532 Rockdale AveCincinnati, OH 45229
- Apartment buildings
- 10,179 SF
Property Details for 532 Rockdale Ave
- Year built
- 1955
- Property size (Sq ft)
- 10,179 SF
- Property type
- Apartment buildings
Description
This exceptional 12-unit apartment building, located at 532 Rockdale Ave in Cincinnati, Ohio (45229), presents a compelling investment opportunity. The property, built in 1955, comprises a single two-story building totaling 10,179 square feet (APN: 113-0001-0025-00). The unit mix includes ten two-bedroom units, one one-bedroom unit, and a studio apartment. Currently, two units are vacant, offering immediate potential for increased revenue. Each unit features individually metered electric service, with tenants responsible for their own electricity costs. The building is heated by a boiler system, recently upgraded with a new water heater, ensuring efficient and reliable operation. A significant advantage is the convenient proximity to a church, providing tenants with additional parking. This property offers substantial potential for value-add improvements and represents an ideal acquisition for investors seeking a project with significant upside. The asking price is $810,000. This is a rare opportunity to acquire a well-located multifamily property in a growing Cincinnati neighborhood.
Location Insight
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Latitude
- 39.1451
- Longitude
- -84.4961
Comparable in this City
Similar Nearby for Sale
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