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Updated over 7 years ago on . Most recent reply

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170
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Slocomb Reed
  • Real Estate Agent
  • Cincinnati, OH
102
Votes |
170
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Question on North Avondale (Cincy) Rentals

Slocomb Reed
  • Real Estate Agent
  • Cincinnati, OH
Posted

I'm looking at a triplex in North Avondale (Cincinnati) on Friday near the corner of Reading Rd and S Fred Shuttlesworth. The neighborhood is street-by-street from D/C class all the way to nice big historic homes. Rents are currently $650, $650, and $350 (small third floor unit), The roof needs repaired or replaced (flat shingles) and it likely needs other cosmetic repairs.

Seller started at $65,000 but said he'd be willing to sell it for less if I didn't give him a lot of hassle. If you were me, planning to meet the seller at the property in a few days, what questions would you have for the seller?

And if you're familiar with the area, what do you think of that part of North Avondale?

Most Popular Reply

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453
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254
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Sean Carroll
  • Investor
  • San Jose, CA
254
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453
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Sean Carroll
  • Investor
  • San Jose, CA
Replied

@Slocomb Reed I agree with @Paul Sian , I also ask to see leases so I can confirm what the rents are, But like paul said what is the overall condition and what would it take to fix it up to get the target rents I want.

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