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$395,000 Sold

5824 Shadymist Lane, Cincinnati, OH 45239

8 beds
Residential Income
Built in 1960
0.16 acres
4 days on market
MLS# 1889590

About this home

MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY 8/10 7PM* Incredible owner-occupant or investor opportunity with this completely renovated 4-unit multifamily property consisting entirely of oversized 2BR/1BA units in Mt. Airy! Strong in-place cash flow and additional upside potential.Three occupied units currently generate $3,500/month, with one vacant unit ready to be leased. Additional upside from renting the garage spaces and adding coin-operated laundry brings the total pro forma income to $5,000+/month. The existing through-the-wall A/C units offer the opportunity to convert to PTAC units, removing unit heating responsibility from the owner. All four units have been cosmetically renovated with new flooring, updated kitchens and bathrooms, and new fixtures throughout. Common areas have also been completely renovated, and the water heater was replaced this year - the property has no deferred maintenance or CAPEx needs. Agent/Owner

Facts & features

Interior

Bedrooms
8

Property

Property Type
Residential Income
Year Built
1960
Lot Size
0.16 acres

Listing details

Price
$395,000
Status
Sold
Days on Market
4
MLS Number
1889590
Listing Agent
Bret Halsey
Brokerage
Ellsbury Commercial Group

Features

Style
Multi Family
Basement
Full
Garage Spaces
4
Heating
Baseboard, Radiant
Cooling
Wall Unit
Roof
Shingle
Sewer
Public Sewer
Water
Public

Location

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