied. Being sold as-is by court appointed receiver, Prodigy Properties. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders wishing to be approved must submit the following items no later than October 13, 2025: Submit evidence of financial capability Submit $25,000 participation deposit Submit bidder executed Purchase and Sale Agreement Execute the City of Cincinnati's settlement agreement. Auction Date / Times Auction Starts: Live Now Auction Ends: October 14, 2025 @ 2pm ET Sale Terms A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Winning bidder must increase the total deposit to $150,000 by 5pm ET, October 15, 2025 Sold subject to City of Cincinnati nuisance action Closing must occur no later than seven (7) days after contingencies are satisfied Tour Dates Email kurt@prodigyprop.com to receive documents required to be approved to participate in the sale, with questions, or to schedule a tour. Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.

FOR SALE DETAILS

PRICE

$3,025,000 USD

PRICE/SF

$28 USD /SF

# OF UNITS

116

PRICE/UNIT

$26,078

CAP RATE

Request Cap Rate

% LEASED

54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kirby Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

250

LAND DETAILS

LAND ACRES

7.71 AC

LAND SF

335,848 SF

ZONING

-

APN/PARCEL ID

228-0003-0004-00,228-0003-0006-00,228-0003-0110-00,228-0003-0248-00

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

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