2805 Digby Ave, Cincinnati, OH 45220
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2805 Digby Ave, Cincinnati, OH 45220
2805 Digby Ave, Cincinnati, OH 45220
2805 Digby Ave, Cincinnati, OH 45220
2805 Digby Ave, Cincinnati, OH 45220
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Scott Baker

Scott Baker

+1(513) 403-5323
$ 11,030,000
Est. payment /mo
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2805 Digby Ave Cincinnati, OH 45220

0.38 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1893888

Lot Size 0.380 Acres

Property Sub-Type Commercial

Source Cincinnati Multiple Listing Service

Property Description

Being sold as a package, this six-property, 104-unit portfolio is offered at $11,030,000, or $106,058 per unit, at a 7.53% cap rate based on historical T-12 actual financials. Located two blocks from the University of Cincinnati, the property benefits from exceptional proximity to campus, Uptown employment, and the surrounding medical institutions. Strong year-round demand from students, graduate students, faculty, medical professionals, and young professionals, combined with convenient off-street parking, makes this a highly desirable rental location. 104-unit portfolio assembled and held by ownership for approximately 20 years. The property is 100% occupied and priced at a 7.7% cap rate on T-12 actual NOI. At $112,000 per unit, it provides immediate scale and strong current income within one of Cincinnati's most consistently sought-after rental markets.

Location

State OH

County Hamilton

Area Hamilton-E01

Rooms

Basement Full

Interior

Heating Gas

Cooling Central Air

Flooring Carpet

Exterior

View Y/N No

Water Access Desc Public

Roof Type Shingle,Membrane

Building

Faces I-75 to Hopple St, east toward UC, to Clifton Ave, to W McMillan St, to Digby Ave.

Foundation Poured

Sewer Public Sewer

Water Public

Level or Stories Three

New Construction No

Cincinnati MLS (CincyMLS)
Listed by Team Results Realty

NEARBY SCHOOLS & PROPERTIES

Scott Baker

Scott Baker

Agent License ID: 0000425067

+1(513) 403-5323

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2805 Digby Ave

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