Off Campus Student Housing Portfolio - University of Cincinnati
2724 Jefferson Avenue
Cincinnati, OH 45219
Highlights
- Value add opportunity with below market rents
- Prime location in the Southwest Ohio area
- Ideal investment in the fiercely competitive student housing market
- Portfolio can be sold individually or as a package
- 10 of the 12 buildings are within a couple blocks from each other
- Some buildings are contiguous
- Strong historical occupancy rates for the market
- Attractive unit mix
Description
Kyle Woodland of Reinvest Consultants and Jennifer Donathan of KW Commercial is pleased to present this excellent opportunity to acquire off-campus student housing serving the University of Cincinnati. Introducing a prime investment opportunity in Cincinnati Ohio, this impressive portfolio consists of 12 parcels, 13 buildings and 34 individual rents. The portfolio can be sold as a package or individually. This could be an opportunity for a local investor already vested in the neighborhood to scale to market or for a first-time student housing investor to get their foot in the door. There is no doubt of the strong rental demand. This multifamily gem presents a compelling option for savvy investors looking for a high-performing asset in a sought-after location. Ten of 12 parcels are tax abated until 2032 which allows the new owner to enjoy the lower than market real estate taxes for the next 8 years. Most of the units are already pre-leased for the 2024-2025 school year. Don't miss the chance to add this desirable property to your investment portfolio.
Discover the vibrant atmosphere surrounding the Off Campus Student Housing Portfolio serving the University of Cincinnati. Located in Corryville also referred to as CUF encompassing Clifton Heights, University Heights and Fairview, this sought-after area offers an array of amenities and attractions, providing an ideal setting for this type of investment. The UC campus is directly across the street from most of the portfolio with all properties situated only minutes away. Residents can explore the eclectic dining and entertainment options in the vibrant Clifton neighborhood including along Short Vine. Nearby, the scenic Burnet Woods Park offers a serene retreat, while the Cincinnati Zoo & Botanical Garden presents a popular destination for leisure activities. With its central location and diverse array of local attractions, the area surrounding the property offers an appealing investment opportunity for multifamily investors.
