Exceptional, well-maintained four-family investment property located in a premium setting adjacent to the University of Cincinnati on a quiet, desirable street. Property offers a total of 10 bedrooms with a strong rental history and all units currently leased through July 2027, providing stable, long-term income. Offering approximately a 9% return with opportunity for future rental growth. Building features include well-designed and efficient floor plans, beautiful hardwood floors throughout, and convenient on-site laundry. Utilities are separately metered with landlord responsible for heat and water only. Off-street and garage parking available. Major capital improvement includes a brand-new high-efficiency boiler installed January 2025.
Property Features
Interior Features
- Storage Area
- Window Features: Vinyl
Heating and Cooling
- Cooling Features: Window Unit
- Heating Features: Hot Water
Other Rooms
- Basement Description: Full
Land Info
- Lot Size Acres: 0.206
- Lot Size Square Feet: 8973
Garage and Parking
- Garage Spaces: 2
- Garage Description: Attached, Rear
- Open Parking Spaces: 6
- Parking Features: Assigned, Off Street, Onstreet, Driveway, Garage
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: Riddle
- Source Property Type: Residential Income
- Insurance Expense: 2800
- Area: Hamilton-E01
- Source Neighborhood: Hamilton-E01
- New Taxes Expense: 10033
- Parcel Number: 101-0004-0079-00
- Township: Cincinnati City
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 65678
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1949
- Construction Materials: Block, Brick
- Foundation Details: Block
- Property Age: 77
- Roof: Slate
- Levels or Stories: Two
- Structure Type: Quad
Utilities
- Gas: Natural
- Water Sewer Expense: 3073