2934 Glenway Avenue, Cincinnati, OH 45204
- $539,000
- List Price
- $539,000
- Status
- PENDING
- MLS#
- 1886886
- Lot Size
- 6,142
- Levels
- Two
- Region
- Hamilton-W04
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.
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Additional Information
- Lot Dimensions
- Irregular
- Acres
- 0.14
- Construction
- Brick
- Roof
- Shingle
- Basement Desc
- Full
- Garage Desc
- None
- Cooling
- Wall Unit
- Heating
- Forced Air, Gas
- Sewer
- Public Sewer
- Water
- Public
- School District
- Cincinnati City SD
Mortgage Calculator
Courtesy of Bridget Dawson with Sibcy Cline, Inc.
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