28 unit- Woodlawn and Harrison Multi-Family FOR SALE


Cincinnati, OH - East Price Hill
$1,820,000 USD
513-518-2799
, Cincinnati, OH for Sale
$1,820,000 USD
Multi-Family - FOR SALE
1/83
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28 unit- Woodlawn and Harrison
Cincinnati, OH
East Price Hill


OVERVIEW

This offering represents an exceptional opportunity to acquire a 28-unit multifamily portfolio consisting of two well-positioned properties in Hamilton County, Ohio. The Harrison & Woodlawn Portfolio offers immediate scale with strong current returns and significant value-add potential through strategic unit renovations, operational improvements, and lease-up of vacant units. -Value-Add Opportunity with significant upside potential through unit renovations and operational improvements -Below Market Rents presenting immediate revenue enhancement potential -Extensive Capital Improvements already completed, including new roof (2021) -Strong Rental Market in Hamilton County with consistent tenant demand -Attractive Price Point at $65,000 per door ($1,820,000 total) 503 WOODLAWN AVENUE Property Details: -16 Units (15 currently occupied as of April 2025) All 1BR/1BA units, approximately 550 sq ft each -Wood frame construction with vinyl siding -Lot Size: 105' x 250.89' (0.6 acres) -Year Built: 1958 with significant updates -Zoning: Commercial Capital Improvements: -New Roof (2021) -Interior renovations in select units -HVAC system upgrades -Updated electrical systems -Common area improvements -Professional landscaping enhancements -New security locks throughout property 2861 HARRISON AVENUE Property Details: -12 Units (9 currently occupied as of April 2025) -All 1BR/1BA units, approximately 550-600 sq ft each -Wood frame construction with brick facade -Lot Size: 56' x 175' (0.22 acres) -Year Built: 1962 with significant updates Zoning: Commercial Capital Improvements: -Plumbing system improvements -Interior common area renovations -Parking area enhancements -Landscaping improvements -Updated flooring in select units -New appliance packages in select units -New security locks throughout property LOCATION OVERVIEW Both properties are strategically located in Hamilton County, Ohio, providing residents with: -Convenient access to major highways and public transportation -Proximity to employment centers and educational institutions -Nearby shopping, dining, and entertainment options -Essential services within walking distance 2861 Harrison Ave Great investment opportunity and great location! 12 one bedroom, one bath apartment units in one building. $766 average rent/unit with room to raise rents. Private parking lot. Owner pays heat and water. All units are cosmetically equivalent to vacant units shown. Vacant units 2, 4 and 6 and common areas can be shown anytime. Once under contract the rest of the units can be shown. 503 Woodlawn Great solid brick investment opportunity! Minutes to the incline district. 16 units- all one bedroom, one bathroom. 11 units have balconies. Coin operated laundry and individual storage units. 100% occupied, $10,970 monthly cash flow with room to raise rents! Off street parking lot. Owner pays heat, water, trash and sewer, tenants pay electric. rent roll attached doesn't reflect most recent leases, unit 3 and 13 have been filled at $750 each, total rent amount is $10,970. All units are cosmetically equivalent to units shown. Occupied unit 12 can be shown with a 24 hour notice. Common areas can be shown anytime. Once under contract all units can be shown. Buyer to verify all info.

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Brittany SeitherSeitherMore Info
513-518-2799

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Brittany SeitherSeitherMore Info
513-518-2799

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