The subject property is a 28-Unit apartment building located in the Clifton neighborhood of Cincinnati. The property features 26: 1+1's and 2: 2+1's; TENANTS PAY THEIR HEATING EXPENSE - Electric Baseboard Heat. There is ample onsite parking, many of the units have been upgraded to feature hardwood floors and cabinets.

Location Description:

Located in the center of the City of Cincinnati, just 9 minutes from downtown, Clifton is a village-like community of quiet tree-lined, residential streets flanked by historic homes and mansions. With gaslights burning, Clifton beckons to both the cultured and urbane. Residents of Clifton are a mingling of students, educators, artists, professionals, and families.

Clifton bears close proximity to the the University of Cincinnati, and several leading medical centers. Residents enjoy easy access to all cultural, sporting, and entertainment facilities in the area. Uniquely lacking in strip malls and franchise stores, Ludlow Avenue is the heartthrob of the community with a collection of shops and restaurants, as well as Cincinnati's only surviving art theater. There are beautiful public parks and gardens in Clifton: Mt. Storm Park, Burnet Woods, and Rawson Nature Preserve. There are 14 houses of worship within the Clifton area.

Highlights:

>> 28 Units

>> Tenant Paid Heat

>> Clifton Neighborhood - Close to UC

>> Many Upgrades Throughout

>> 2 Years Financial Statements

>> Strong Historical Occupancy

>> Many Capital Improvements

>> New Roof in 2010-2011

>> Video Surveillance with Remote Monitoring and DVR Backup

>> Onsite Resident Manager

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Sales Info:

>> Cap rate: 12.6%

>> NOI: $78767