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$370,000
Est. payment /mo
5,343 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 5,343 sqft
Price per Sqft $69
MLS Listing ID 1838775
Year Built 1920
Lot Size 3,136 Sqft
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
This fully rented mixed-use property in Elmwood Place features 10+% CAP RATE with a large retail space on the first level with 3 residential apartments above. With B-2 zoning and a diversified unit mix, this property is a money maker! The new lessee in the commercial space is an established nail salon having just relocated to this building. The apartments on the upper level have many updates and offer a solid income stream. The large basement with private owner access allows for storage or consider renting to tenants and other consumers. The apartment units have a great mix with 1 efficiency, 1 two bed and 1 three bed unit, all with solid rents. Tenants pay separate utilities including heat while the owner is responsible for water. Start cash flow on day one of your ownership with this solid investment!
Location
State OH
County Hamilton
Area Hamilton-W01
Zoning Multi Family,See Remarks
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Window Unit, Wall Unit
Fireplaces Type None
Window Features Double Hung
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District St Bernard Elmwood P
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Listed by RE/MAX Preferred Group