Newly renovated 5 unit apartment building consisting of 5 x 1-bed units. The property has been renovated throughout and now has 100% occupancy. There is a combination of private and section 8 tenants. This investment represents an excellent opportunity to generate a high yield rental income. The units are separately metered for utilities. Landlord pays for water and hallway electricity.
No of Units: 5
Type: 1 Bed / 1 bath
Sq Ft (approx): 550
AV Rent PCM: $475
THE LOCATION:
This property is close to downtown Cincinnati in the neighborhood of West Price Hill, which is undergoing urban regeneration. There are multiple shopping precincts in the neighborhood including a newly opened Kroger supermarket. The property is favorable due to being located close to the I75, multiple expressways and accessibility to Downtown. Also, the property is located on the main bus line with a bus stop close to the property.
Local Authority: City of Cincinnati, Hamilton County, Ohio