Fully-rented, income-producing rental property in ideal proximity to UC, downtown and hospitals! Highly desirable studios and one bedrooms - easy to rent. Seven of the nine units have been renovated by current owner - all units in great condition. Very well-maintained property. Produces $83,000+ gross annually. All units rented below market value with immediate potential for nearly $100,000+ gross annual. Current 6.92% CAP rate with immediate opportunity for 9.2% CAP rate when leases renew. The perfect investment opportunity you've been waiting for!
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Last Updated: . Source: CINCIMLS
Provided By
Listing Agent: Daniel C Braun (#217018)
Listing Office: Comey & Shepherd (#COMY04)
Provided By (Buyer)
Buyer's Agent: Steven J Wolber (#213496)
Buyer's Office: Sibcy Cline, Inc. (#SIBC12)