Description
UNBEATABLE LOCATION, OVER $74K IN IN PLACE GROSS ANNUAL INCOME, AND OPPORTUNITY TO GROW TO $110K+. Completely renovated 4 unit Multifamily property with Commercial zoning in the middle of Newport redevelopment... offering limitless opportunities for the future. Building is one property from the bridge to downtown Cincinnati, Great American Ballpark, Newport on the Levee, the new $1B Ovation development, and a short walk to Paul Brown Stadium, the Banks, and all the other attractions. Completely renovated with top notch finishes throughout, granite countertops, wood flooring, stainless appliances, and designer lighting and cabinetry. New mechanical, electrical, plumbing, and roofing. Separately metered heating, cooling, electric and gas for main units. Topped off with multiple levels of large patios and decks with views of downtown Cincinnati and the fireworks. Currently leased at or under $1.50/ SF with surrounding comps exceeding $2.00/ SF.... Room to grow as an income producing property along with being in the path of more future redevelopment. Basic Financials: 4,733 Rentable SF 5,261 Gross SF Gross Annual Income $74,400 Estimated Expenses $13,100 Net Operating Income $61,3
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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5,160SQFT
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$171$/SQFT
School Information
Description
UNBEATABLE LOCATION, OVER $74K IN IN PLACE GROSS ANNUAL INCOME, AND OPPORTUNITY TO GROW TO $110K+. Completely renovated 4 unit Multifamily property with Commercial zoning in the middle of Newport redevelopment... offering limitless opportunities for the future. Building is one property from the bridge to downtown Cincinnati, Great American Ballpark, Newport on the Levee, the new $1B Ovation development, and a short walk to Paul Brown Stadium, the Banks, and all the other attractions. Completely renovated with top notch finishes throughout, granite countertops, wood flooring, stainless appliances, and designer lighting and cabinetry. New mechanical, electrical, plumbing, and roofing. Separately metered heating, cooling, electric and gas for main units. Topped off with multiple levels of large patios and decks with views of downtown Cincinnati and the fireworks. Currently leased at or under $1.50/ SF with surrounding comps exceeding $2.00/ SF.... Room to grow as an income producing property along with being in the path of more future redevelopment. Basic Financials: 4,733 Rentable SF 5,261 Gross SF Gross Annual Income $74,400 Estimated Expenses $13,100 Net Operating Income $61,3
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