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$ 475,000
Est. payment | /mo
0.28 Acres Lot
$ 475,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1872274
Year Built 1962
Lot Size 0.277 Acres
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Rare opportunity to acquire a 4-family in Golf Manor featuring a strong unit mix of two 4-bedroom, 1.5-bath units and two 3-bedroom, 1.5-bath units. Large bedroom counts are limited in this market and support strong rental demand. Two units have been fully renovated with modern finishes including new kitchen cabinets, granite counter tops, updated vanities, new flooring, fresh paint, and in-unit stackable washer and dryers in the 4-bedroom units. One additional unit has been updated, while one unit offers value-add opportunity. Current rents include a 4-bedroom unit at $1,500/month and a 3-bedroom Section 8 tenant at $1,132/month. Proven rents support up to $1,750 for 4-bedroom units and $1,450-$1,550 for 3-bedroom units. Pro forma rents project approximately $6,000+ per month once fully leased. Roof replaced in 2024. Property offers immediate upside through lease-up and rent adjustments. Ideal for investors seeking strong cash flow with a clear path to stabilization.
Location
State OH
County Hamilton
Area Hamilton-E02
Zoning Multi Family
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Wall Unit
Fireplaces Type None
Window Features Other
Exterior
Parking Features Oversized, Carport
Garage Spaces 4.0
Garage Description 4.0
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
Listed by Keller Williams Seven Hills Re
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