$398,000

7051 Memory Ln Cincinnati, OH 45239

Estimated payment $3,257/month

Total Views 22,382
-- Bed
-- Bath
1,802 Sq Ft
$221 Price per Sq Ft

About This Home

Updated Turn-Key Investment. 100% occupied , new roof, updated electric panels, fresh exterior paint, new exterior concrete, all 5 units updated. Must have 48 hours notice to show. All leases month to month. Gross annual income 54,360. Interior photos are from before units were occupied.

Listing Agent

Dan Bathe

Federle, Inc. License #2017004180

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,484

Year Built

  • Built in 1959

Parking

  • 5 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,802 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Utilities

  • Heating System Uses Steam
  • Separate Meters

Community Details

  • Insurance Expense $876
  • Maintenance Expense $2,700
  • Water Sewer Expense $3,500
  • Gross Income $54,360
  • Net Operating Income $36,682

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,484

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Suburb: White Oak
  • Broker Approved: Yes
  • Cooling: Window Unit
  • Heating: Hot Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: White Oak
  • Annual Assessment Amount: of record
  • Price Per Acre: 2635761.59
  • Year Built: 1959
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Directions: Colerain Avenue to Banning to Memory Lane
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 5
  • Showing Start Date: 2024-06-14
  • Property Subtype 1: Apartment
  • StructureType: Apartment 5+
  • Occupancy: Tenant Right
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 36682.00
  • Property Type: Residential Income
  • Separate Furnace: No
  • Gasand Electric: 4300
  • Heat Paid: Owner
  • Lease Information: month to month
  • Reciprocal Listing: No
  • Semi Annual Taxes: 6242
  • Water Paid: Owner
  • Basement: Partial
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 1802.00
  • Windows: Aluminum
  • One Bedroom Rent: 795.00
  • One Bedroom Number of Units: 2
  • Two Bedroom Rent: 995.00
  • Two Bedroom Units: 3

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 398000.00
  • Acres: 0.1510
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 5
  • Parking: Lot

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 3500

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 2700.00

Fee Information

  • Taxes: 6242.00

Schools

  • District: Northwest Local SD

Lot Info

  • Lot Size Sq Ft: 6578.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 54360.00
  • Total Buildings: 1
  • Insurance: 876.00

Map

Range of Values:

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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
07/23/2024 07/23/24 For Sale $398,000 0.0% $221 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $398,000 -- $221 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

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See All Homes in Cincinnati

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1808494

MLS of Greater Cincinnati (CincyMLS)

Ohio Hamilton County Cincinnati 45239

7051 Memory Ln, Cincinnati, OH

Homes for Sale in Cincinnati, OH

This home is located at 7051 Memory Ln, Cincinnati, OH 45239 and is currently priced at $398,000, approximately $220 per square foot. This property was built in 1959. 7051 Memory Ln is a home located in Hamilton County with nearby schools including White Oak Middle School, Colerain High School, and Cincinnati Achievement Academy.

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Listing Agent
Dan Bathe
Section Image
Federle, Inc.
(513) 450-8754