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$ 11,030,000
Est. payment | /mo
0.38 Acres Lot
$ 11,030,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1893888
Lot Size 0.380 Acres
Property Sub-Type Commercial
Source Cincinnati Multiple Listing Service
Property Description
Being sold as a package, this six-property, 104-unit portfolio is 100% occupied and offered at $11,030,000, or $106,058 per unit, with average in-place charges of $1,224 per unit. The portfolio is priced at a 7.53% cap rate based on historical T-12 actual financials. Located approximately two blocks from the University of Cincinnati, the properties benefit from exceptional proximity to campus, Uptown employment, and surrounding medical institutions. Strong demand from students, graduate students, faculty, and medical professionals, combined with convenient off-street parking, makes this a highly desirable and well-positioned portfolio. The portfolio was assembled and held by ownership for approximately 20 years. Additional properties include 384 Probasco, 356 Probasco, 618 Probasco, 274 Senator, and 2409-2417 W Clifton. Additional information and financials are available upon request.
Location
State OH
County Hamilton
Area Hamilton-E01
Rooms
Basement Full
Interior
Heating Gas
Cooling Central Air
Flooring Carpet
Exterior
View Y/N No
Water Access Desc Public
Roof Type Shingle,Membrane
Building
Faces I-75 to Hopple St, east toward UC, to Clifton Ave, to W McMillan St, to Digby Ave.
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Listed by Team Results Realty
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