(559-492-6348) Apartment Building In Nice Area With Waiting List, Cincinnati, OH

$370,000

Collect $6,000/month OR MORE on this 10 Unit Property in Cincinnati, OH!
** 10% Pro Forma Cap Rate **

• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

For less than the price of many Single Family Homes, you can have 10 income-producing units!

PRICED TO MOVE QUICKLY: $370,000
Don’t miss out!

This multifamily property offers multiple money-generating strategies:

 Pro forma cap rate 10%, cash-on-cash return 15%
 Great niche property for seniors 55 and older!
 Good property management in place
 Waiting list of 30 seniors
 Perfect small apartment starter
 Rents in the process of being raised to market
 Value of $450,000 after completing stabilization
 Seniors properties have less damage and low turnover
 Priced to MOVE!
 Even more possible value plays!

This is an off-market deal.

For More Information:
Chris Leake
559-492-6348
chris@ashtreerealestate.com

Property Details

Price:
$370,000
Address:
7227 Bernard Ave
City:
Cincinnati
State:
OH
Zip Code:
45231
Terms:
For Sale
Property Type:
Home

Property Location