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 Mahogany Hills, a 55-unit apartment complex. The three buildings consist of (23) studios, (24) one-bedroom units, (8) two-bedroom units. This is a value add opportunity with below market rents, high vacancy, and deferred maintenance. An incoming investor can mold this investment with their own vision to create the best return. Sales Info: ■ Cap rate: 18.32% ■ Commision split: 2.0% ■ NOI: $97,912 Location Description: Mahogany Hills is located on Gobel Avenue, a side street off of Westwood Northern Boulevard, in Cincinnati's Westwood neighborhood. The property is just 6.5 miles away from the Cincinnati CBD. Highlights: ■ 55 Units ■ Value Add Opportunity ■ Below Market Rents ■ 56% Vacant ■ On-Site Coin Laundry ■ 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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