Value Add Opportunity

Highlights

• Value Add Opportunity - Below Market Rents
• Quality Brick Structure With Pitched Roofs
• 100% Occupied
• Off Street Parking - Onsite Laundry

Description

Jennifer M. Donathan of KW Commercial and Kyle Woodland of Reinvest Consultants is pleased to introduce an exceptional investment opportunity in the Southwest Ohio - Cincinnati/Norwood area: a 5,950 SF, ten-unit property boasting 100% occupancy and a brick structure with pitched roofs that exude durability. Tenants pay electric, owner pays heat, water and trash. The building is heated by gas boiler. There are 10 one bed / one bath units. Built in 1959, this well-maintained gem offers a compelling value-add opportunity with below-market rents, providing the potential for increased revenue. With its strong rental history and prime location, this property presents an enticing prospect for investors looking to capitalize on the thriving Cincinnati/Norwood market.

Discover the thriving Southwest Ohio - Cincinnati/Norwood market, where the Indian Mound Apartments offer an exceptional investment opportunity. Situated in a prime location, the property is surrounded by an array of desirable amenities and attractions, catering to the needs of prospective Multifamily / Low-Rise/Garden investors. Residents can enjoy proximity to the vibrant Norwood business district, giving them access to a variety of dining, shopping, and entertainment options. Additionally, the area boasts well-regarded schools, beautiful parks, and excellent transportation links, ensuring convenience and quality of life for tenants. With its strategic placement in this dynamic locale, the Indian Mound Apartments present a compelling prospect for investors seeking to capitalize on the flourishing Cincinnati/Norwood market.

Norwood is home to Xavier University and Rookwood Commons & Pavilion along with many notable eateries & retailers including J. Alexander, Bravo, Taste of Belgium, Buca di Beppo, PF Changs, Jos A. Banks, Whole Foods, Victoria’s Secret and dozens more. The complex is less than 1 mile from the Norwood Lateral which leads to I-71 or I-75 Cincinnati’s 2 major interstates.