Cincinnati Ohio 3 Family - Perfect for Owner Occupant
We have an off market listing in a great spot of East Walnut Hills/Eden Park, Cincinnati Ohio. Perfect for house hack in a great area of Cincinnati.
Property needs $15-25k in cosmetic repairs. One furnace supplies the entire building. Rents are low and needs an active owner to reposition building and maximize rents. Large fenced back yard with two car garage.
Rents for each unit and potential rental income with improvements:
- Studio – 550 -($650 with cosmetic upgrades)
- 1 bdrm – 650 ($750+ with cosmetic upgrades)
- 2 bdrm – Vacant ( $1200+ with cosmetic upgrades)
- $75-$150 per month for two car garage parking
https://wedge1.hcauditor.org/view/re/0690002007100/2017/summary
Financials and info:
Separate utilities or owner paid: owner paid (1 furnace/ac and electric)
Furnace age: furnace 8 years
Roof age: roofer estimated 15 years
Water Heater age: 1 yr
Windows original or replacement: replacement
Quarterly water bill: $240
Monthly gas/electric bill: $260 range
Yearly Insurance: $1100
Yearly Taxes: $3800
Property needs $15-25k in work to maximize rents. It's in a great area of Walnut Hills, area has been seeing very strong appreciation.
Walk through and photos available on request after providing pre approval or proof of funds.