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Real Estate Investors Association of Greater Cincinnati


1123 1/2 S. 7th Street,, Ironton, OH 45638

Multiple Family / 10 Bedroom(s) / 6 Bath(s)

Property Status: Available |  For Sale: $269,900.00


Property Photos
1123 1/2 S. 7th Street, (Image - No Photo)


6 Unit Multi-Family 100% Occupied (Waiting List) 4 2BR 2 1 BR....Newer Appliances, New Carpet and Paint in most units.


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $269,900.00
Property Details:
Multiple Family / 10 BR / 6 BA
Property Style:
5+ Units
Year Built:
1950
Finished Sq Ft:
5,874
Basement:
No Basement
Owner / Agent:
Individual Owner
Property Features:
1 Off Street Parking
Contact Info
PRO PROPERTY RESTORATIONS, LLC
(304) 634-5156

View on Individual's Website
Property Description:
FIGURES ARE ACCURATE PLUS OR MINUS 5% AS OF 7/19/2020  

 

6 Unit Multi-Family for Sale  -  100% Occupied – NO REPAIRS

 

$699  unit A  2 BR New Fridge

$699  unit B  2BR

$699  unit C  2BR

$699 unit  D  2BR    All above bottom floor

$649 Unit E  1 BR   upstairs  New Fridge

$799 Unit F  1 1/2 BR Upstairs  New Fridge

$4244  Monthly

$50,928.00 Annual GROSS INCOME

 

$  5940.00  Utilities  1 Bill from City Avg $495.00 per month  Water/Sewage/Garbage/Municipal fees Tenant pays                     

electric  There is no gas

$15,900.00  Property taxes Annual

$  2,028.00  Annual Insurance State Farm  (insure for $300,000.00

$  5,092.80  10%  (Avg's about 9%)

$  7,639.20  15% Maintenance  includes materials and labor  (new roof in 2021)  (Electric panels replaced 20) 

$34,571.12    Gross  Income

 

-21,000.00     Mortgage  (17,500.00)  Per Month *Note base on 30 yr mrtg @ 5.75%

$13,571.12     26.5%   Before taxes

$  5,028.40     40%  State and Federal income

$8,543.00        Net Income after Taxes

 nit Multi-Family for Sale  -  100% Occupied – NO REPAIRS

$15,750  Interest Deduction of Income Taxes

 

$24,293  Total Net Income and Tax Deductions

 

NO REPAIRS NEEDED

LANDLORD PAYS $495.00 UTILIES PER MONTH  TENTANTS PAY ALL OTHER UTILITIES 

Legal Disclaimer:
Real Estate Investors Association of Greater Cincinnati is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Real Estate Investors Association of Greater Cincinnati

3707 Warsaw Avenue
Cincinnati, OH 45205
(513) 407-3137

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