5843 Harrison AveCincinnati, OH 45248

Property Details for 5843 Harrison Ave

Year built

1988

Lot size

1.29 AC

Property type

Apartment buildings

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in Cincinnati, Ohio. Located at 5843 Harrison Ave, this three-story, 1988-built property underwent a complete renovation in 2021, boasting modern units and a strong NOI of $165,000, yielding a 6.35% cap rate. The asking price is $2,600,000, translating to $216,667 per unit. Situated on a 1.29-acre lot (APN 550-0183-0052) with MF zoning, this property benefits from its prime location. Just blocks from I-74, it enjoys high visibility with over 30,000 vehicles passing daily on Harrison Avenue. The building's strategic placement across the street from major anchors like Kroger, Cinemark Theatres, Cincinnati Children's Hospital, and Christ Hospital ensures consistent demand and high occupancy rates. This multifamily investment offers not only strong current returns but also potential for future development on the sizable lot. The property's Class C designation reflects its solid value and potential for appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Cincinnati location.

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1739

Longitude

-84.6416

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