OH > Cincinnati > Pleasant Ridge
Cincinnati, OH 45212,5500 Glengate Ln
Cincinnati, OH 45212,5500 Glengate Ln
Cincinnati, OH 45212,5500 Glengate Ln
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Lindzie Gunnels

Lindzie Gunnels

+1(513) 658-2667
$3,500,000
Est. payment /mo
66,400 SqFt
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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

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Cincinnati MLS (CincyMLS)
Listed by Prodigy Properties

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agent

Lindzie Gunnels

+1(513) 658-2667

Managing Broker | License ID: 2022004998

Managing Broker License ID: 2022004998

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