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Heather Pilcher

heather.pilcher2013@gmail.com +1(859) 710-5901

$ 539,000

Est. payment -/mo

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Pending

2934 Glenway Ave Cincinnati, OH 45204

6,141 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Fam 2-4 units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1886886

Year Built 1961

Lot Size 6,141 Sqft

Lot Dimensions Irregular

Property Sub-Type Multi Fam 2-4 units

Source Cincinnati Multiple Listing Service

Property Description

Excellent investment featuring TWO four-family buildings with EIGHT 1 bed 1 bath units being sold together w/strong cash flow & additional upside potential by adding a 5th unit in both basements. Both buildings must be sold together (no exceptions). Shared coin laundry facilities, ample off-street parking in private lot, dumpster onsite. 7 of 8 units are leased & newly renovated w/new flooring, modern kitchens & bathrooms. Current gross rents for 7 occupied units-$6,260 per month, $75,120 yearly. Projected rent when fully occupied-$7,105 per month, $85,260 yearly. At 2934, one vacant unit actively being marketed for rent at $845, owner pays heat and water, basement space is already income producing and currently rented as office/storage space. At 2940, owner pays water only, basement has bathroom rough-in & ready for finishing, creating additional future income potential. Major capital improvements include new sewer line, newly paved driveway, new fencing & remodeled units. As-is sale.

Location

State OH

County Hamilton

Area Hamilton-W04

Zoning Residential,Multi Family

Rooms

Basement Full

Interior

Interior Features Storage Area

Heating Forced Air, Gas

Cooling Wall Unit

Fireplaces Type None

Inclusions 8 refrigerators, 8 stoves

Window Features Vinyl

Exterior

Exterior Feature Wood Fence

Parking Features None

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 Sibcy Cline, Inc.

Heather Pilcher

Broker Associate | License ID: 280760

+1(859) 710-5901

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Heather Pilcher

2934 Glenway Ave Cincinnati, OH 45204

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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2934 Glenway Ave