31
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$949,000
Est. payment /mo
0.66 Acres Lot
Price Dropped by $50K
503 Woodlawn Ave Cincinnati, OH 45205
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1832194
Year Built 1965
Lot Size 0.659 Acres
Property Sub-Type Apartment
Source Cincinnati Multiple Listing Service
Property Description
503 Woodlawn offers strong current returns and significant value-add potential through strategic unit renovations, operational improvements, and lease-up of vacant units 16 units- 1BR & 1 BA. 11 units have balconies. Coin operated laundry and individual storage units. 100% occupied, $10,970 monthly cash flow with room to raise rents! Off street parking lot. Owner pays heat, water, trash and sewer, tenants pay electric. Can be bought as a package deal with 2861 Harrison, 12 units. -New Roof (2021) -Interior renovations in select units -HVAC system upgrades -Updated electrical systems -Common area improvements -Professional landscaping enhancements -New security locks throughout property -Convenient access to major highways and public transportation -Proximity to employment centers and educational institutions -Nearby shopping, dining, and entertainment -Essential services within walking distance
Location
State OH
County Hamilton
Area Hamilton-W04
Rooms
Basement Partial
Interior
Heating Baseboard, Gas, Hot Water
Cooling Wall Unit
Fireplaces Type None
Window Features Aluminum
Exterior
Parking Features None
Garage Spaces 16.0
Garage Description 16.0
View Y/N No
Water Access Desc Public
Roof Type Composition
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by RE/MAX Victory + Affiliates
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