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 Declan Square Apartments, a 99-unit apartment complex in Cincinnati's Mt. Airy neighborhood. The eight building property consists of (37) one-bedroom units, (56) two-bedroom units, and (6) three-bedroom units. Capital Expenditures 2014-2015: Five New Roofs, Four Resealed 250 New Windows 52 Fully Renovated Units Repairs to Driveway Upgrade to Copper Wiring Hardwood Flooring Throughout Units Sales Info: ■ Cap rate: 11.18% ■ Commision split: 2.5% ■ NOI: $256,965 Location Description: The Declan Square Apartments are located off of Kirby Ave, near the intersection with Colerain Ave (State Route 27). Highlights: ■ Value-Add Reposition Opportunity ■ 1, 2 & 3 Bedroom Units ■ Major Upside in Rents ■ Tenant Paid Electric ■ Five New Roofs, Four Resealed ■ 95% of Windows Replaced ■ Electrical Upgrades ■ 52 Renovated Units ■ Call for Details ■ Stash: 513.588.1114 ■ SGeleszinski@svn.com ■ Sherief: 513.588.1108 ■ SGouda@svn.com ■ Nathan: 513.588.1128 ■ NMurphy@svn.com ■ www.SELLwithSTASH.com « 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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