2724 Jefferson Avenue

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Address: 2724 Jefferson Avenue, Cincinnati, Ohio, US
Created date: April 3, 2024
Date last updated: April 10, 2024
  • Value add opportunity with below market rents
  • Prime location in the Southwest Ohio area
  • Ideal investment in the fiercely competitive student housing market
  • Portfolio can be sold individually or as a package
  • 10 of the 12 buildings are within a couple blocks from each other
  • Some buildings are contiguous
  • Strong historical occupancy rates for the market
  • Attractive unit mix

Property Description

Kyle Woodland of Reinvest Consultants and Jennifer Donathan of KW Commercial is pleased to present this excellent opportunity to acquire off-campus student housing serving the University of Cincinnati. Introducing a prime investment opportunity in Cincinnati Ohio, this impressive portfolio consists of 12 parcels, 13 buildings and 34 individual rents. The portfolio can be sold as a package or individually. This could be an opportunity for a local investor already vested in the neighborhood to scale to market or for a first-time student housing investor to get their foot in the door. There is no doubt of the strong rental demand. This multifamily gem presents a compelling option for savvy investors looking for a high-performing asset in a sought-after location. Ten of 12 parcels are tax abated until 2032 which allows the new owner to enjoy the lower than market real estate taxes for the next 8 years. Most of the units are already pre-leased for the 2024-2025 school year. Don't miss the chance to add this desirable property to your investment portfolio.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $4,450,000
No. of Units: 13
Opportunity Zone: No
Price per unit: $342,308
Property Website Click Here
Address: 2724 Jefferson Avenue, Cincinnati, OH 45219, USA
Provided by:

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