Listed By
Agency Name: Sibcy Cline, Inc.
Agent Name: Bridget Dawson
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Wall Unit
Days on Market: 4
Fenced: Yes
Fireplaces: 0
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $9,890
Year Built: 1961
Amenities
Storage Area
Wood Fence
Feature Descriptions
Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: Natural
Lot Dimensions: Irregular
Other Features: Corner Lot, Busline Near
Parcel #: 172-0019-0045-00
Parking: Lot, Off Street
Public Transportation: metro
Sewer: Public Sewer
Total Buildings: 2
Units: 8
Water: Public
Window Features: Vinyl
Local Schools
School District: Cincinnati
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Estimated Payment
$ 3,749.53 per month $2,768.15 Principal & Interest $824.17 Property Tax $157.21 Homeowner's InsuranceChange Payment Information
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2940 Glenway Avenue | MLS# 1886886
This multi-family property located at 2940 Glenway Avenue, Cincinnati, OH 45204 is currently listed for sale with an asking price of $539,000. Glenway Avenue is located within the Cincinnati school district. Search Cincinnati real estate on www.cutlercigroup.com today.