5500 Glengate Ln Active Save Request In-Person Tour Request Virtual Tour
Cincinnati,OH 45212
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 66,400 sqft
Price per Sqft $52
Subdivision Pleasant Ridge
MLS Listing ID 1846652
Year Built 1959
Lot Size 5.630 Acres
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Court Appointed Receiver Sale, opportunity to acquire 5500 Glengate Lane. Offers a rare, large-scale value-add multifamily opportunity in Pleasant Ridge, a desirable neighborhood in Cincinnati, OH. This 5.63-acre site consists of seven (7) three-story garden-style buildings totaling 73 units & approximately 66,400 rentable square feet. The unit mix includes 62 two-bedroom & 11 one-bedroom apartments, complemented by 80 on-site parking spaces. Built in 1959, the property features spacious layouts & solid mid-century construction, ideal for interior renovations & exterior enhancements. Currently operating at approximately 25% occupancy, the asset is well-positioned for a full repositioning strategy. Investors can unlock significant upside through strategic upgrades, improved management, & lease-up of the vacant units. Centrally located near I-71 & the growing Pleasant Ridge entertainment district, the property benefits from strong rental demand & long-term growth potential.
Location
State OH
County Hamilton
Area Hamilton-E05
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Others
Virtual Tour https://views.buildout.media/v/7MqROLbP1dW