Mitch Royce
BEDS0
BATHS
SQUARE FEET9,528
MLS#1897239
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCincinnati
Property Description
Turn-key standalone commercial building with 7 apartments and 2 retail storefronts located in the growing business district of Silverton, 1.5 miles from Kenwood Mall and I-71. Strong investment opportunity with long-term solid rental income. All units are fully leased with value-add potential for rent increases. 3- 1 bed, 3- 2 bed, 1- 3bed apartments, and 2 retail storefronts, and a full basement with coin laundry. Each unit is separately metered for gas and electricity. New Roof with transferable warranty, New Flooring in common areas. 13 parking spaces with off-street parking as well. The public bus stop is across the street with a crosswalk to the building. Property is currently rented at $111,000 yr. Currently at an 8 cap with room to go higher with rent increases.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Fireplaces: 0
Heating: Forced Air, Gas
Roof Type: Shingle, Membrane
Stories: 3.0
Taxes: $19,260
Year Built: 1900
Feature Descriptions
Days on Site: 12
Exterior: Brick
Fireplace Features: Inoperable
Foundation: Stone
Gas: Natural
Miscellaneous: Coin Laundry
Other Features: Corner Lot, Busline Near
Parcel #: 602-0001-0340-00
Parking: Asphalt, Lot, Onstreet
Sewer: Public Sewer
Special View Info: City
Total Buildings: 2
Units: 9
Water: Public
Window Features: Vinyl
Local Schools
School District: Cincinnati
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agent Name: Andrew Willoughby
Agency Phone: 866-212-4991
Shown By
Agent Name: Mitch Royce
Agent Phone: (616) 430-8838
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 7,190.23 per month $5,308.44 Principal & Interest $1,605.00 Property Tax $276.79 Homeowner's InsuranceChange Payment Information
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7049 Montgomery Road | MLS# 1897239
This multi-family property located at 7049 Montgomery Road, Silverton, OH 45236 is currently listed for sale with an asking price of $949,000. Montgomery Road is located within the Cincinnati school district. Search Silverton real estate on www.mitchroycehomes.com today.