3840 Applegate Ave Cincinnati, OH 45211

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Listed by Marianne Taylor · License #OH: SAL.2019007260; KY: 269023 Show Phone

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Added: May 14 Updated: Jul 22 at 4:56AM Checked: Jul 22 at 4:56AM

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Investment Insights

Based on property information with market context.

Dina Towers is a mid-rise, condo-structured multifamily property offering 30 condoized units. The current program includes recently renovated units, positioned to support higher rents relative to unrenovated units per the seller’s remarks. The property also offers operating improvement opportunities, including the ability to increase net operating income by recovering utility expenses currently not billed to residents.

The building is located on Cincinnati’s West Side at 3840 Applegate Ave. In addition to apartment income, the offering references ancillary revenue potential through monetizing storage units and adding a cable and internet program.

Overall, Dina Towers combines condoized unit structure with an established renovation framework and additional on-site income levers identified by the current ownership.

Key Highlights

• Dina Towers is a condo‑structured mid‑rise multifamily building with 30 condoized units in Cincinnati’s West Side submarket
• Includes recently renovated units that are achieving rent premiums compared to unrenovated units
• Opportunity to implement a strategic renovation program based on demonstrated rent premiums from renovations

Property Analytics

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FAQs

What type of property is this?

Apartment building - Condo-structured mid-rise multifamily with 30 units and recently renovated apartments, plus utility recovery and ancillary income opportunities.

Where is this apartment building located?

The property is located at 3840 Applegate Ave Cincinnati, OH.

What are key features of this property?

This property features: Dina Towers is a condo‑structured mid‑rise multifamily building with 30 condoized units in Cincinnati’s West Side submarket; Includes recently renovated units that are achieving rent premiums compared to unrenovated units; Opportunity to implement a strategic renovation program based on demonstrated rent premiums from renovations