For Sale
For Sale
-
Year Built
1976
-
Overview
Site is a short drive to Caesars Creek State Park, Renaissance Annual Elizabethan Theatre event; and world class amusement park, Kings Island (northern part of Cincinnati). Located in newly designated Opportunity Zone! Prime location near International Wilmington Air Hub. Wilmington is approximately a 1 hour drive to the cities of Dayton, Cincinnati, & Columbus. Access to I -71 is only 4 miles away. Location is also home to the renown liberal arts college, Wilmington College. Amazing location and excellent infrastructure with 89 units. Established operations with increased rents will create market interest. Workforce housing in the heart of the city. This is a highly sought-after product by national market investors. Asking price is $2.89 million with a 7% cap rate.
Property Details
Site is a short drive to Caesars Creek State Park, Renaissance Annual Elizabethan Theatre event; and world class amusement park, Kings Island (northern part of Cincinnati). Located in newly designated Opportunity Zone! Prime location near International Wilmington Air Hub. Wilmington is approximately a 1 hour drive to the cities of Dayton, Cincinnati, & Columbus. Access to I -71 is only 4 miles away. Location is also home to the renown liberal arts college, Wilmington College. Amazing location and excellent infrastructure with 89 units. Established operations with increased rents will create market interest. Workforce housing in the heart of the city. This is a highly sought-after product by national market investors. Asking price is $2.89 million with a 7% cap rate.
- Property TypeMulti-Family
- Year Built1976
- Sale Price$2,890,000
- Total Building Size60,000RSF
- Sale StatusAvailable
- Property ID2159104