5661 Glenway Portfolio

5661-5665 Glenway Ave, Cincinnati Ohio

RENOVATION VALUE ADD OPPORTUNITY

multiple competitive communities around 5661 Glenway have completed interior renovations and are achieving over $200 higher rents than the average effective rent of $638. This leaves an opportunity for an incoming investor to complete the renovation plan and increase revenue.

OPPORTUNITY TO RECAPTURE THE UTILITY EXPENSE

Currently 5661 Glenway is paying for heating (gas boiler) for both buildings. By implementing a utility charge, a new owner could significantly increase other income up to $10,000 annually.

YEAR BUILT
1951
RENTABLE SQFT
10,000
UNITS
20