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Shelby Swihart

shelby@dreamhomeohio.com +1(937) 238-9271

$ 445,000

Est. payment -/mo

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1589 Summit Rd Cincinnati, OH 45237

2,798 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Fam 2-4 units

Listing Status Active

Purchase Type For Sale

Square Footage 2,798 sqft

Price per Sqft $159

MLS Listing ID 1883252

Year Built 1942

Lot Size 5,837 Sqft

Lot Dimensions 50x120

Property Sub-Type Multi Fam 2-4 units

Source Cincinnati Multiple Listing Service

Property Description

Exceptional opportunity to own a fully renovated, turnkey 5-unit multifamily property at 1589 Summit Rd! The property has four 1-bedroom units and one efficiency unit, generating $4,400/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. Smoke and pet-free building. Extensively renovated within the past 3 years, improvements include all new drywall, electrical, plumbing, windows, roof, gutters, individual furnaces, central A/C units, remodeled kitchens with updated appliances, and high-end marble and tile finishes throughout. The solid brick building has been meticulously maintained, with brickwork in excellent condition. Additional features include two sump pumps for added protection and a basement efficiency unit with two separate entrances/exits. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment

Location

State OH

County Hamilton

Area Hamilton-E02

Zoning Multi Family

Rooms

Basement Full

Interior

Interior Features Security System, 220 Volt, Storage Area

Heating Forced Air, Gas

Cooling Central Air

Fireplaces Type None

Inclusions 5 Refrigerators, 5 Oven/Ranges

Window Features Vinyl,Insulated

Exterior

Parking Features None

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

Water Access Desc Public

View City

Roof Type Shingle

Building

Foundation Poured

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Cincinnati City Sd

Others

Miscellaneous Coin Laundry,Smoke Alarm

Listed by Coldwell Banker Realty

GET MORE INFORMATION

+1(937) 238-9271

shelby@dreamhomeohio.com