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Joey Sandlin

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

$ 975,000

Est. payment -/mo

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Price Dropped by $125K

2335 May St Cincinnati, OH 45206

2,482 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1886637

Lot Size 2,482 Sqft

Property Sub-Type Apartment

Source Cincinnati Multiple Listing Service

Property Description

Exceptional investment opportunity in the heart of Walnut Hills! This stately Victorian 8-unit multifamily property offers a highly desirable unit mix of one-, two-, three-, and four-bedroom apartments, appealing to a broad tenant base. Currently 75% occupied, the property generates approximately $111,000 in annual gross income. Six of the eight units were thoughtfully renovated in 2022, minimizing near-term capital expenditures while enhancing rental appeal. Benefit from a valuable TIF tax abatement through 2032, providing significant long-term savings and improved cash flow. A turnkey, income-producing asset in one of Cincinnati's most sought-after and rapidly appreciating neighborhoods.

Location

State OH

County Hamilton

Area Hamilton-E01

Zoning Multi Family

Rooms

Basement Full

Interior

Heating Gas

Cooling Window Unit

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

Others

Miscellaneous Coin Laundry,Smoke Alarm

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Listed by ERA REAL Solutions Realty. LLC

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