Cash Flowing Quad in Cincinnati

  • Apartment
    2000 ft2
    bedroom 8 Bedrooms
    bathroom 4 Baths
  • Rental
    $125,000 0
    Status : Sold
    Year Built : 1900
 Description
June St Cincinnati OH 45206

$125k

Located one block north of McMillan Rd where there is a TON of development going on, new commercial, apartments, upgrades to roads, etc
All units currently rented out total $1570 (below market value), all have been there +1yr

Could keep as is with minor touch ups or upgrade all units and increase rent to $2800 (market rent)
Upgrades would be about $25k+/- for cabinets, flooring, paint & basement clean out, misc

Call or email us today for more info before it's gone!
 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Cash Flowing Quad in Cincinnati Sold
$125,000
Property ID: OH190760387
Address: Login to View
City: Cincinnati
State/Province: OH
Zip Code: 45206
Country: USA


Rental Analysis

+ Purchase Price: $125,000
+ Purchase Closing Cost: $3,750
+ Rehab Cost: $15,000
Total Acquisition Cost: $143,750


Monthly Rent: $1,570
+ Annual Potential Rent: $18,840
- Vacancy (3%): $565
Annual Gross Income: $18,275
Annual Gross ROI: 12.71%


 Message

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