Description
Being sold as a package, this six-property, 104-unit portfolio is 100% occupied and offered at $11,030,000, or $106,058 per unit, with average in-place charges of $1,224 per unit. The portfolio is priced at a 7.53% cap rate based on historical T-12 actual financials. Located approximately two blocks from the University of Cincinnati, the properties benefit from exceptional proximity to campus, Uptown employment, and surrounding medical institutions. Strong demand from students, graduate students, faculty, and medical professionals, combined with convenient off-street parking, makes this a highly desirable and well-positioned portfolio....read more The portfolio was assembled and held by ownership for approximately 20 years. Additional properties include 384 Probasco, 356 Probasco, 618 Probasco, 274 Senator, and 2409-2417 W Clifton. Additional information and financials are available upon request.