Exceptional opportunity to own a fully renovated, turnkey multifamily property at 1589 Summit Rd! The property has four 1-bedroom units that are generating $3,750/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. Smoke and pet-free building. Extensively renovated within the past 3 years, improvements include all new drywall, electrical, plumbing, windows, roof, gutters, individual furnaces, central A/C units, remodeled kitchens with updated appliances, and high-end marble and tile finishes throughout. The solid brick building has been meticulously maintained, with brickwork in excellent condition. Additional features include two sump pumps for added protection. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment.
| MLS # | 1891691 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1942 |
| Days On Site | 18 |
| Listing Provided By | Coldwell Banker Realty | Dustin Walters |
| SQ Feet | 2,798 |
|---|---|
| Garage | 4 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | Multi Family |
| Acreage | 0.13 |
| Property View | City |
| Rooms Total | 0 |
|---|---|
| Heating | Forced Air, Gas |
| Cooling | Central Air |
| Window Features | Vinyl, Insulated |
| Interior Features | Security System, 220 Volt, Storage Area |
| Fireplace Features | None |
| Fireplaces Total | 0 |
| Roof | Shingle |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Poured |
| Parking Features | Off Street, Onstreet |
|---|---|
| Open Parking Spaces | 4 |
| Sewer | Public Sewer |
|---|---|
| Gas | Natural |
| State | OH |
|---|---|
| County | Hamilton |
| City | Cincinnati |
| Zip Code | 45237 |
| Area | Hamilton E02 |
| Subarea | Hamilton E02 |
| Community Name | Roselawn |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Roselawn) | |
Price: $389,900 low | high Med: $240,000 sqft: 2,798 low | high Med: 1,079 $ / sqft: $139 low | high Med: $222 On site: 18 low | high Med: 5 | |
| State | OH |
|---|---|
| County | Hamilton |
| City | Cincinnati |
| Zip Code | 45237 |
| Area | Hamilton E02 |
| Subarea | Hamilton E02 |
| Community Name | Roselawn |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Roselawn) | |
Price: $389,900 low | high Med: $240,000 sqft: 2,798 low | high Med: 1,079 $ / sqft: $139 low | high Med: $222 On site: 18 low | high Med: 5 | |