$800,000 Sold
503 Woodlawn Avenue, Cincinnati, OH 45205
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
Cincinnati, OH 45205
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