Jennifer Donathan of Sperry Van Ness is pleased to present a bank motivated sale of Glenwood Apartments. The complex is very well maintained with a value add component. The property is in need of replacement windows which could dramtically reduce the heating expense to the owner. The gas boilers could also updated to run more efficiently. The current on-site management team is willing to stay on and manage and they appear to be doing an excellent job with tenant screening and retention and the upkeep of the building.

Location Description:

Glenwood Apartments is located in Avondale one of Cincinnati's many neighborhoods. The complex is located next door to a local elementary school and backs right up to MLK Jr. Park. The community is only a short distance to the local library and several churches.

Highlights:

>> Bank Motivated Short Sale - $10,102/Unit

>> Tenants Pay Electric, 16 Attached Garages

>> 88% Occupied - 49 Units Mix Of One & Two Bedrooms

>> Well Maintained Complex With Value Add Opportunity

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