Description
THE SUB-MARKETS
The two offerings are located in the Price Hill and Westwood submarkets. These sub-markets have had large public and privately funded projects that have been delivered or broken ground in the past 24 months:
i. Price Hill: Delhi Towne Square mixed-use development totaling
$60 million
ii. Price Hill: Community ARCO totaling $15 millions
iii. Price Hill: Historical building revitalization project totaling $10
million
iv. Westwood: Lick Run project totaling $193 million
VALUE-ADD OPPORTUNITY – 2861 Harrison
2861 Harrison Ave has completed renovations on one-third of the units that are achieving the pro forma rents of $850/month. The remaining units have an average effective rent of $726 leaving an opportunity for an incoming investor to complete the renovation plan and increase revenue.
VALUE-ADD OPPORTUNITY – 503 Woodlawn
Multiple competitive communities around 503 Woodlawn have completed interior renovations and are achieving over $150/month higher rents than the average effective rent at the subject property. An incoming investor can duplicate the renovation business plan that has been completed in the area and add value to the property.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 503 Woodlawn | 2861 Harrison |
| City: | Cincinnati |
| State: | OH |
| Year Built: | 1972 |