|Annual Taxes||Of Record|
|Lot Size||3.769 acres (per auditor)|
|Defendant||AHA - Colonial Village, LLC|
|Square Feet (per auditor)||61,875|
|Number of Units||See Description|
|Showings & Availability||Yes|
Court-Appointed Receiver sale. Online bidding only. Prodigy Properties is pleased to present Colonial Village Apartments for sale, an ~62,000 SF apartment complex located in Avondale, Ohio, a neighborhood less than six miles from the flourishing Downtown Cincinnati. The complex is situated on 3.77 acres and is 53% occupied, presenting an intriguing value-add opportunity. Of the 66 total units, 33 are three-bedroom / one-bath and the other 33 are two-bedroom / one-bath. Associated with the property is an active project-based Section 8 HAP Contract, which covers 100% of the units. The current HAP contract expires in 2035 and is renewed in 20 year increments. The property will be sold non-contingent of the buyer obtaining HUD approval for the HAP contract. Subject property is surrounded by both residential and other commercial properties. Nearby amenities include, but are not limited to, the University of Cincinnati, Xavier University, Cincinnati Zoo & Botanical Garden, Good Samaritan Hospital, Cincinnati Children’s Hospital, grocery stores, churches, gas stations, parks, schools, playgrounds, and a variety of restaurants. Significant upside potential exists by curing deferred maintenance and increasing occupancy. Do not miss out on this unparalleled opportunity.
Unit breakdown (all one bath):
To tour the property and receive any due diligence information, prospective bidders must:
Furthermore, to be granted bidding access, a prospective bidder must, in addition to the above:
Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon. BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION. High successful bidder must wire transfer a deposit of 10% of the final purchase price by 5pm EST on the next business day after the auction conclusion (Monday, June 14, 2021).
Key sale points:
|Bidder||Bid Amount||Date Made||Winner|