UNITS: 176 | YEAR BUILT: 1953/1975
Marcus and Millichap is please to present Cedar Ridge Apartments in Park Hills, Ky just 10 minutes south of downtown Cincinnati. The community was built in two phases, the first in 1953 and the second in 1975, totaling 176 units between the 13 buildings. The submarket of Park Hills is primarily residential with a large concentration of owner occupied homes creating a quiet community only a short 5-10 minute drive from large retail and leisure hubs. Renter demand for the area is evident in the success of recent rental increases implemented by current ownership without large interior upgrades creating roughly 13% loss to lease on the January rent roll.
|Address:||1198 South Arlington Road|