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1 Mulberry Ct
Cincinnati, OH 45215

Creekside · Multifamily Property For Sale · 70 Units

PROPERTY FACTS

No. Units 70
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 2.93 AC
Building Size 58,765 SF
No. Stories 4
Year Built 1970
Parking Ratio 1.87/1,000 SF

About 1 Mulberry Ct , Cincinnati, OH 45215

Capstone Apartment Partners is pleased to present Creekside Apartments: a 70-unit apartment community situated in the centrally-located Lockland neighborhood of Cincinnati, Ohio. Current ownership has made consistent capital improvements to cure deferred maintenance, while maintaining solid cash flow at the property. An incoming investor can build on this by substantially increasing current rents that lag the submarket by over $0.20/SF, or 30-35% on a gross rental rate basis, depending on the floor plan. Additionally, Creekside Apartments is centrally located within Cincinnati and has excellent access to local employment centers, neighborhood amenities, and all major interstates. Cincinnati is also one of the strongest multi-family markets in the Midwest, and has a diversified economy supported by consistent employment growth; which, in turn, has fostered strong demand and consistent rent growth for multi-family investors.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 25 $450.00 525
2+2 45 $487.50 735 - 833

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
641-0005-0002
Land Assessment
$74,480
Improvements Assessment
$368,844
Total Assessment
$443,324
  • Listing ID: 14251888

  • Date on Market: 11/1/2018

  • Last Updated:

  • Address: 1 Mulberry Ct, Cincinnati, OH 45215

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