1725 Hastings Ave - Apartments FOR SALE


Cincinnati, OH 45231- Mount Healthy
$495,000 USD
1725 Hastings Ave, Cincinnati, OH for Sale
$495,000 USD
Apartments - FOR SALE
1/30
null | 8.64% Cap Rate

1725 Hastings Ave
Cincinnati, OH 45231
Mount Healthy


HIGHLIGHTS

  • 100 % occuoied
  • Professional Management included in expenses.
  • Mount Healthy School System
  • 9 separate Hot Water Heaters.
  • 3 car garage behind two doors. Could rent separatley.
  • Private Parking Lot.

OVERVIEW

9 well-maintained, fully occupied one-bedroom units offering stable income and upside potential. Tenants pay electric, and each unit is equipped with its own individual water heater. The property features a three-car garage with the option for additional rental income, a private parking lot, and dedicated basement storage lockers for each tenant. Current gross income is $74,700, plus Laundry, with clear opportunity to increase rents, and lower expenses. Rents are below market.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

9

PRICE/UNIT

$55,000

CAP RATE

8.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Multi-Family

APN/PARCEL ID

593-0003-0030

ASK ABOUT THIS PROPERTY

Rick LouallenColdwell Banker West Shell NRTMore Info

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Rick LouallenColdwell Banker West Shell NRTMore Info

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