UNIT COUNT: 18 | SF: 13,500
Prospect Place is currently a fully vacant 12-unit apartment building half a mile north of the UC medical network in Avondale. The apartment was originally 18-units, with 18 individual electricity meters in addition to the house meter. The highest and best use would be to convert the property back to the original unit composition.
The Avondale submarket maintained an average occupancy level of 96% through 2020 with steady rental growth on pace with Cincinnati’s average of 2%. The submarket has a very limited supply pipeline, bring on 119-Units at the end of 2019 with only another 64-units proposed.
|Address:||542 Prospect Place|