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$ 375,000
Est. payment /mo
Price Dropped by $14K
1205 Ryland Ave Cincinnati, OH 45237
5,401 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1879260
Year Built 1928
Lot Size 5,401 Sqft
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Located in the growing community of Bond Hill, this thoughtfully updated quadplex offers a rare turnkey investment opportunity. Whether you are an experienced investor looking to expand your portfolio or just seeking strong cash flow from day one, this property is for you. With leases already in place, you can begin generating income immediately without the hassle of renovations or finding tenants. Current annual rents of $45,600 offer over an 8.5% cap rate and meets the 1% rule. Conveniently positioned for public transportation with quick access to major highways, the property offers an ideal location for commuters and long-term tenant demand. Residents also appreciate the shared on-site laundry and private storage in both the basement and detached garage. Don't miss this income-producing asset in an area experiencing continued investment and growth. Opportunities like this do not come along often especially updated multifamily properties with stabilized occupancy already in place!
Location
State OH
County Hamilton
Area Hamilton-E02
Rooms
Basement Full
Interior
Heating Gas
Cooling Window Unit
Fireplaces Type None
Window Features Storm,Vinyl,Wood
Exterior
Parking Features Detached
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Cincinnati City Sd
Listed by Red 1 Realty, LLC