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$2,000,000

2301 Salvador Street, Cincinnati, OH 45230

0.47 acres lot
Residential Income
Built in 1966
0.47 acres
40 days on market
MLS# 1884043

About this home

20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations make this a stable, income-producing asset with immediate cash flow and long-term upside.

Facts & features

Property

Property Type
Residential Income
Year Built
1966
Lot Size
0.47 acres

Listing details

Price
$2,000,000
Status
Pending
Days on Market
40
MLS Number
1884043
Listing Agent
Andrew Kroeger
Brokerage
Keller Williams Advisors

Features

Style
Apartment
Basement
Full
Heating
Natural Gas, Hot Water
Cooling
Wall Unit
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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