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1728 Central Ave

Middletown, OH 45044
  • $369,900
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 1782188
$369,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,760
    SQFT
  • $64
    $/SQFT
Type:
Commercial
Built:
1927
County:

School Ratings & Info

School District:
MLS of Greater Cincinnati logo

Description

Great investment opportunity (12% cap rate) in the heart of the downtown business district! $45,120/year gross income. 4 apartments and 1 storefront. 100% occupied. All apartments are rented for $695/month. The storefront is a consignment shop and is rented for $1000/month. Tenants pay gas/electric and owner pays water, maintenance, trash, common area electric. Completely gutted and remodeled with new roof, walls, electric, plumbing, furnaces, and all apartments are brand new inside (kitchen, appliances, baths). Coin Laundry in 2nd floor hallway. Permits were pulled for all work and city approved. Call list agent for showing instructions.

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MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2023-09-22T00:13:32.63.
www.searchnorthernkentucky.com/homes/142975690
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1728 Central Ave Middletown, OH 45044

  • Price: $369,900
  • Status: Active
  • On Site: 21 Days
  • MLS #: 1782188
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,760
SQFT
$64
$/SQFT
1927
Built
County:
Butler
School District:
Middletown City Schools
Property Description
Great investment opportunity (12% cap rate) in the heart of the downtown business district! $45,120/year gross income. 4 apartments and 1 storefront. 100% occupied. All apartments are rented for $695/month. The storefront is a consignment shop and is rented for $1000/month. Tenants pay gas/electric and owner pays water, maintenance, trash, common area electric. Completely gutted and remodeled with new roof, walls, electric, plumbing, furnaces, and all apartments are brand new inside (kitchen, appliances, baths). Coin Laundry in 2nd floor hallway. Permits were pulled for all work and city approved. Call list agent for showing instructions.
Exterior Features

Construction Materials Brick Exterior Features LightingCommon Entrance Foundation Details Stone Levels Two Lot Size Dimensions .07 Parking Features On Street Property Condition Good Road Frontage Type City Street Roof FlatMembrane Structure Type Mixed Use

Interior Features

Appliances OvenRefrigerator Basement FullConcrete Cooling None Heating Forced Air Interior Features High CeilingsNatural Woodwork

Property Features

Association YN No Business Type Retail Gross Income 45120 Lease Considered YN No Owner Pays SewerTaxesWaterRepairsTrash CollectionExterior MaintenanceInterior MaintenanceCommon Area Maintenance Pets Allowed No Property Sub Type Mixed Use Security Features Fire Escape Tax Annual Amount 663 Tenant Pays GasElectricity Utilities Natural Gas Connected Water Sewer Expense 1440 Water Source Public Zoning Types Commercial

MLS of Greater Cincinnati logo © 2023 MLS of Greater Cincinnati, Inc. All rights reserved. Listing courtesy of Exp Realty, Llc, 866-212-4991 and Mindy Baumann, . Information deemed reliable but not guaranteed.
MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2023-09-22T00:13:32.63.
 
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