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.
Listing Courtesy of CincyMLS / Listed By: Bridget Dawson, Northwest
$335,000 (USD)
Cincinnati Area Multi-Family Home
Active
2651 Westbrook Drive Cincinnati, OH 45211
Bed
0 Baths
0 sqft
MLS# 1890314
Great opportunity to add a solid income producing property to your investment portfolio with this Brick Four Family Featuring Four 1-Bedroom, 1-Bath Units, equipped kitchens, hardwood floors, shared balcony, storage closets in basement, on-site coin laundry leased through JETZ, attached four-car garage, off-street parking at rear of building and additional parking available on street. One unit currently vacant, offering new owner immediate flexibility to occupy or lease at current market rent, select their own tenant and implement their preferred investment strategy from day one! Tenants pay electric; owner pays heat and water. Conveniently located on bus line with easy access to shopping, entertainment, dining and highways. Less than 10 minutes to Downtown Cincinnati! Inspections welcome, sold as-is.
Listing Courtesy of CincyMLS / Listed By: Bridget Dawson, Northwest