$995,000

125 Park Avenue, Hamilton, OH 45013

30,381 sqft
Residential Income
Built in 1908
0.65 acres
37 days on market
MLS# 1891956
$33/sqft

About this home

Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.

Facts & features

Interior

Square Feet
30,381

Property

Property Type
Residential Income
Year Built
1908
Lot Size
0.65 acres

Listing details

Price
$995,000
Status
Active
Days on Market
37
MLS Number
1891956
Listing Agent
Maxwell Wechter
Brokerage
Outside The Box Real Estate

Features

Style
Apartment
Basement
Full
Garage Spaces
16
Heating
Baseboard, Forced Air
Cooling
Window Unit(s)
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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