2301 Salvador Street, Cincinnati, OH 45230
- $2,000,000
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- 1884043
- Property Type
- Multifamily
- Fireplace
- None
- Lot Size
- 20,517
- Levels
- Three
- County
- Hamilton
- Region
- Hamilton-E07
Property Description
20-unit multifamily investment opportunity in Cincinnati's Mt. Washington neighborhood offered at an 8.64% cap rate. The property consists of 14 two-beds units and 6 one-bed units, with 19 of 20 units currently occupied. At full occupancy, the property produces strong stabilized rental income supported by a consistent tenant base. Features include boiler heat, through-the-wall AC, separately metered electric, and an implemented RUBS program to help offset utility expenses. An electronic lock system is installed, and residents benefit from an off-street parking lot with approximately 30 spaces. Strong rental history and efficient operations make this a stable, income-producing asset with immediate cash flow and long-term upside.
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Additional Information
- Year Built
- 1966
- Acres
- 0.47
- Construction
- Brick
- Roof
- Membrane
- Basement Desc
- Full
- Garage/Carport
- None
- Cooling
- Wall Unit
- Heating
- Gas, Hot Water
- Sewer
- Public Sewer
- Water
- Public
- Primary Water Source
- Public
- School District
- Cincinnati City SD
- Levels
- Three
- Foundation
- Poured
- Gas
- Natural
- Fireplace
- None
Mortgage Calculator
Courtesy of Andrew Kroeger with Keller Williams Advisors
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