Cincinnati, Ohio is a city with a thriving real estate market, and if you’re looking for an investment property, we have a great opportunity for you. This Cincinnati investment property for sale is currently tenant occupied on a month-to-month basis, presenting an excellent chance for immediate income.
One of the biggest advantages of this property is its potential for increased equity with improvements. As is often the case with investment properties, making the right upgrades and renovations can significantly enhance its value. Whether it’s updating the kitchen, remodeling the bathroom, or adding a fresh coat of paint, there are numerous ways to make this property more attractive to potential buyers or tenants.
Furthermore, this property boasts a relatively new roof and furnace, both of which are approximately 3.5 years old. A roof is an essential component of any property, and the fact that this one is a 3D tile roof adds a touch of elegance and durability. With a recently replaced roof and furnace, you can have peace of mind knowing that these major expenses have already been taken care of.
However, it’s important to note that this property is not an FHA candidate. For those unfamiliar with the term, FHA refers to loans insured by the Federal Housing Administration, which often have more relaxed credit and down payment requirements. While this property may not meet those specific criteria, it still presents an excellent opportunity for investors or buyers with alternative financing options.
Investing in real estate can be a lucrative endeavor, especially in a city like Cincinnati that offers a strong and stable market. With a tenant already in place, you can start generating income from day one. Additionally, the potential for increased equity through renovations and the relatively new roof and furnace make this property even more enticing.
Cincinnati is a city filled with vibrant neighborhoods, cultural attractions, and a strong job market. This investment property is strategically located in a desirable area, making it an excellent opportunity for both seasoned investors and first-time buyers looking to dip their toes into the real estate market.
If you’re in the market for an investment property in Cincinnati, don’t miss out on this great opportunity. With a tenant in place, the potential for increased equity, and recent updates to the roof and furnace, this property offers a solid foundation for your real estate portfolio. Act fast, as opportunities like this don’t stay on the market for long in Cincinnati’s thriving real estate scene.
1118 Fairbanks Ave, Cincinnati, OH 45205