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$ 375,000
Est. payment | /mo
2,764 SqFt
$ 375,000
Est. payment | /mo
2,764 SqFt
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
Listed by Rath Equity, LTD