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$539,000

2940 Glenway Avenue, Cincinnati, OH 45204

4 beds
Residential Income
Built in 1961
0.14 acres
43 days on market
MLS# 1881611

About this home

Excellent investment featuring TWO four-family buildings with EIGHT 1 bed 1 bath units being sold together w/strong cash flow & additional upside potential by adding a 5th unit in both basements. Both buildings must be sold together (no exceptions). Shared coin laundry facilities, ample off-street parking in private lot, dumpster onsite. 7 of 8 units are leased & newly renovated w/new flooring, modern kitchens & bathrooms. Current gross rents for 7 occupied units-$6,260 per month, $75,120 yearly. Projected rent when fully occupied-$7,105 per month, $85,260 yearly. At 2934, one vacant unit actively being marketed for rent at $845, owner pays heat and water, basement space is already income producing and currently rented as office/storage space. At 2940, owner pays water only, basement has bathroom rough-in & ready for finishing, creating additional future income potential. Major capital improvements include new sewer line, newly paved driveway, new fencing & remodeled units. As-is sale.

Facts & features

Interior

Bedrooms
4

Property

Property Type
Residential Income
Year Built
1961
Lot Size
0.14 acres

Listing details

Price
$539,000
Status
Canceled
Days on Market
43
MLS Number
1881611
Listing Agent
Bridget Dawson
Brokerage
Sibcy Cline, Inc.

Features

Style
Multi Family
Basement
Full
Heating
Natural Gas, Forced Air
Cooling
Wall Unit
Roof
Shingle
Sewer
Public Sewer
Water
Public

Location

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