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$ 975,000
Est. payment /mo
Price Dropped by $125K
2335 May St Cincinnati, OH 45206
2,482 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1886637
Lot Size 2,482 Sqft
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Exceptional investment opportunity in the heart of Walnut Hills! This stately Victorian 8-unit multifamily property offers a highly desirable unit mix of one-, two-, three-, and four-bedroom apartments, appealing to a broad tenant base. Currently 75% occupied, the property generates approximately $111,000 in annual gross income. Six of the eight units were thoughtfully renovated in 2022, minimizing near-term capital expenditures while enhancing rental appeal. Benefit from a valuable TIF tax abatement through 2032, providing significant long-term savings and improved cash flow. A turnkey, income-producing asset in one of Cincinnati's most sought-after and rapidly appreciating neighborhoods.
Location
State OH
County Hamilton
Area Hamilton-E01
Zoning Multi Family
Rooms
Basement Full
Interior
Heating Gas
Cooling Window Unit
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Others
Miscellaneous Coin Laundry,Smoke Alarm
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Listed by ERA REAL Solutions Realty. LLC