Don’t miss out on this unique investment opportunity in popular Hamilton, Ohio. This property features an additional studio-home in the back of the property that was rented for $300 per month, complete with plumbing and electric. The home is currently tenant occupied, and the tenant has been in the home for the past seven years paying $600/month in rent. If the tenant stays in the property (your choice), the tenant is aware that the rent will be increasing. Both structures on the lot need to be updated, and an update will allow you to increase rents.
Market rents for a 2-bedroom in this area are $650 – $675
Semi-annual taxes are $452.54, and annual taxes are $905.08
Recent sales (most homes needed work)
- 1726 Parrish Ave – 2/1– 1,204sqft. sold for $78,000
- 1886 See Ave – 2/1 – 796 sqft. sold for $67,000
- 1730 Kahn Ave – 2/1 – 1,008 sqft. sold for $65,000
Currently for sale
- 6811 Lester Ave, Hamilton, OH 45011 — current price: $119,900
- 1648 Singer Ave, Hamilton, OH 45011 — current price: $85,900
For more information or to schedule a viewing, call (513) 434-8599.