Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Dustin Walters
Agency Phone: 513-777-7900
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
Exceptional opportunity to own a fully renovated, turnkey 5-unit multifamily property at 1589 Summit Rd! This income-producing asset features four 1-bedroom units and one efficiency unit, generating $4,400/month in gross rental income. Tenants pay all utilities except water, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. 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
Days on Market: 1
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
Amenities
Security System
220 Volt
Storage Area
Feature Descriptions
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
Estimate Your Payment
Estimated Payment
$ 2,908.35 per month $2,285.39 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 www.leahackerman.com today.