Terry Hankner

Unbeatable location, over $74k in in place gross annual income, and opportunity to grow to $110k+. Completely renovated 4 unit Multifamily property with Commercial zoning in the middle of Newport redevelopment... offering limitless opportunities for the future. Building is one property from the bridge to downtown Cincinnati, Great American Ballpark, Newport on the Levee, the new $1B Ovation development, and a short walk to Paul Brown Stadium, the Banks, and all the other attractions. Completely renovated with top notch finishes throughout, granite countertops, wood flooring, stainless appliances, and designer lighting and cabinetry. New mechanical, electrical, plumbing, and roofing. Separately metered heating, cooling, electric and gas for main units. Topped off with multiple levels of large patios and decks with views of downtown Cincinnati and the fireworks. Currently leased at or under $1.50/ SF with surrounding comps exceeding $2.00/ SF.... Room to grow as an income producing property along with being in the path of more future redevelopment. Basic Financials:4,733 Rentable SF5,261 Gross SFGross Annual Income $74,400Estimated Expenses $13,100Net Operating Income $61,3

Terry Hankner

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Recent property sales & transaction history

1 properties

Newport

Family Home

$1,100,000

3,300 ft²

Properties for sale by listing agent Terry Hankner

$1,095,000

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