518 Forest Ave, Cincinnati, OH 45229
- Commercial real estate
- 3,028 SF
Current Use by Public Records
- Commercial real estate
Property Details for 518 Forest Ave
- Year built
- 1890
- Property type
- Commercial real estate
- APN
- 113-0002-0046-00
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.4965927
- Latitude
- 39.1462117
