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$390,000 Sold
3631 Washington Avenue, Cincinnati, OH 45229
About this home
Investors, take a look at this cash flowing 4 unit property! Each unit offers 2 bedrooms and 1 full bathroom, providing a desirable layout for tenants and strong rental potential. The property features a roof that is only 1 year old, offering added peace of mind for ownership. Units 3 and 4 are both leased at $1,300/month and have been completely updated with new flooring, kitchen cabinets, countertops, appliances, and brand new bathrooms. Units 1 and 2 are currently rented for $1,150/month each, generating a total of $4,900 in monthly rental income, or $58,800 annually. With four separate units and separate electricity meters, recent improvements, a newer roof, and established rental income, this property offers an excellent opportunity for investors looking to add a cash flowing multifamily property to their portfolio. Unit 1 is month to month, all other units leases expires in October 2026.
Facts & features
Interior
- Bedrooms
- 8
Property
- Property Type
- Residential Income
- Year Built
- 1961
- Lot Size
- 0.13 acres
Listing details
- Price
- $390,000
- Status
- Sold
- Days on Market
- 9
- MLS Number
- 1890299
- Listing Agent
- Gordon Green
- Brokerage
- eXp Realty
Features
- Style
- Multi Family
- Heating
- Forced Air
- Cooling
- Central Air
- Roof
- Membrane
- Sewer
- Public Sewer
- Water
- Public
Location
Cincinnati, OH 45229
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