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 make this a stable, income-producing asset with immediate cash flow and long-term upside.
45 days
|
320
|
20
|
Zillow last checked:
Listing updated:
Listed by:
Andrew Kroeger513-995-4736,
Keller Williams Advisors513-766-9200,
Adam C. Curry513-373-4328,
Keller Williams Advisors
Source: Cincy MLS,MLS#: 1884043Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 34
Heating
Gas, Hot Water
Cooling
Wall Unit(s), Separate Air Conditioning
Features
Windows: Vinyl
Basement: Full
Has fireplace: No
Fireplace features: None
Interior area
Total structure area: 0
Property
Parking
Total spaces: 30
Parking features: Parking Lot, Off Street, Private
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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