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$ 2,190,000
Est. payment | /mo
3,005 Sqft Lot
$ 2,190,000
Est. payment | /mo
3,005 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1856373
Year Built 1900
Lot Size 3,005 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
12 & 14 W Court St. benefits from a City of Cincinnati tax abatement through 2038 and carries prestigious Gold LEED certification, providing investors with significant operating savings and appeal. With the abatement in place, property taxes remain fixed for the next 13 years, further strengthening long-term cash flow. Offered at a 7.43% cap rate, this fully occupied 15-unit mixed-use property includes 13 modern apartments and 2 commercial spaces in the Central Business District, close to Over-the-Rhine and next to Kroger's corporate headquarters. Steps from restaurants, bars, and entertainment, residents enjoy high-end finishes, efficient mini-split systems, stylish common areas, and the rare advantage of multiple nearby parking options.
Location
State OH
County Hamilton
Area Hamilton-E01
Zoning Multi Family,Commercial
Rooms
Basement None
Interior
Heating Electric
Cooling Central Air
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories QuadLevel
New Construction No
Schools
School District Cincinnati City Sd
Others
Miscellaneous Individual Laundry
Listed by Keller Williams Advisors