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$1,225,000

  • Sold
  • Closed
  • Apartment
  • 19,260 Sq. Ft.
  • 1.25 Acres
  • 40 Car Garage
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Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.

Full Property Details for 497 Old Boston Rd

General

  • Sold For: $1,225,000
  • Taxes: $14,509
  • Status: Closed
  • Type: Apartment
  • Source: Cincinnati
  • MLS ID: 1822853
  • Added to Site: 487 day(s) ago

Interior

  • Interior Features: Storage Area, Coin Laundry
  • Appliances: All appliances included in units.

Additional Information

  • Other Features: Coin Laundry

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 40
  • Total Spaces: 40
  • Parking: Asphalt

Location

  • Area: Batavia Twp.
  • County: Clermont
  • Township: Batavia Twp
  • Driving Directions: SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.

School Information

  • School District: Batavia Local SD
  • High School District: Batavia Local SD

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air Conditioning
  • Separate Air Cond.: Yes
  • Heating Type: Electric, Forced Air
  • Heating Fuel: None
  • Separate Furnace: Yes

Utilities

  • Separate Gas/Elect: Yes
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 2
  • Architectural Style: Two Story
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Foundation: Poured
  • Roof: Shingle, Membrane
  • Windows: Aluminum, Vinyl
  • Stories/Levels: Two
  • Square Feet: 19,260
  • Year Built: 1970

Unit Information

  • 2 Bedroom Units: 20

Lot Features

  • Lot Size (Acres): 1.25
  • Lot Size (Sq. Ft.): 54,450
  • Zoning: Multi Family, Commercial

Financial Considerations

  • Price Per Acre: $980,000
  • Semi-Annual Taxes: $7254
  • Tax Amount: $14,509
  • Tenant Expense: Heat
  • Pays Heat: Tenant
  • Pays Water: Owner

Disclosures and Reports

  • Documents Avail.: Aerial Photo, Rent Roll
  • APN: 060226.043.

Listed by ERA REAL Solutions Realty, LLC (513) 873-6116, Jon DeCurtins and J.A. Trautmann Realty, Inc., W (513) 752-5000, John Trautmann (513) 752-5000
Sold by NonMember Firm (NONMEM) 513-000-0000, Non Member

Listing agents

— 497 Old Boston Rd —

  • Jon DeCurtins

    ERA REAL Solutions Realty, LLC

    513-873-6116

  • John Trautmann

    J.A. Trautmann Realty, Inc., W

    513-752-5000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 497 Old Boston Rd

School District:Batavia Local School District
NameGradesDistance
Batavia Elementary School
3 Bulldog Place, Batavia, OH 45103
PK-52.6 mi
Batavia Middle School
800 Bauer Avenue, Batavia, OH 45103
6-80.9 mi
Batavia High School
1 Bulldog Place, Batavia, OH 45103
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 497 Old Boston Rd

Date
Details
Price
Change
Source
2/06/2025
Sold
$1,225,000
-11.87%
MLS
10/28/2024
Listed
$1,390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by ERA REAL Solutions Realty, LLC (513) 873-6116, Jon DeCurtins and J.A. Trautmann Realty, Inc., W (513) 752-5000, John Trautmann (513) 752-5000
Sold by NonMember Firm (NONMEM) 513-000-0000, Non Member

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497 Old Boston Road, Batavia Township, OH 45103 (MLS# 1822853) is a Apartment property that was sold at $1,225,000 on February 06, 2025. Want to learn more about 497 Old Boston Road? Do you have questions about finding other Apartment real estate for sale in Batavia Township? You can browse all Batavia Township real estate or contact a Coldwell Banker agent to request more information.