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$935,000
161 Mcmicken Avenue, Cincinnati, OH 45202
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
Cincinnati, OH 45202
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