Kenneth Hicks
BEDS0
BATHS
SQUARE FEET2,798
MLS#1883252
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCincinnati
Property Description
Exceptional opportunity to own a fully renovated, turnkey 5-unit multifamily property at 1589 Summit Rd! The property has four 1-bedroom units and one efficiency unit, generating $4,400/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. 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 and a basement efficiency unit with two separate entrances/exits. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Fireplaces: 0
Garage: 4
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,918
Year Built: 1942
Units
Unit Type 1:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 3:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 4:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Amenities
Security System
220 Volt
Storage Area
Feature Descriptions
Days on Site: 2
Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: Natural
Lot Dimensions: 50x120
Miscellaneous: Coin Laundry, Smoke Alarm
Other Features: Busline Near
Parcel #: 117-0014-0034-00
Parking: Off Street, Onstreet
Security: yes
Sewer: Public Sewer
Special View Info: City
SQFT Basement: 1399
Total Buildings: 1
Units: 5
Water: Public
Window Features: Vinyl, Insulated
Local Schools
School District: Cincinnati
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Dustin Walters
Agency Phone: 513-777-7900
Shown By
Agent Name: Kenneth Hicks
Agent Phone: (419) 262-3175
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,112.16 per month $2,489.20 Principal & Interest $493.17 Property Tax $129.79 Homeowner's InsuranceChange Payment Information
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1589 Summit Road | MLS# 1883252
This multi-family property located at 1589 Summit Road, Cincinnati, OH 45237 is currently listed for sale with an asking price of $445,000. Summit Road is located within the Cincinnati school district. Search Cincinnati real estate on kennethhicks.ikeyrealty.com today.