3204 Mozart AveCincinnati, OH 45211

For Sale
$1,850,000

24-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 24-unit apartment building, located at 3204-3206 Mozart Avenue in Cincinnati, Ohio's Westwood neighborhood, presents a compelling investment opportunity. Built in 1978, this single-building property boasts a strong net operating income (NOI) of $157,339, translating to an attractive 8.50% capitalization rate. The asking price is $1,850,000, representing a price per unit of $77,083.33. All 24 units are one-bedroom apartments, providing a consistent and manageable rental portfolio. The property's convenient Westwood location offers residents proximity to a variety of shops and restaurants, enhancing its appeal to tenants and contributing to its strong occupancy rates. This well-maintained building presents a solid foundation for immediate cash flow and potential future appreciation. The property is situated in Hamilton County, Ohio, with a zip code of 45211. Its prime location and strong financial performance make this a highly desirable investment for discerning buyers seeking a stable and profitable multifamily asset in a thriving Cincinnati neighborhood. The property's financial performance and location make it an attractive investment opportunity. Further details are available upon request.

Highlights

  • $1,850,000 asking price for a 24-unit apartment building.
  • 8.50% cap rate with a $157,339 Net Operating Income (NOI).
  • Located at 3204-3206 Mozart Ave, Cincinnati, OH 45211.
  • All 24 units are one-bedroom apartments.
  • $77,083 per unit price.
  • Built in 1978.

Property Details for 3204 Mozart Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1978
Buildings
1
Units
24

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1541091
Longitude
-84.6064526
3204 Mozart Ave, Cincinnati, Ohio

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3204 Mozart Ave
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