3066 Shadycrest Dr - Apartments FOR SALE


Cincinnati, OH 45239
$1,350,000 USD
513-520-3540
3066 Shadycrest Dr, Cincinnati, OH for Sale
$1,350,000 USD
Apartments - FOR SALE
1/23
null | 7% Cap Rate

3066 Shadycrest Dr
Cincinnati, OH 45239


HIGHLIGHTS

  • Desirable Suburban Rental Market
  • Value Add Opportunity - Below Market Rents
  • Rents Under Market - Without Improvements Needed
  • Well Maintained All Brick Construction / Pitched Shingle Roof Newer

OVERVIEW

Kyle Woodland of Reinvest Consultants and Jennifer Donathan of KW Commercial has been retained as the exclusive agent to offer for sale 3066 Shadycrest Drive in Colerain Township a suburb Northwest of Cincinnati. This is an excellent opportunity to purchase a well maintained asset with value add opportunity. 3066 Shadycrest Drive is a twenty-two unit garden style complex constructed of all brick. The roof is pitched shingle and was replaced within the last 5 years. . The property has a total of 10,298 square feet or approximately 450 square feet per unit. The project is comprised of twenty-two 1 bedroom / 1 bath units. Recent capital improvements include roof, new boiler, new hot water tank, new parking lot. Utilities: Each unit is heated by the gas boiler and air is provided by wall a/c units. Tenants have separate electric panel. Tenants pay for electric and owner pays heat, water, and trash. Parking: Private parking lot with enough space for 22 cars. The lot is blacktopped and was recently repaved and striped. Amenities: The property has a common area laundry room, washer and dryer is seller owned. The most appealing quality about this property is that it is located on a quiet cul-de-sac street lined with well trimmed homes. The property is also in the Northwest school district which is very desirable to many residents. It is also within a short distance to the busline and shopping and retail.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

22

PRICE/UNIT

$61,364

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

PARKING SPACES

22

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

510-0071-0414-00

ASK ABOUT THIS PROPERTY

Jennifer DonathanKW CommercialMore Info
513-520-3540

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

Jennifer DonathanKW CommercialMore Info
513-520-3540

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