Rhonda Albaugh
0 beds
Bathrooms
Listed By
Agency Name: Keller Williams Advisors
Agency Phone: 513-766-9200
Agent Name: Andrew Kroeger
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
Turnkey 6-unit multifamily in Cincinnati's Over-the-Rhine with City tax abatement through 2032 (taxes just $1,679/yr). Mix of 3 one-bedroom and 3 studio units. Each unit features separate HVAC, in-unit laundry, and recently renovated. Updated plumbing, electrical, modern interiors, zero deferred maintenance. Hardwired internet system charged back to tenants, security cameras, and ample nearby public parking. Offered at 7.2% cap rate on $8,205/mo current rents. Value-add upside through rent growth as abatement matures and OTR submarket continues to strengthen.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 5
Fireplaces: 0
Heating: Individual, Electric, Forced Air
Roof Type: Membrane
Stories: 3.0
Taxes: $1,672
Year Built: 1885
Feature Descriptions
Exterior: Brick
Fireplace Features: None
Foundation: Stone
Gas: None
Parcel #: 0940007018400
Parking: Onstreet, Public
Sewer: Public Sewer
Total Buildings: 1
Units: 6
Water: Public
Window Features: Vinyl
Local Schools
School District: Cincinnati
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Estimated Payment
$ 5,164.53 per month $4,752.49 Principal & Interest $139.33 Property Tax $272.71 Homeowner's InsuranceChange Payment Information
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161 E Mcmicken Avenue | MLS# 1873809
This multi-family property located at 161 E Mcmicken Avenue, Cincinnati, OH 45202 is currently listed for sale with an asking price of $935,000. E Mcmicken Avenue is located within the Cincinnati school district. Search Cincinnati real estate on ralbaugh.cutlerhomes.com today.