1 / 28
$2,000,000
2301 Salvador Street, Cincinnati, OH 45230
About this home
20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations make this a stable, income-producing asset with immediate cash flow and long-term upside.
Facts & features
Property
- Property Type
- Residential Income
- Year Built
- 1966
- Lot Size
- 0.47 acres
Listing details
- Price
- $2,000,000
- Status
- Pending
- Days on Market
- 40
- MLS Number
- 1884043
- Listing Agent
- Andrew Kroeger
- Brokerage
- Keller Williams Advisors
Features
- Style
- Apartment
- Basement
- Full
- Heating
- Natural Gas, Hot Water
- Cooling
- Wall Unit
- Roof
- Membrane
- Sewer
- Public Sewer
- Water
- Public
Location
Cincinnati, OH 45230
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