Overview
We are pleased to present The Bloks – an exceptional 86 unit investment opportunity in the Roselawn Neighborhood of Cincinnati. Priced aggressively at $3,799,999 ($44,186 per unit), this property is a great addition for any portfolio. This Turnkey Opportunity consists of 86 remodeled studio apartments totally over 30,000 rentable sqft spread across four buildings on a spacious 3.6 acre lot.
Orginally built in 1947, the property underwent a full interior and exterior renovation in 2023 delivering modern, efficient living spaces while keeping a quiet residential feeling to the property. This property is an attractive spot for tenants, due to convenient access to major highways including I-75.
This is a special opportunity to get a turn key property, while having the ability to add value through management and optimizing rents in the near future.
Investment Highlights
All 86 units are fully turnkey and have been comprehensively renovated. The property features new roofs, gutters, and downspouts, along with a completely updated electrical system including new wiring, panels, and service. A full plumbing overhaul was completed from the ground up, and all windows and doors have been replaced.
Interior common areas include new drop ceilings in the hallways, and the units themselves feature updated fixtures, flooring, lighting, cabinets, and kitchenette finishes. Additionally, new water heaters have been installed throughout the property. Overall, this is a true turnkey asset with strong potential for rent growth.
REMODEL DATES / INFORMATION:
All 86 units, along with the full scope of capital expenditure improvements listed above, were fully remodeled in 2023.
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