Purchase Price $1,300,000
(12) 1 bed/1 bath (15) 2 bed/1 bath
CAP Real Estate is proud to present French Quarter Apartments, currently a 26 unit apartment complex. Located next to the popular Incline Public House and The Incline Village Condos, French Quarter Apartments offers an investor the option of improving the current 26 units to a Class A property or realized the potential of view and location as a new ground up development. The three bedroom unit can easily be converted back to a 1 Bedroom unit and a 2 bedroom unit to increase the unit count back to the original 27 units.
The French Quarter Apartments is one of the few properties still on the market that offers an investor a real "Value-Add" opportunity. Each unit enjoys the same spectacular views of Downtown Cincinnati, the Ohio River, and Northern Kentucky. An investor has tremendous upside by improving the units to a Class A standard to attract renters willing to pay Class A Rents.