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465 E Pike St

Morrow, OH 45152
  • $480,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1761320
UPDATED: 60 min ago
$480,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:
MLS of Greater Cincinnati logo

Description

Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Walkable distance to The Village of Morrow!

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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 2023-01-29T17:13:33.88.
www.searchnorthernkentucky.com/homes/135716333
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465 E Pike St Morrow, OH 45152

  • Price: $480,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 60 min ago
  • MLS #: 1761320
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
County:
Warren
Area:
Morrow
School District:
Little Miami Local S
Property Description
Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Walkable distance to The Village of Morrow!
Exterior Features

Construction Materials Aluminum Siding Foundation Details Poured Levels Two Lot Size Dimensions Of Record Parking Features NoneParking Lot Roof Shingle Structure Type Duplex

Interior Features

Basement Full Bedrooms Possible 0 Cooling None Fireplace Features None Heating Natural GasRadiantHot Water Window Features Insulated WindowsVinyl Window(S)

Property Features

Association YN No Lease Considered YN No New Construction YN No Open Parking Spaces 15 Owner Pays Heating Property Sub Type Apartment Senior Community YN No Sewer Public Sewer Tenant Pays Water Utilities Separate Meters Water Source Public

MLS of Greater Cincinnati logo © 2023 MLS of Greater Cincinnati, Inc. All rights reserved. Listing courtesy of Keller Williams Advisors, 513-766-9200 and James Smalligan, . 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 2023-01-29T17:13:33.88.
 
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