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241 Gilman Ave, Cincinnati, OH 45219
$230,000
241 Gilman Ave, Cincinnati, OH 45219View this property at 241 Gilman Ave, Cincinnati, OH 45219
241 Gilman AveCincinnatiOH45219
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Property Description
Introducing a fantastic, 5 unit investment opportunity in the thriving Mt. Auburn area near University of Cincinnati! This multi-family property is a savvy investor's dream, with a potential for substantial value appreciation. Currently offering below-market rents and partially occupied, there is significant room for rental income growth Imagine the cash flow potential as you raise rents to match market rates and enhance the property's appeal through strategic renovations. With an estimated After Repair Value (ARV) of $650,000+/-, this investment promises attractive returns. Being sold as is where is. Whether you're looking to expand your real estate portfolio, secure a steady cash flow, or capitalize on the thriving University community, this property has it all. Owner is a licensed agent in Ohio.
Full Property Details
Full Property Details for 241 Gilman Ave
General
- Sold For: $230,000
- Taxes: $3,769
- Status: Closed
- Type: Multi-Family
- MLS ID: 1787206
- Added to Site: 194 day(s) ago
Location
- County: Hamilton
- Driving Directions: Auburn Ave to Gilman (across from Christ Hospital)
School Information
- High School District: Cincinnati Public Schools
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Connected
Structural Information
- Structure Type: Multi Family
- Construction: Stucco
- Basement: Yes
- Basement Desc.: Full
- Roof: Shingle
- Windows: Aluminum Frames
- Square Feet: 3,242
- Sq. Ft. Source: Assessor
- Living Area: 3,242 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.143
- Lot Size: .143
- Lot Dimensions: 76 x 86
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,769
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Schools
Schools serving 241 Gilman Ave
School District:Cincinnati Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
270 Southern Ave, Cincinnati, OH 45219 | PK-8 | 0.2 mi | |
2515 Clifton Ave, Cincinnati, OH 45219 | 7-12 | 1 mi | |
420 Ezzard Charles Dr, Cincinnati, OH 45214 | 7-12 | 1.2 mi | |
3250 Victory Pkwy, Cincinnati, OH 45207 | 7-12 | 1.9 mi | |
2488 Madison Rd, Cincinnati, OH 45208 | 7-12 | 3.2 mi | |
3030 Erie Ave, Cincinnati, OH 45208 | 7-12 | 4.4 mi | |
2144 Ferguson Rd, Cincinnati, OH 45238 | 7-12 | 5 mi | |
2146 Ferguson Rd, Cincinnati, OH 45238 | 7-12 | 5 mi | |
7005 Reading Rd, Cincinnati, OH 45237 | 7-12 | 5.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 241 Gilman Ave
Date
Details
Price
Change
Source
12/01/2023
Sold
$230,000
-13.21%
MLS
11/08/2023
Price Reduced
$265,000
-3.64%
MLS
10/17/2023
Listed
$275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
241 Gilman Ave, Cincinnati, OH 45219 (MLS# 1787206) is a Multi-Family property that was sold at $230,000 on December 01, 2023. This property was listed by Varun Varma from our Hyde Park Office.Want to learn more about 241 Gilman Ave? Do you have questions about finding other Multi-Family real estate for sale in Mount Auburn? You can browse all Mount Auburn real estate or contact a Coldwell Banker agent to request more information.