Fred Kohlrieser
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2301 Salvador Street
Cincinnati, OH 45230

$2,000,000

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Listing Details

  • $2,000,000
  • MLS# 1884043
  • Type Multi Unit - Multiple
  • Status Active
  • 0.471 acres
    Lot Size
  • 1966
    Year Built
  • Cincinnati
    Local Schools

Local Information

Listed By

Agency Name: Keller Williams Advisors
Agent Name: Andrew Kroeger
Agency Phone: 513-766-9200

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Shown By

Agent Name: Fred Kohlrieser
Agent Phone: (937) 361-5710
Agency Title: Irongate Inc., Realtors

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Home Value Estimate


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...read more

Features

  • Wall Unit
  • 0 Fireplace
  • Gas, Hot Water
  • 3.0 Stories
  • $16,800 Taxes
  • Public
  • Built in 1966

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