Travis Kaufman

1589 Summit Road, Cincinnati, OH 45237

$445,000
  • 1589 Summit Road, Cincinnati, OH 45237 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,798 MLS#1883252
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCincinnati

Property Description

Exceptional opportunity to own a fully renovated, turnkey 5-unit multifamily property at 1589 Summit Rd! This income-producing asset features four 1-bedroom units and one efficiency unit, generating $4,400/month in gross rental income. Tenants pay all utilities except water, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. Extensively renovated within the past 3 years, improvements include all new drywall, electrical, plumbing, windows, roof, gutters, individual furnaces, central A/C units, remodeled kitchens with updated appliances, and high-end marble and tile finishes throughout. The solid brick building has been meticulously maintained, with brickwork in excellent condition. Additional features include two sump pumps for added protection and a basement efficiency unit with two separate entrances/exits. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment.

1589 Summit Road | MLS# 1883252

This multi-family property located at 1589 Summit Road, Cincinnati, OH 45237 is currently listed for sale with an asking price of $445,000. Summit Road is located within the Cincinnati school district. Search Cincinnati real estate on www.travisskaufman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Fireplaces: 0
Garage: 4
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,918
Year Built: 1942

Units

Unit Type 1:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 3:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4
Unit Type 4:
Bedrooms: 1
Full Bath(s): 1
Rent: $900.00
Total Rooms: 4

Amenities

Security System
220 Volt
Storage Area

Feature Descriptions

Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: Natural
Lot Dimensions: 50x120
Miscellaneous: Coin Laundry, Smoke Alarm
Other Features: Busline Near
Parking: Off Street, Onstreet
Security: yes
Sewer: Public Sewer
Special View Info: City
SQFT Basement: 1399
Total Buildings: 1
Units: 5
Water: Public
Window Features: Vinyl, Insulated

Local Schools

School District: Cincinnati

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agent Name: Dustin Walters
Agency Phone: 513-777-7900

agent picture

Shown By

Agent Name: Travis Kaufman
Agent Phone: (419) 277-9041
Agency Title: Key Realty

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Estimated Payment

$ 3,112.16 per month $2,489.20 Principal & Interest $493.17 Property Tax $129.79 Homeowner's Insurance

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