Danielle Nelson
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125 Park Avenue
Hamilton, OH 45013

$1,250,000

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Listing Details

  • $1,250,000
  • MLS# 1891956
  • Type Multi Unit - Multiple
  • Status Active
  • 30,381
    Square Feet
  • 0.647 acres
    Lot Size
  • 1908
    Year Built
  • Hamilton
    Local Schools

Local Information

Listed By

Agency Name: Outside The Box Real Estate
Agent Name: Maxwell Wechter
Agency Phone: 937-202-9001

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Shown By

Agent Name: Danielle Nelson
Agent Phone: (937) 336-4059
Agency Title: Irongate Inc., Realtors

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Home Value Estimate


Description

Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.

Features

  • Window Unit
  • 0 Fireplace
  • Baseboard, Forced Air
  • 2.0 Stories
  • $10,688 Taxes
  • Public
  • Built in 1908

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