3897 Vine Street

Cincinnati, OH 45217

Description

Rare investor opportunity with this well-maintained and fully occupied 8-unit apartment building in North Avondale! All units feature 1-bedroom and 1-bathroom with an average rent of $985/month and additional rental upside with proforma rents above $1,000/unit/month - easily exceeding the 1% rule. The units feature beautiful hardwood floors throughout and have been meticulously maintained, creating an attractive living environment for tenants while minimizing ongoing capital expenditures. Extensive mechanical and exterior improvements have been completed - including a new hot water heater (2025), newly paved driveway (2024), high-efficiency Phantom boiler (2020), new roof and gutters (2017), and replacement windows installed throughout the last 10 years. Additional income potential is provided by four attached 2-car garages offering enclosed parking for up to eight vehicles as well as coin-operated laundry machines in the basement which generate $1,000/year.

Property Details