Purchase Price $1,550,000

66 units
(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.