12 & 14 W Court St. benefits from a City of Cincinnati tax abatement through 2038 and carries prestigious Gold LEED certification, providing investors with significant operating savings and appeal. With the abatement in place, property taxes remain fixed for the next 13 years, further strengthening long-term cash flow. Offered at a 7.43% cap rate, this fully occupied 15-unit mixed-use property includes 13 modern apartments and 2 commercial spaces in the Central Business District, close to Over-the-Rhine and next to Kroger's corporate headquarters. Steps from restaurants, bars, and entertainment, residents enjoy high-end finishes, efficient mini-split systems, stylish common areas, and the rare advantage of multiple nearby parking options.
Property Features
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Electric
Interior Features
Land Info
- Lot Size Acres: 0.069
- Lot Size Square Feet: 3006
Garage and Parking
- Parking Features: Onstreet, Public
Rental Info
Multi-Unit Info
School Information
- High School District: Cincinnati City SD
Homeowners Association
- Maintenance Expense: 6880
Other Property Info
- Source Listing Status: Pending
- County: Hamilton
- Source Property Type: Residential Income
- Insurance Expense: 11120
- Area: Hamilton-E01
- Source Neighborhood: Hamilton-E01
- New Taxes Expense: 14830
- Parcel Number: 076-0002-0138-00
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 162721
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1900
- Construction Materials: Brick
- Foundation Details: Stone
- Property Age: 126
- Roof: Membrane
- Levels or Stories: QuadLevel
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 4536