Rare investor opportunity with this well-maintained and fully occupied 8-unit apartment building in North Avondale! All units feature 1-bedroom and 1-bathroom with an average rent of $985/month and additional rental upside with proforma rents above $1,000/unit/month - easily exceeding the 1% rule. The units feature beautiful hardwood floors throughout and have been meticulously maintained, creating an attractive living environment for tenants while minimizing ongoing capital expenditures. Extensive mechanical and exterior improvements have been completed - including a new hot water heater (2025), newly paved driveway (2024), high-efficiency Phantom boiler (2020), new roof and gutters (2017), and replacement windows installed throughout the last 10 years. Additional income potential is provided by four attached 2-car garages offering enclosed parking for up to eight vehicles as well as coin-operated laundry machines in the basement which generate $1,000/year.
27 days
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281
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22
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Zillow last checked:
Listing updated:
Listed by:
Bret Halsey703-975-1048,
Ellsbury Commercial Group214-738-7424
Source: Cincy MLS,MLS#: 1884321Originating MLS: Cincinnati Area Multiple Listing Service
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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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