Well-maintained five-unit multifamily property offering a total of 10 bedrooms and a strong rental history with potential for increased rental revenue. Currently operating at 80% occupancy with a turn-key vacant unit ready for immediate lease-up, providing opportunity to achieve a strong cap rate at full stabilization. Property features efficient and well-designed floor plans, beautiful hardwood floors throughout, on-site laundry, and off-street parking including attached carport spaces. Centrally located in desirable North Avondale, just minutes from Cincinnati's major medical corridor, steps from Xavier University, with easy access to all major interstates, downtown Cincinnati, and situated directly on the bus line. Same ownership as 974, 980, and 1029 Dana Ave., presenting potential for portfolio acquisition or streamlined management.
Property Features
Interior Features
- Storage Area
- Window Features: Vinyl
Heating and Cooling
- Cooling Features: Window Unit, Wall Unit
- Heating Features: Hot Water
Other Rooms
- Basement Description: Full
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.203
- Lot Size Square Feet: 8843
Garage and Parking
- Garage Description: Attached, Carport
- Open Parking Spaces: 4
- Parking Features: Asphalt, Off Street, Driveway, Private
Rental Info
Multi-Unit Info
School Information
- High School District: Cincinnati City SD
Homeowners Association
- Maintenance Expense: 2845
Other Property Info
- Source Listing Status: Active
- County: Hamilton
- Source Property Type: Residential Income
- Insurance Expense: 3600
- Area: Hamilton-E01
- Source Neighborhood: Hamilton-E01
- New Taxes Expense: 5700
- Parcel Number: 108-0006-0042-00
- Township: Cincinnati City
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 27155
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1930
- Construction Materials: Brick
- Foundation Details: Block
- Property Age: 96
- Roof: Shingle, Membrane
- Levels or Stories: Three
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 3900