$650,000
833 Seton Ave, Cincinnati, OH 45205
Current Rent **
$750
Projected Rent **
$950
Off Market Multifamily Commercial 8 Unit Property in Ohio
We are pleased to announce an exceptional off-market opportunity for investors: an 8-unit multifamily commercial property located in Ohio. This property presents a unique chance for those looking to expand their real estate portfolio in a growing market. With strong rental demand and potential for value appreciation, this investment is ideal for savvy investors seeking long-term returns. Don't miss out on this opportunity! #RealEstateInvestment #Multifamily #CommercialProperty #OhioRealEstate #InvestmentOpportunities
$650K 8br - 8-plex For Sale!
The "property" is 2 four-plex's that share a common driveway and parking area, They are legally two 4-units with separate parcel numbers, This makes it have options for funding as two separate 4-units but functions as an 8-plex.
The buildings are well maintained, one has a new roof, all units are occupied and rented. Every unit has had cosmetic updates to make them more rentable. The only thing it may "need" is a staircase could use replacement.
This property has good rental history and presents a great opportunity for someone looking for an occupied multifamily with value add potential. The rents can be increased with new leases as-is and has room to increase further to market value with additional updates to the kitchens and/or bathrooms.
Currently the gross rents are: $5,475
This includes a few under paying long term tenants.
Market rents as-is: low end
$750x8. $6,000
(There is already units rented for $775 and $750 at this time)
With updates and some renovation as units become vacant:
$950x8. $7,600
Property currently has property management in place that handles renting/tenants, maintenance and billing.
This is a Property Locator Deal!
Please contact (Tyrone Nelson) at 914.382.3459 (Text Only!!)
Need assistance?
Phone 914.382.3459(Text Only)
Call for immediate assistance, Text or Email Only.
Tyrone Nelson
914.382.3459(Text Only!!)
Location:
833 Seton Ave, Cincinnati, OH 45205
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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