If you’re on the lookout for a lucrative investment opportunity in the real estate market, then this Cincinnati investment property for sale might just be the perfect fit for you. Boasting a great location and a range of potential improvements, this property offers an excellent chance to increase your equity and make a sound investment.
One of the standout features of this property is its current tenant occupancy. With a month-to-month lease in place, you can start generating income from day one. This not only provides a steady cash flow but also eliminates the hassle of finding new tenants, making it an attractive proposition for investors.
The property comes with the added advantage of having a relatively new roof and furnace, both of which are only around 3.5 years old. A 3D tile roof adds an aesthetic appeal and durability to the property, ensuring it remains in good condition for years to come. This is a valuable selling point for potential buyers, as it reduces the need for immediate costly repairs or replacements.
While the property is filled with promise, it’s important to note that it is not an FHA candidate. This means that it may not meet the specific requirements set by the Federal Housing Administration for financing. However, this does not diminish its potential as an investment property. With the right buyer and financing options, this property can still be a fantastic opportunity for those looking to expand their real estate portfolio.
Furthermore, the property offers significant potential for increased equity with improvements. By investing in renovations, updates, or other enhancements, you can not only attract better quality tenants but also potentially increase the property’s value. This presents an opportunity for both short-term gain and long-term appreciation.
Cincinnati, known for its vibrant economy and growing job market, is an ideal location for real estate investment. With a strong demand for rental properties, you can expect a healthy return on your investment in this thriving city. Additionally, Cincinnati offers a high quality of life, making it an attractive destination for potential tenants.
In conclusion, this Cincinnati investment property for sale is a great opportunity for investors seeking to capitalize on the real estate market. With a tenant already in place, a relatively new roof and furnace, and the potential for increased equity through improvements, this property has a lot to offer. While it may not be suitable for FHA financing, it still presents a fantastic chance to make a sound investment and generate a steady income stream. Don’t miss out on this great opportunity to expand your real estate portfolio in Cincinnati.
1118 Fairbanks Ave, Cincinnati, OH 45205