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29958383

28 W 13th St, Cincinnati, OH 45202 For Sale

ZS
OH 2022007316
CBRE - Cincinnati
CBRE - Cincinnati
CBRE - Cincinnati
Listed by CBRE - Cincinnati
Unpriced
143 days on market
Updated 132 days ago
Opportunity zone

Park West & Hogan - 23 Units

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 16,110
Units 23
Cap Rate 6.50%
Class B
Year Built 1860-1878 & 1889
Year Renovated 2017
Buildings 2
Investment Type Value Add

Park West & Hogan | Multifamily | 23 Units in OTR

Marketing description

Park West & Hogan offer complete, high end renovated units in the best location of Over-The-Rhine, next to Washington Park. These buildings are being sold at a discount to replacement cost in a high barrier to entry market with operational upside. Condos of these same unit types have been selling at $205k for 1 bed and $313k for 2 bed units.

Investment Highlights:

  • Extremely Sought After Location

  • Opportunity to Stabilize Occupancy in a High Demand Area

  • Irreplaceable Location & Construction with Historic Designation

  • Opportunity to Reduce Expense Load

  • Potential Condo Conversion

  • Over $2M in recent Capex

Offers will be due in Early April- please reach out to schedule a tour.

Deal Site: CBRE-ParkWest-Hogan.com

https://www.cbredealflow.com/handler/modern.aspx?pv=8ju2f3oBB3T6-2UZIj2DxE03uSHgqKjvMHQc1I7cxVo#_top

Investment highlights

Investment Highlights:

  • Extremely Sought After Location

  • Opportunity to Stabilize Occupancy in a High Demand Area

  • Irreplaceable Location & Construction with Historic Designation

  • Opportunity to Reduce Expense Load

  • Potential Condo Conversion

  • Over $2M in recent Capex

Listing Contacts

ZS
OH 2022007316
CBRE - Cincinnati
CBRE - Cincinnati
CBRE - Cincinnati
Listed by CBRE - Cincinnati

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Additional Information

Name
Zak Smith
License
2022007316
Brokerage
CBRE
Brokerage Phone
8596555709
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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