604-610 Crown St - Apartments FOR SALE


Cincinnati, OH 45206- Uptown Cincinnati
$275,000 USD
513-382-4109
604-610 Crown St, Cincinnati, OH for Sale
$275,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

604-610 Crown St
Cincinnati, OH 45206
Uptown Cincinnati


HIGHLIGHTS

  • This desirable multifamily investment offers included approved plans for the creation of one-, two-, and four-bedroom units.
  • Approved construction plans, LEED silver certification, and a CRA application nearing completion provides a running start to a new owner.
  • This historic building sits within the sought-after East Walnut Hills/Avondale neighborhoods of Cincinnati, just 10 minutes from Downtown.
  • Great rental location, with the local submarket boasting asking rents approximately 10% above the greater market.

OVERVIEW

Unlock the potential of 608 Crown Street, a stunning 7,516-square-foot, shovel-ready property in the sought-after East Walnut Hills/Avondale area of Cincinnati, Ohio. Featuring a charming historic brick exterior, this property offers a blank canvas inside, ready for transformation into a desirable seven-unit multifamily apartment complex. The approved plans include four one-bedroom units, two two-bedroom units, and a spacious 4-bedroom unit. This property has undergone all necessary environmental testing and abatement, ensuring a smooth development process. With LEED Silver certification and a Community Reinvestment Area (CRA) application nearing completion, a new owner can easily maximize their investment benefits. The seller has also engaged with The Cincinnati Development Fund, which is eager to discuss financing options. Additionally, the sale includes the adjoining lot, perfectly suited for parking under the current plans. Situated just minutes from local medical centers, vibrant downtown amenities, and top universities, 608 Crown Street is a property at the heart of it all. The property is easily accessible, sitting just off Interstate 71 and Reading Road. Residents can quickly reach the city’s top-rated attractions in under 15 minutes, including the Hard Rock Casino Cincinnati, The Cincinnati Art Museum, the Taft Theatre, Paycor Stadium, and the Great American Ballpark. Building Plans and Additional documents are available upon request. Reach out to the Coldwell Banker team today to learn more about this exciting opportunity.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$37 USD /SF

# OF UNITS

7

PRICE/UNIT

$39,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Multi-Family

APN/PARCEL ID

091-0004-0032,091-0004-0133

ASK ABOUT THIS PROPERTY

Walt GiblerColdwell Banker RealtyMore Info
513-382-4109

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Walt GiblerColdwell Banker RealtyMore Info
513-382-4109

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