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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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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5,760SQFT
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$64$/SQFT
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.
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.