The SELL with STASH Multi-Family Investment Sales Team of Sperry Van Ness-RICORE Investment Management, Inc. is pleased to present to qualified investors the opportunity to acquire the Mears Cove Apartments, a 31 unit apartment complex in the Cincinnati neighborhood of Mt. Washington. It consists of four buildings with each building limited to only five units in order to allow for the large rooms and spacious interiors. There is well-maintained grass courtyard in the center of the complex. The property features seven (7) 1-bedroom units with, eight (8) 2-bedroom-1-bath units and sixteen (16) 2-bedroom-1.5-bath units. Some units have dishwashers included. Each 2-bedroom unit comes with a garage parking space with a remote opener. Each building has a large laundry room where you can connect your own washer and dryer or use the convenient coin operated units. Each 2-bedroom unit also has its own covered patio. Sales Info: ■ Cap rate: 7.41% ■ Commision split: 2.0% ■ NOI: $88,580 Location Description: The Mears Cove Apartments, which are located in Mt Washington on the east side of Cincinnati about 20 minutes from Downtown and about 5 minutes from I-275. It is conveniently located across the street from the Mt Washington Elementary School on Mears Avenue. Highlights: ■ Tenant Paid Heat & Electric ■ Separately Metered: Gas & Electric ■ Good Unit Mix with Large Floorplans ■ Good Suburban Rental Market ■ Quiet Family Neighborhood ■ Located across the street from the Mt. Washington School & Mt. Washignton Recreation Center ■ Onsite Laundry Facilities ■ Tenant Garages & Covered Parking « show less
The SELL with STASH Multi-Family Investment Sales Team of Sperry Van Ness-RICORE Investment Management, Inc. is pleased to present to qualified... show more »
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