Listing Details
- $935,000
- MLS# 1873809
- Type Multi Unit - Multiple
- Status Active
Local Information
Listed By
Agency Name: Keller Williams Advisors
Agency Phone: 513-766-9200
Agent Name: Andrew Kroeger
Shown By
Agent Name: Tom Miller
Agent Phone: Cell: (937) 248-8226
Agency Title: Irongate Inc., Realtors
Home Value Estimate
Description
Turnkey 6-unit multifamily in Cincinnati's Over-the-Rhine with City tax abatement through 2032 (taxes just $1,679/yr). Mix of 3 one-bedroom and 3 studio units. Each unit features separate HVAC, in-unit laundry, and recently renovated. Updated plumbing, electrical, modern interiors, zero deferred maintenance. Hardwired internet system charged back to tenants, security cameras, and ample nearby public parking. Offered at 7.2% cap rate on $8,205/mo current rents. Value-add upside through rent growth as abatement matures and OTR submarket continues to strengthen.
Features
- Central Air
- 0 Fireplace
- Individual, Electric, Forced Air
- 3.0 Stories
- $1,672 Taxes
- Public
- Built in 1885
Gallery
Listed By
Agency Name: Keller Williams Advisors
Agency Phone: 513-766-9200
Agent Name: Andrew Kroeger
Shown By
Agent Name: Tom Miller
Agent Phone: Cell: (937) 248-8226
Agency Title: Irongate Inc., Realtors
Select a format below, new window will open and will prompt you to print.
