NOT LISTED FOR SALE

5421 Lester Rd Cincinnati, OH 45213

-- Bed
-- Bath
-- Sq Ft
0.75 Acres

Last Sold October 24, 2018

Last sale price $882,000

7 Days on Market

Highlights

  • 0.75 Acre Lot
  • Coin Laundry
  • Wood Siding
  • Walnut Hills High School Rated A+

About This Home

As of October 2018

Building refurbish in 2011 Building. It consist of 22 townhouses, 14-2 BR and 8-3 Br... Rare a bldg come with so many 3 bedrooms. The building has been a cash cow for the owner. Last year generated a gross revenue of $194,835 on 7% vacancy. Could generate a great deal of revenue by the right owner.

Last Agent to Sell the Property

Daniel Molina

Molina Real Estate Services License #2016001295 Listed on: 08/09/2018

Co-Listed By

Maria Molina

Molina Real Estate Services License #2016003823

Last Buyer's Agent

Xiaojie Zavon

Keller Williams Advisors License #2003013469

Keller Williams Advisors

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,798

Year Built

  • Built in 1964

Lot Details

  • 0.75

Parking

  • 26 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Membrane Roofing
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Partial Basement

Home Security

Utilities

  • Heating System Uses Gas

Community Details

Building Details

  • Insurance Expense $6,695
  • Maintenance Expense $24,000
  • Other Expense $43,646
  • Water Sewer Expense $16,077
  • Gross Income $194,835
  • Net Operating Income $69,433

Additional Features

  • Coin Laundry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,798

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Suburb: Pleasant Ridge
  • Cross Street: Montgomery
  • Degree Complete: Existing Structure
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry, Individual Laundry, Mgt on Premises, Smoke Alarm
  • Cooling: Window Unit
  • Heating: Gas
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Pleasant Ridge
  • Annual Assessment Amount: 21.52
  • Price Per Acre: 1176000.00
  • Year Built: 1964
  • Separate Air Condi: Yes
  • School 1 Type: District Phone
  • Directions: Montgomery then S. on Lester.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 22
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: At Closing
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 69433.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Vacancy: 13965
  • Gasand Electric: 9848
  • Heat Paid: Owner
  • Other Features: Busline Near
  • Reciprocal Listing: No
  • School Name1: Call SD 513-363-0000
  • Semi Annual Taxes: 2899.21
  • Waste Removal: 3058
  • Water Paid: Owner
  • Basement: Partial
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Windows: Vinyl
  • Two Bedroom Rent: 750.00
  • Two Bedroom Units: 14
  • Three+ Bedroom Rent: 850.00
  • Three+ Bedroom Units: 8

Exterior Features

  • Roof: Membrane
  • Construction: Brick, Wood Siding
  • Foundation: Slab
  • Listing Price: 750000.00
  • Acres: 0.7500
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 26
  • Parking: Lot

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 16077

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 24000.00

Fee Information

  • Taxes: 5841

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Dimensions: 110 x 300
  • Lot Size Sq Ft: 32670.00

Multi Family

  • Gross Income: 194835.00
  • Other Expense: 43646
  • Total Buildings: 1
  • Insurance: 6695.00

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2019 01/23/19 Off Market $882,000 -- --
10/24/2018 10/24/18 Sold $882,000 +17.6% --
08/16/2018 08/16/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $750,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Daniel Molina

    Molina Real Estate Services

    (513) 293-7737

    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Maria Molina

    Molina Real Estate Services

  • Xiaojie Zavon

    Buyer's Agent in 2018

    Xiaojie Zavon

    Keller Williams Advisors

    (513) 259-3058

    122 Total Sales

    Xiaojie Zavon
    Section Image
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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1591791

MLS of Greater Cincinnati (CincyMLS)

Ohio Hamilton County Cincinnati 45212

5421 Lester Rd, Cincinnati, OH

This home is located at 5421 Lester Rd, Cincinnati, OH 45213 since 09 August 2018. This property was built in 1964. 5421 Lester Rd is a home located in Hamilton County with nearby schools including Pleasant Ridge Montessori School, Shroder High School, and Clark Montessori High School.

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