BEDS0
BATHS
MLS#1881611
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCincinnati
Property Description
Excellent investment featuring TWO four-family buildings with EIGHT 1 bed 1 bath units being sold together w/strong cash flow & additional upside potential by adding a 5th unit in both basements. Both buildings must be sold together (no exceptions). Shared coin laundry facilities, ample off-street parking in private lot, dumpster onsite. 7 of 8 units are leased & newly renovated w/new flooring, modern kitchens & bathrooms. Current gross rents for 7 occupied units-$6,260 per month, $75,120 yearly. Projected rent when fully occupied-$7,105 per month, $85,260 yearly. At 2934, one vacant unit actively being marketed for rent at $845, owner pays heat and water, basement space is already income producing and currently rented as office/storage space. At 2940, owner pays water only, basement has bathroom rough-in & ready for finishing, creating additional future income potential. Major capital improvements include new sewer line, newly paved driveway, new fencing & remodeled units. As-is sale.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Wall Unit
Fenced: Yes
Fireplaces: 0
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $9,890
Year Built: 1961
Units
Unit Type 1:
Bedrooms: 1
Full Bath(s): 1
Rent: $860.00
Total Rooms: 3
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $885.00
Total Rooms: 3
Unit Type 3:
Bedrooms: 1
Full Bath(s): 1
Rent: $845.00
Total Rooms: 3
Unit Type 4:
Bedrooms: 1
Full Bath(s): 1
Rent: $845.00
Total Rooms: 3
Amenities
Storage Area
Wood Fence
Feature Descriptions
Days on Site: 10
Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: Natural
Lot Dimensions: Irregular
Other Features: Corner Lot, Busline Near
Parcel #: 172-0019-0045-00
Parking: Lot, Off Street
Public Transportation: metro
Sewer: Public Sewer
Total Buildings: 2
Units: 8
Water: Public
Window Features: Vinyl
Local Schools
School District: Cincinnati
Listed By / Shown By
Listed By
Agency Name: Sibcy Cline, Inc.
Agent Name: Bridget Dawson
Shown By
Agent Name: Darrell Blausey
Agent Phone: (419) 351-1525
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 4,296.54 per month $3,300.29 Principal & Interest $824.17 Property Tax $172.08 Homeowner's Insurance
2940 Glenway Avenue | MLS# 1881611
This multi-family property located at 2940 Glenway Avenue, Cincinnati, OH 45204 is currently listed for sale with an asking price of $590,000. Glenway Avenue is located within the Cincinnati school district. Search Cincinnati real estate on www.darrellrealestate.com today.