Purchase Price $1,550,000
(66) 1 bed/1 bath
CAP Real Estate is pleased to present Bahama Terrace Apartments located at 5474 & 5484 Bahama Terrace in Cincinnati, Ohio. The current owner purchased the property in November of 2011 from a family who had owned the property 41 years. Current ownership began turning over units with the opportunity to rent to a higher paying tenant. With the help of Veterans Affairs and Cincinnati Metropolitan Housing Authority (CMHA), the current ownership is offering a safe environment for Veterans to live independently; which otherwise might not have a place to live. In addition to independent living, the VA is staffing a social worker to be onsite to assist Veteran Tenants with day-to-day support. CMHA will assist in the $558 rent for qualifying Veterans. Rent includes, owner paid water, electric, and gas. Tenants portion of the rent is based on their level of income. Current 40+ tenants are placed by the VA. As part of the program, the VA utilizes one of the units as an onsite office.