Well-maintained solid brick five-unit (all 3/bed-1/bath) multifamily property with a strong rental history and significant upside potential. Currently operating at 60% occupancy with vacant units that are turn-key ready, presenting a substantial opportunity for increased rental revenue and strong return at full occupancy. 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, minutes from Cincinnati's major medical corridor, steps from Xavier University, with easy access to all major interstates, downtown Cincinnati, and situated on the bus line. Same ownership as 974, 980, and 1025 Dana Ave., offering potential for portfolio acquisition and streamlined management.
Property Features
Interior Features
- Storage Area
- Window Features: Vinyl
Heating and Cooling
- Cooling Features: Window Unit, Wall Unit
- Heating Features: Forced Air, Gas
- Heating: Yes
Other Rooms
- Basement Description: Full
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.194
- Lot Size Square Feet: 8451
Garage and Parking
- Garage Description: Attached, Rear, Carport
- Open Parking Spaces: 4
- Parking Features: Asphalt, Off Street, Private
Rental Info
Multi-Unit Info
School Information
- High School District: Cincinnati City SD
Homeowners Association
- Maintenance Expense: 3500
Other Property Info
- Source Listing Status: Active
- County: Hamilton
- Cross Street: Victory Parkway
- Source Property Type: Residential Income
- Insurance Expense: 3600
- Area: Hamilton-E01
- Source Neighborhood: Hamilton-E01
- New Taxes Expense: 6890
- Parcel Number: 108-0006-0040-00
- Township: Cincinnati City
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 29948
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1913
- Construction Materials: Brick
- Foundation Details: Block
- Property Age: 113
- Roof: Shingle, Membrane
- Levels or Stories: Three
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 2333