Contacts

Jennifer Donathan

Jennifer Donathan - KW - Advisors Realty

(513) 520-3540

Property Details

Property Type Multi-Family
Property Size 10,290 SF
Units 12
Lot Size 0.55 Acre
Parking Spaces Avail. 12
Year Built 1954
Date Updated Mar 26, 2024

Greenwood Avenue is situated in NORTH Avondale, home to famous and historic mansions of Cincinnati. The apartments are surrounded by a mix of single family homes, mansions, high rise condos at Rose Hill and other multi-family buildings. Greenwood Avenue is right in the middle of most investors and homeowners target area to purchase property if looking in NORTH Avondale. Investors are purchasing the surrounding properties, completely renovating and then reselling. The mansions only ¼ mile away have strong resales prices and most on the market for just a few days.Jennifer Donathan of KW Commercial and Kyle Woodland of Reinvest Consultants are pleased to present a 12-unit complex in Cincinnati, Ohio. The property consists of two contiguous brick buildings with a large shared parking lot. Each building contains six units with four 2-bedroom/1-bath and two 1-bedroom/1-bath units. Easy to maintain. Easy to rent and wait list is common. Both buildings have gas boilers, with one having been upgraded to a high-efficiency system and both have new pumps. Property features new gas water heaters, pitched shingle roofs, vinyl replacement windows, and a coin-op laundry in each building. The parking lot has been resurfaced and the gutters/soffits replaced. All 2-bedroom units are spacious, submetered for power, and have semi-private dining areas. Many units have updated bathrooms, kitchens, lighting, and flooring.

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Highlights

100% occupied
Eight 2 bed units / four 1 bed units
Raise rents for legacy tenants
Convert the four 1-bedroom units to tenant-paid utilities
Continue updating units and common areas for higher rents
Allow subsidized rents
Allow dogs to collect pet rent
Xavier University is 1 mile away. Tap into the student market.
Improve power/water efficiency to save on utilities.
Area has come up quickly in recent years. Buy and hold for appreciation.

Getting around

27/100
Walk Score ®
44/100
Transit Score ®
45/100
Bike Score ®

Powered by Walk Score ®

City Cincinnati, OH
Neighborhood North Avondale
Zip Code 45229
Market Cincinnati

Points of Interest

Brewery District

2.97 miles
Findlay Market–Race

3.00 miles
Findlay Market–Elm

3.08 miles
Liberty & Race

3.16 miles
Liberty & Elm

3.19 miles
Hanke Exchange

3.29 miles
14th & Elm

3.35 miles
12th & Vine

3.36 miles
JACK Casino

3.37 miles
Washington Park

3.39 miles

Shell

0.98 miles
Sunoco

1.07 miles
Mobil

1.14 miles
BP

1.45 miles
Speedway

1.75 miles
Shell

1.75 miles
UDF Fuel

1.78 miles
Daniels Street Fast Charger

1.88 miles
Clifton Court Garage Charging Station

1.96 miles
Shell

1.99 miles

Northern Avenue Garage

0.86 miles
Cincinnati Police Department District 4

0.95 miles
Visitor Parking

1.06 miles
Cintas Center East Parking Area

1.06 miles
North Employee Garage

1.09 miles
Lot 16

1.13 miles
CCHMC South Parking

1.14 miles
Shriners Garage

1.20 miles
UCMC Sabin Way Garage

1.21 miles
Eden Avenue Garage

1.35 miles

Quality Inn & Suites

1.17 miles
Graduate Cincinnati

1.47 miles
Hampton Inn & Suites Cincinnati - Uptown-University Area

1.63 miles
DoubleTree

1.71 miles
Gaslight Bed & Breakfast

1.73 miles
MainStay Suites Cincinnati University - Uptown

2.06 miles
Fairfield Inn

2.24 miles
Rest Inn

2.37 miles
Courtyard Cincinnati Midtown/Rookwood

2.41 miles
SpringHill Suites Cincinnati Midtown

2.45 miles

Kroger

1.57 miles
Clifton Market

1.76 miles
Kroger

1.87 miles
Kroger

1.99 miles
Target

2.23 miles
Whole Foods Market

2.34 miles
Freshmarket

3.15 miles
Kroger Hyde Park

3.27 miles
Meijer

3.37 miles
Kroger

3.39 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

697 - 701 Greenwood Avenue