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$ 524,900
Est. payment | /mo
8,537 Sqft Lot
$ 524,900
Est. payment | /mo
8,537 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1872483
Year Built 1870
Lot Size 8,537 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Position your capital in a high-demand rental pocket with this 9-unit multi-family asset. Designed for efficient urban living, this property offers a streamlined management profile and a significant value-add path through the stabilization of three vacant units. The Investment Strategy: Efficiency & Scale Immediate Value-Add: 3 units are currently vacant and ready for a fresh renovation. This allows the next owner to standardize finishes across the vacancies and immediately capture modern market rents. Low-Maintenance Floor Plans: The units are designed for maximum efficiency, minimizing turnover costs and utility overhead. These "smart-sized" units are in high demand for the local workforce seeking affordable, well-located housing. Operational Foundation: 6 units are currently occupied, providing a consistent income stream from day one to support debt service while you execute your renovation plan. Current rent roll $4,252 a month. As-Is, Where-Is
Location
State OH
County Hamilton
Area Hamilton-E01
Rooms
Basement Full
Interior
Heating Gas
Cooling Window Unit
Fireplaces Type None
Window Features Aluminum
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Plum Tree Realty
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