Property Type: Multifamily Square Footage 51,653 NOI $306,429 Units 44 Lot Size (acres) 1.21
Marketing Description This portfolio contains five (5) buildings with over 1.21 acres that sit along Woodburn Ave and William H Taft Road in the revitalized East Walnut Hills submarket of Cincinnati. The portfolio consists of forty-three (43) apartments and one (1) 2500 SF retailtenant [Parlour Salon]. The five buildings consist of 18 Units (2558 & 2662 Woodburn Ave), 14 units (2600 Woodburn Ave), 4 units (2610 Woodburn Ave), 4 units (2412 – 2414 Salutaris Ave, and 4 units (1514-1516 Taft).
The units are a mix of one and two bedrooms ranging anywhere from 650 SQ Ft to 1200 SQ FT. The Parlour Salon has been in their space from 2011 and has a lease recently signed an extension with options through 2036. The portfolio also contains forty (40) exclusive parking spots with additional income opportunities.
Capital improvements have been made throughout the years including upgrades to the units with regards to flooring, appliances, kitchens, windows, electric service, roofs, box gutters, HVAC systems, and paving of the parking lots.
This portfolio presents an investor the opportunity to own a multifamily portfolio in one of Cincinnati’s most sought out neighborhoods. Be a part of the revitalization and developments that are going on in East Walnut Hills.