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$395,000 Sold
5824 Shadymist Lane, Cincinnati, OH 45239
About this home
MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY 8/10 7PM* Incredible owner-occupant or investor opportunity with this completely renovated 4-unit multifamily property consisting entirely of oversized 2BR/1BA units in Mt. Airy! Strong in-place cash flow and additional upside potential.Three occupied units currently generate $3,500/month, with one vacant unit ready to be leased. Additional upside from renting the garage spaces and adding coin-operated laundry brings the total pro forma income to $5,000+/month. The existing through-the-wall A/C units offer the opportunity to convert to PTAC units, removing unit heating responsibility from the owner. All four units have been cosmetically renovated with new flooring, updated kitchens and bathrooms, and new fixtures throughout. Common areas have also been completely renovated, and the water heater was replaced this year - the property has no deferred maintenance or CAPEx needs. Agent/Owner
Facts & features
Interior
- Bedrooms
- 8
Property
- Property Type
- Residential Income
- Year Built
- 1960
- Lot Size
- 0.16 acres
Listing details
- Price
- $395,000
- Status
- Sold
- Days on Market
- 4
- MLS Number
- 1889590
- Listing Agent
- Bret Halsey
- Brokerage
- Ellsbury Commercial Group
Features
- Style
- Multi Family
- Basement
- Full
- Garage Spaces
- 4
- Heating
- Baseboard, Radiant
- Cooling
- Wall Unit
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
Location
Cincinnati, OH 45239
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