Multifamily
2679 Montana Ave
2679 Montana Ave, Cincinnati, OH 45211
Listing Price: $1,025,000
Investment Overview
Marcus & Millichap is pleased to present 2679 Montana Avenue, a well-maintained 11-unit apartment community located in Cincinnati’s desirable Westwood submarket. Built in 1971 and situated on 0.49 acres, the property offers approximately 9,350 rentable square feet with eleven two-bedroom apartments. Current occupancy stands at 82 percent, with average effective rents of $1,157 per month. 2679 Montana Avenue provides investors with a stabilized, income-producing asset offering multiple avenues for value creation, with upside through utility RUBS implementation and internet service pass-throughs—initiatives that can drive near-term NOI growth while maintaining operational simplicity and strong tenant appeal.
This can be purchased with 2457 and 2459 Montana - a 10-unit and 11-unit one half mile down the street.
2679 Montana Ave
Investment Highlights
- Stabilized Cash Flow Opportunity: The property has demonstrated strong trailing performance with economic vacancy less than 7 percent over the past 12 months. $1,157 average effective rent.
- Value-Add Potential: Additional upside through RUBS implementation and internet package reimbursement programs to enhance NOI.
- Well-Maintained Asset: Newer vinyl windows, pitched shingle roofs, updated interiors, and well-maintained property create a low-maintenance investment with minimal near-term capital needs.
- Desirable Westwood Location: Situated in a well-kept, established neighborhood near I-74, surrounded by other quality apartment communities and steady rental demand supporting long-term growth.
Exclusively Listed By
Listing Price: $1,025,000
Investment Highlights
- Stabilized Cash Flow Opportunity: The property has demonstrated strong trailing performance with economic vacancy less than 7 percent over the past 12 months. $1,157 average effective rent.
- Value-Add Potential: Additional upside through RUBS implementation and internet package reimbursement programs to enhance NOI.
- Well-Maintained Asset: Newer vinyl windows, pitched shingle roofs, updated interiors, and well-maintained property create a low-maintenance investment with minimal near-term capital needs.
- Desirable Westwood Location: Situated in a well-kept, established neighborhood near I-74, surrounded by other quality apartment communities and steady rental demand supporting long-term growth.
Investment Overview
Marcus & Millichap is pleased to present 2679 Montana Avenue, a well-maintained 11-unit apartment community located in Cincinnati’s desirable Westwood submarket. Built in 1971 and situated on 0.49 acres, the property offers approximately 9,350 rentable square feet with eleven two-bedroom apartments. Current occupancy stands at 82 percent, with average effective rents of $1,157 per month. 2679 Montana Avenue provides investors with a stabilized, income-producing asset offering multiple avenues for value creation, with upside through utility RUBS implementation and internet service pass-throughs—initiatives that can drive near-term NOI growth while maintaining operational simplicity and strong tenant appeal. This can be purchased with 2457 and 2459 Montana - a 10-unit and 11-unit one half mile down the street.
Exclusively Listed By
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