Unique opportunity to acquire 974 Dana Ave and 980 Dana Ave as a package offering a combined total of 10 units and 21 bedrooms. Both buildings are 100% occupied with a strong rental history and consistent performance, presenting a stabilized investment in a highly desirable rental corridor. Offering a strong cap rate of approximately 7%. With well maintained units, the property features efficient and functional floor plans, beautiful hardwood floors throughout, on-site laundry, and off-street parking. Properties share a driveway and include two detached garages. Highly sought-after layouts continue to support strong tenant demand and long-term occupancy. Located in desirable North Avondale just minutes from Cincinnati's major medical corridor and steps from Xavier University. Easy access to all major interstates, downtown Cincinnati, and situated directly on the bus line. Same ownership as 1025 and 1029 Dana Ave, presenting additional portfolio potential.
Property Features
Heating and Cooling
- Cooling Features: Window Unit, Central Air
- Heating Features: Individual, Forced Air
- Heating: Yes
Interior Features
Other Rooms
- Basement Description: Full
Exterior and Lot Features
Garage and Parking
- Garage Spaces: 2
- Garage Description: Rear, Detached
- Open Parking Spaces: 10
- Parking Features: Asphalt, Off Street, Driveway, Private, Garage
Rental Info
Multi-Unit Info
School Information
- High School District: Cincinnati City SD
Homeowners Association
- Maintenance Expense: 7223
Other Property Info
- Source Listing Status: Active
- County: Hamilton
- Source Property Type: Residential Income
- Insurance Expense: 7200
- Area: Hamilton-E01
- Source Neighborhood: Hamilton-E01
- New Taxes Expense: 22986
- Parcel Number: 110-0001-0044-00
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 88223
Building and Construction
- Total Square Feet Living: 0
- Year Built: 1900
- Construction Materials: Brick
- Foundation Details: Block
- Property Age: 126
- Roof: Shingle
- Levels or Stories: Three
- Structure Type: Apartment 5+
Utilities
- Gas: Natural
- Water Sewer Expense: 6400