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$375,000 Sold

1219 Franklin Avenue, Cincinnati, OH 45237

2,764 sqft
Residential Income
Built in 1941
0.14 acres
20 days on market
MLS# 1858120
$136/sqft

About this home

Turnkey 4-Unit in Bond Hill - Fully Renovated Investment Property. This 4-unit building in Bond Hill featuring high-end finishes throughout, including granite countertops, tile bathrooms, and modern fixtures. Each unit has been completely updated, offering top-of-the-line finishes and stable rental income. The property generates $48,000 in annual gross income with total expenses of $14,960, which include: Insurance: $2,660 Property Management (7.5%): $3,600 Heat & Electric (each unit separately metered): $3,337 Taxes: $2,963 Maintenance (5%): $2,400 At a $375,000 asking price, the property delivers an 8.8% cap rate. This is a turnkey asset fully renovated, fully leased, and generating cash flow from day one. Additionally, the seller would consider selling three nearby single-family homes in Bond Hill.

Facts & features

Interior

Square Feet
2,764

Property

Property Type
Residential Income
Year Built
1941
Lot Size
0.14 acres

Listing details

Price
$375,000
Status
Sold
Days on Market
20
MLS Number
1858120
Listing Agent
David Arnow
Brokerage
Rath Equity, LTD

Features

Style
Multi Family
Basement
Full
Heating
Natural Gas, Electric, Radiant
Cooling
Window Unit(s)
Roof
Shingle
Sewer
Public Sewer
Water
Public

Location

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