Description
Fabulous opportunity to own the historic 12 Mile House. Stunning architecture + strong history of a steady NOI. Suites remodeled in 2019. Updated electrical. 42K in improvements 2020-2021. New windows, new heat pump, sealed roof, secure access + tuck pointing for property preservation. $4650/mo rent, 38,748 NOI, 6.46% Cap. Minimal turnover + low R&M expenses. Parking lot conveys. Walkable to wonderful restaurants/coffee shop. Convenient to 75, 71 and 275. Truly a gem.
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0BEDS
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0.42ACRES
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5BATHS
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01/2 BATHS
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7,380SQFT
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$81$/SQFT
Description
Fabulous opportunity to own the historic 12 Mile House. Stunning architecture + strong history of a steady NOI. Suites remodeled in 2019. Updated electrical. 42K in improvements 2020-2021. New windows, new heat pump, sealed roof, secure access + tuck pointing for property preservation. $4650/mo rent, 38,748 NOI, 6.46% Cap. Minimal turnover + low R&M expenses. Parking lot conveys. Walkable to wonderful restaurants/coffee shop. Convenient to 75, 71 and 275. Truly a gem.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Draznik Group | Coldwell Banker are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Draznik Group | Coldwell Banker.
Data last updated 2023-09-30T10:13:36.987.