26
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$935,000
Est. payment /mo
Pending
161 E Mcmicken Ave Cincinnati, OH 45202
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1873809
Year Built 1885
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Turnkey 6-unit multifamily in Cincinnati's Over-the-Rhine with City tax abatement through 2032 (taxes just $1,679/yr). Mix of 3 one-bedroom and 3 studio units. Each unit features separate HVAC, in-unit laundry, and recently renovated. Updated plumbing, electrical, modern interiors, zero deferred maintenance. Hardwired internet system charged back to tenants, security cameras, and ample nearby public parking. Offered at 7.2% cap rate on $8,205/mo current rents. Value-add upside through rent growth as abatement matures and OTR submarket continues to strengthen.
Location
State OH
County Hamilton
Area Hamilton-E01
Rooms
Basement Full
Interior
Heating Individual, Electric, Forced Air
Cooling Central Air
Fireplaces Type None
Window Features Vinyl
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Keller Williams Advisors
Nearby Locations
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