NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
32,670 Sq Ft Lot

Last Sold October 24, 2018

Last sale price $882,000

7 Days on Market

Highlights

  • 0.75 Acre Lot
  • Resident Manager or Management On Site
  • Wood Siding
  • Walnut Hills High School Rated A+
  • Coin Laundry

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

Home Design

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

Interior Spaces

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

Home Security

Parking

  • 26 Open Parking Spaces
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

Amenities

  • Coin Laundry

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

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,798

Year Built

Built in 1964

Lot Details

0.75 Acres

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
  • Suburb S I C: Pleasant Ridge
  • 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

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
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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 List to Sale Price per Sq Ft
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

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,689 $241,378 $40,929 $200,449
2023 $19,846 $241,378 $40,929 $200,449
2022 $9,025 $99,257 $37,510 $61,747
2021 $8,857 $99,257 $37,510 $61,747
2020 $8,867 $99,257 $37,510 $61,747
2019 $7,809 $80,697 $30,496 $50,201
2018 $7,813 $80,697 $30,496 $50,201
2017 $7,565 $80,697 $30,496 $50,201
2016 $7,875 $82,317 $27,052 $55,265
2015 $7,236 $82,317 $27,052 $55,265
2014 $7,261 $82,317 $27,052 $55,265
2013 $7,743 $87,570 $28,777 $58,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1591791

MLS of Greater Cincinnati (CincyMLS)
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