811 Rosemont Ave - Apartments FOR SALE


Cincinnati, OH 45205
$3,375,000 USD
513-204-9539
811 Rosemont Ave, Cincinnati, OH for Sale
$3,375,000 USD
Apartments - FOR SALE
1/62
null | 9.17% Cap Rate

811 Rosemont Ave
Cincinnati, OH 45205


HIGHLIGHTS

  • Close to retailers like Walgreens, Dollar General, and more
  • Ample Parking

OVERVIEW

Home in Cincy is delighted to offer an exceptional investment opportunity with the acquisition of Rosemont Park, a premier multi-family residential complex nestled in the heart of Cincinnati, OH. This property boasts 48 well-maintained units and a serene park-like setting, offering a tranquil living environment while being conveniently located behind St. Williams Catholic Church and School. Property Highlights: • Location: 811 Rosemont Avenue, Cincinnati, OH. • Setting: The complex is situated off the road, enhancing privacy and a community feel, with buildings arranged around a spacious, new parking lot providing ample parking for residents. • Expansion Potential: The property includes approved mechanical and electrical drawings from the City of Cincinnati, allowing for the addition of 3 more 1 BD/1 BA units in the 817 building. • Condition: With no deferred maintenance, Rosemont Park has a proven history of low vacancy rates, ensuring a steady income stream. • Investment Appeal: The opportunity to increase the unit count and the lack of necessary immediate repairs make this property a highly attractive investment. Rents have Increased! One bedroom subsidized units now receive $900 per month! For investors looking to acquire a high-quality, low-maintenance property with room for growth, Rosemont Park represents a compelling opportunity in Cincinnati's competitive real estate market.

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

48

PRICE/UNIT

$70,313

CAP RATE

9.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosemont Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

RMX

APN/PARCEL ID

179-0078-0008-00,179-0078-0009-00,179-0078-0573-00

ASK ABOUT THIS PROPERTY

David MussariBerkshire Hathaway Professional Realty CommercialMore Info
513-204-9539

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David MussariBerkshire Hathaway Professional Realty CommercialMore Info
513-204-9539

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