2301 Salvador Street Cincinnati, OH 45230

PRICED AT $2,000,000

Listing Details

  • $2,000,000
  • MLS# 1884043
  • Type Multi Unit - Multiple
  • Status Active
  • 0.471 acres Lot Size
  • 1966 Year Built
  • Cincinnati Local Schools

Description

20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations...read more

Features

  • Wall Unit
  • 0 Fireplace
  • Gas, Hot Water
  • 3.0 Stories
  • $16,800 Taxes
  • Public
  • Built in 1966
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Contact the Listing Agent

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Full
  • Basement: Yes
  • Cooling: Wall Unit
  • Days on Site: 11
  • Exterior: Brick
  • Fireplace Features: None
  • Fireplaces: 0
  • Foundation: Poured
  • Gas: Natural
  • Heating: Gas, Hot Water
  • Lot Size: 0.47 Acres
  • Parcel #: 001-0005-0044-00
  • Parking: Lot, Off Street, Private
  • Roof Type: Membrane
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $16,800
  • Total Buildings: 1
  • Units: 20
  • Water: Public
  • Window Features: Vinyl
  • Year Built: 1966