NOT LISTED FOR SALE
Studio
-- Baths
-- Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: October 24, 2018

Last sale price $882,000

7 Days on Market

Highlights

  • 0.75 Acre Lot
  • On-Site Manager or Management
  • 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
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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

  • On-Site Manager or Management
  • 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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- American Homeland Title
Mayor Property Investments Llc -- Attorney
Mayor Freddy $220,000 Attorney
Green Point Mortgage Funding Inc $220,000 None Available
5421 Lester Llc -- None Available
Downtown Property Management Inc $512,000 None Available
Lester Townhouses Ltd Partnership -- --
Lester Townhouses Ltd -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $660,000
Previous Owner 5421 Lester Llc $626,250
Previous Owner 5421 Lester Llc $456,500
Previous Owner Downtown Property Management Inc $409,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1591791

MLS of Greater Cincinnati (CincyMLS)
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