518 Forest AveCincinnati, OH 45229

Property Details for 518 Forest Ave

Year built

1890

Property size (Sq ft)

3,028 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This two-unit apartment building in Cincinnati's Avondale neighborhood presents a compelling value-add investment opportunity. The property, located at 518 Forest Ave, boasts 3,028 square feet and is priced at $174,900, or $87,450 per unit and $57.76 per square foot. Built in 1890, this two-story building features two units, each with 2-3 bedrooms and 1 bathroom, and laundry hookups. Recent improvements include complete rewiring and a new water line. While some finishing touches are needed, including drywall, HVAC installation, and kitchen/bathroom upgrades, the property benefits from a solid foundation, a new roof, and sealed gutters. Its central location offers proximity to local hospitals, parks, and the Cincinnati Zoo. The property's Assessed Parcel Number (APN) is 113-0002-0046-00. This property is ideal for investors seeking a project with significant upside potential in a desirable urban setting. The property is ready for an investor to add their personal touch and increase the value. This is a chance to acquire a well-located property with a strong foundation for future growth. The Hamilton County location provides access to a thriving community and convenient amenities.

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1462

Longitude

-84.4966

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