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 Henry Woods Apartments, which consist of (34) three-bedroom, two-bathroom units. Starting in 2011, all units have been renovated with new individual forced air units, cabinets, vinyl flooring, appliances, and steel doors. One roof is five years old, the other is one year old, both having 15-year warranties. 50% of the tenants are Section 8, which provide above market rents. Tenants pay for their own electric. Sales Info: ■ Cap rate: 11.28% ■ Commision split: 2.0% ■ NOI: $153,399 Location Description: The Henry Woods Apartments are located on McHenry Ave, in between Westwood Northern Blvd and Harrison Ave in Cincinnati's Westwood neighborhood. The property is located on a busline. Highlights: ■ TURN KEY ■ ->Fully Renovated and Updated ■ No Capital Improvement Needed ■ Low maintenance ■ All Units Renovated (2014) ■ -> HUD Approved Kitchens ■ NEW Individual Electric Forced-Air Units (2014) ■ NEW Roofs (2014) ■ All 3 Bedroom, 1 Bath Units ■ Tenant Paid Electric ■ Owner Paid Gas & Water ■ Code-Secured Entry ■ Onsite Coin Laundry « 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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