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$935,000

161 Mcmicken Avenue, Cincinnati, OH 45202

lot
Residential Income
Built in 1885
14 days on market
MLS# 1873809

About this home

Turnkey 6-unit multifamily in Cincinnati's Over-the-Rhine with City tax abatement through 2032 (taxes just $1,679/yr). Mix of 3 one-bedroom and 3 studio units. Each unit features separate HVAC, in-unit laundry, and recently renovated. Updated plumbing, electrical, modern interiors, zero deferred maintenance. Hardwired internet system charged back to tenants, security cameras, and ample nearby public parking. Offered at 7.2% cap rate on $8,205/mo current rents. Value-add upside through rent growth as abatement matures and OTR submarket continues to strengthen.

Facts & features

Property

Property Type
Residential Income
Year Built
1885

Listing details

Price
$935,000
Status
Canceled
Days on Market
14
MLS Number
1873809
Listing Agent
Andrew Kroeger
Brokerage
Keller Williams Advisors

Features

Style
Apartment
Basement
Full
Heating
Electric, Forced Air
Cooling
Central Air
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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