1219 Franklin Ave new Save Request In-Person Tour Request Virtual Tour
Cincinnati,OH 45237
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 2,764 sqft
Price per Sqft $135
MLS Listing ID 1858120
Year Built 1941
Lot Size 6,272 Sqft
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Turnkey 4-Unit in Bond Hill - Fully Renovated Investment Property. This 4-unit building in Bond Hill featuring high-end finishes throughout, including granite countertops, tile bathrooms, and modern fixtures. Each unit has been completely updated, offering top-of-the-line finishes and stable rental income. The property generates $48,000 in annual gross income with total expenses of $14,960, which include: Insurance: $2,660 Property Management (7.5%): $3,600 Heat & Electric (each unit separately metered): $3,337 Taxes: $2,963 Maintenance (5%): $2,400 At a $375,000 asking price, the property delivers an 8.8% cap rate. This is a turnkey asset fully renovated, fully leased, and generating cash flow from day one. Additionally, the seller would consider selling three nearby single-family homes in Bond Hill.
Location
State OH
County Hamilton
Area Hamilton-E02
Zoning Multi Family
Rooms
Basement Full
Interior
Heating Electric,Radiant,Gas
Cooling Window Unit
Fireplaces Type None
Window Features Casement
Exterior
Parking Features Attached
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