7045 Montgomery Road,Silverton, OH 45236
Silverton, OH 45236
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. The roof was just hot tar sealed, all windows caulked and sealed, and 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.
Details
| MLS # | 1875802 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 146 |
| Listing Provided By | eXp Realty | Andrew D Willoughby |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 9 |
| Building(s) | 2 |
| Zoning | Commercial |
| Property View | City |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Forced Air, Gas |
| Cooling | Central Air |
| Window Features | Vinyl |
| Fireplace Features | Inoperable |
| Fireplaces Total | 0 |
Exterior
| Roof | Shingle, Membrane |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Stone |
Parking
| Parking Features | Asphalt, Lot, Onstreet |
|---|---|
| Open Parking Spaces | 13 |
Utilities
| Sewer | Public Sewer |
|---|---|
| Gas | Natural |
Area Information
| State | OH |
|---|---|
| County | Hamilton |
| City | Silverton |
| Zip Code | 45236 |
| Area | Hamilton E05 |
| Subarea | Hamilton E05 |
| Community Name | Silverton |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Silverton) | |
Price: $949,000 low | high Med: $269,000 On site: 146 low | high Med: 86 | |
Market Activity 45236
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Learn More About This Property
| State | OH |
|---|---|
| County | Hamilton |
| City | Silverton |
| Zip Code | 45236 |
| Area | Hamilton E05 |
| Subarea | Hamilton E05 |
| Community Name | Silverton |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Silverton) | |
Price: $949,000 low | high Med: $269,000 On site: 146 low | high Med: 86 | |