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$719,800 Sold
2162 Stratford Avenue, Cincinnati, OH 45219
About this home
Fully-rented, income-producing rental property in ideal proximity to UC, downtown and hospitals! Highly desirable studios and one bedrooms - easy to rent. Seven of the nine units have been renovated by current owner - all units in great condition. Very well-maintained property. Produces $83,000+ gross annually. All units rented below market value with immediate potential for nearly $100,000+ gross annual. Current 6.92% CAP rate with immediate opportunity for 9.2% CAP rate when leases renew. The perfect investment opportunity you've been waiting for!
Facts & features
Interior
- Square Feet
- 5,114
Property
- Property Type
- Residential Income
- Year Built
- 1885
- Lot Size
- 0.05 acres
Listing details
- Price
- $719,800
- Status
- Sold
- Days on Market
- 20
- MLS Number
- 1832649
- Listing Agent
- Daniel Braun
- Brokerage
- Comey & Shepherd
Features
- Style
- Apartment
- Basement
- Full
- Heating
- Radiant, Hot Water
- Cooling
- Window Unit(s)
- Roof
- Membrane
- Sewer
- Public Sewer
- Water
- Public
Location
Cincinnati, OH 45219
Request a tour
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