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1 Mulberry Ct
Cincinnati, OH 45215
Creekside · Multifamily Property For Sale · 70 Units
PROPERTY FACTS
No. Units | 70 | Lot Size | 2.93 AC |
Property Type | Multifamily | Building Size | 58,765 SF |
Property Subtype | Apartment | No. Stories | 4 |
Apartment Style | Mid Rise | Year Built | 1970 |
Building Class | C | Parking Ratio | 1.87/1,000 SF |
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 |
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PROPERTY TAXES
Parcel Number | 641-0005-0002 | Improvements Assessment | $368,844 |
Land Assessment | $74,480 | Total Assessment | $443,324 |
PROPERTY TAXES
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Listing ID: 14251888
Date on Market: 11/1/2018
Last Updated:
Address: 1 Mulberry Ct, Cincinnati, OH 45215
The Multifamily Property at 1 Mulberry Ct, Cincinnati, OH 45215 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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