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Joey Sandlin

sandlinrealtors@gmail.com +1(740) 222-5193

$ 949,000

Est. payment -/mo

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Price Dropped by $46K

7045 Montgomery Rd Silverton, OH 45236

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1875802

Year Built 1900

Property Sub-Type Apartment

Source Cincinnati Multiple Listing Service

Property Description

Turn-key standalone commercial building with 7 apartments and 2 retail storefronts located in the growing business district of Silverton, 1.5 miles from Kenwood Mall and I-71. Strong investment opportunity with long-term solid rental income. All units are fully leased with value-add potential for rent increases. 3- 1 bed, 3- 2 bed, 1- 3bed apartments, and 2 retail storefronts, and a full basement with coin laundry. Each unit is separately metered for gas and electricity. New Roof with transferable warranty, all windows caulked and sealed, and new flooring in common areas. 13 parking spaces with off-street parking as well. The public bus stop is across the street with a crosswalk to the building. Property is currently rented at $111,000 yr. Currently at an 8 cap with room to go higher with rent increases.

Location

State OH

County Hamilton

Area Hamilton-E05

Zoning Commercial

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplaces Type Inoperable

Inclusions All apartment appliances included

Window Features Vinyl

Exterior

Parking Features None

View Y/N Yes

Water Access Desc Public

View City

Roof Type Shingle,Membrane

Building

Foundation Stone

Sewer Public Sewer

Water Public

Level or Stories Three

New Construction No

Schools

School District Cincinnati City Sd

Others

Miscellaneous Coin Laundry

Listed by eXp Realty

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