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$590,000
Est. payment /mo
6,141 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1881611
Year Built 1961
Lot Size 6,141 Sqft
Lot Dimensions Irregular
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Excellent investment featuring TWO four-family buildings with EIGHT 1 bed 1 bath units being sold together w/strong cash flow & additional upside potential by adding a 5th unit in both basements. Both buildings must be sold together (no exceptions). Shared coin laundry facilities, ample off-street parking in private lot, dumpster onsite. 7 of 8 units are leased & newly renovated w/new flooring, modern kitchens & bathrooms. Current gross rents for 7 occupied units-$6,260 per month, $75,120 yearly. Projected rent when fully occupied-$7,105 per month, $85,260 yearly. At 2934, one vacant unit actively being marketed for rent at $845, owner pays heat and water, basement space is already income producing and currently rented as office/storage space. At 2940, owner pays water only, basement has bathroom rough-in & ready for finishing, creating additional future income potential. Major capital improvements include new sewer line, newly paved driveway, new fencing & remodeled units. As-is sale.
Location
State OH
County Hamilton
Area Hamilton-W04
Zoning Residential,Multi Family
Rooms
Basement Full
Interior
Interior Features Storage Area
Heating Forced Air, Gas
Cooling Wall Unit
Fireplaces Type None
Inclusions 8 refrigerators, 8 stoves
Window Features Vinyl
Exterior
Exterior Feature Wood Fence
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Cincinnati City Sd
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Listed by Sibcy Cline, Inc.
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