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$375,000 Sold
1219 Franklin Avenue, Cincinnati, OH 45237
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
Cincinnati, OH 45237
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