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$800,000 Sold

503 Woodlawn Avenue, Cincinnati, OH 45205

0.66 acres lot
Residential Income
Built in 1965
0.66 acres
275 days on market
MLS# 1832194

About this home

503 Woodlawn offers strong current returns and significant value-add potential through strategic unit renovations, operational improvements, and lease-up of vacant units 16 units- 1BR & 1 BA. 11 units have balconies. Coin operated laundry and individual storage units. 100% occupied, $10,970 monthly cash flow with room to raise rents! Off street parking lot. Owner pays heat, water, trash and sewer, tenants pay electric. Can be bought as a package deal with 2861 Harrison, 12 units. -New Roof (2021) -Interior renovations in select units -HVAC system upgrades -Updated electrical systems -Common area improvements -Professional landscaping enhancements -New security locks throughout property -Convenient access to major highways and public transportation -Proximity to employment centers and educational institutions -Nearby shopping, dining, and entertainment -Essential services within walking distance

Facts & features

Property

Property Type
Residential Income
Year Built
1965
Lot Size
0.66 acres

Listing details

Price
$800,000
Status
Sold
Days on Market
275
MLS Number
1832194
Listing Agent
Brittany Seither
Brokerage
RE/MAX Victory + Affiliates

Features

Style
Apartment
Basement
Partial
Garage Spaces
16
Heating
Natural Gas, Baseboard, Hot Water
Cooling
Wall Unit
Roof
Composition
Sewer
Public Sewer
Water
Public

Location

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