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$ 2,000,000
Est. payment | /mo
0.47 Acres Lot
$ 2,000,000
Est. payment | /mo
0.47 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1884043
Year Built 1966
Lot Size 0.471 Acres
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations make this a stable, income-producing asset with immediate cash flow and long-term upside.
Location
State OH
County Hamilton
Area Hamilton-E07
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Cooling Wall Unit
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Keller Williams Advisors