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Key Details
Sold Price $451,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1765957
Sold Date 04/21/23
Year Built 1953
Lot Size 0.790 Acres
Lot Dimensions of record
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Moments from The Village of Morrow!
Location
State OH
County Warren
Area Warren-E14
Rooms
Basement Full
Interior
Heating Radiant, Hot Water
Cooling None
Fireplaces Type None
Window Features Insulated,Vinyl
Exterior
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 Little Miami Local S
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Bought with Keller Williams Advisors
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