$719,800
$750,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
2162 Stratford Ave Cincinnati, OH 45219
5,114 SqFt
Key Details
Sold Price $719,800
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,114 sqft
Price per Sqft $140
MLS Listing ID 1832649
Sold Date 04/30/25
Year Built 1885
Lot Size 2,265 Sqft
Lot Dimensions 25 x 100
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
Fully-rented, income-producing rental property in ideal proximity to UC, downtown and hospitals! Highly desirable studios and one bedrooms - easy to rent. Seven of the nine units have been renovated by current owner - all units in great condition. Very well-maintained property. Produces $83,000+ gross annually. All units rented below market value with immediate potential for nearly $100,000+ gross annual. Current 6.92% CAP rate with immediate opportunity for 9.2% CAP rate when leases renew. The perfect investment opportunity you've been waiting for!
Location
State OH
County Hamilton
Area Hamilton-E01
Zoning Multi Family
Rooms
Basement Full
Interior
Interior Features 220 Volt
Heating Radiant, Hot Water
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
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Bought with Sibcy Cline, Inc.