Description

20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations...read more