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$995,000
125 Park Avenue, Hamilton, OH 45013
About this home
Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.
Facts & features
Interior
- Square Feet
- 30,381
Property
- Property Type
- Residential Income
- Year Built
- 1908
- Lot Size
- 0.65 acres
Listing details
- Price
- $995,000
- Status
- Active
- Days on Market
- 37
- MLS Number
- 1891956
- Listing Agent
- Maxwell Wechter
- Brokerage
- Outside The Box Real Estate
Features
- Style
- Apartment
- Basement
- Full
- Garage Spaces
- 16
- Heating
- Baseboard, Forced Air
- Cooling
- Window Unit(s)
- Roof
- Membrane
- Sewer
- Public Sewer
- Water
- Public
Location
Hamilton, OH 45013
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