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    396 Probasco Street

    Cincinnati, OH 45220
    • $700,000
    • STATUS: Active
    • ON SITE: 98 Days
    • ID#: 1704842
    UPDATED: 56 min ago
    $700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    During the 2020 pandemic, this property as an short term rental grossed $78044.62 & net $62216.00 with a 16% occupancy rate due to decrease in travel, but still yielded a 9% cap rate. Within walking distance of the University of Cincinnati. The campus is opening to full capacity, allowing for increased revenues and profits. Remodel completed in 2020 with all new appliances and 5 additional lofts that were used for extra sleeping quarters. Furnishings are negotiable and property is move in ready

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    The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than The Huffaker Group of Keller Williams Realty are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Huffaker Group of Keller Williams Realty. Data last updated 2021-09-28T14:14:35.827.
    www.thgcincy.com/homes/118539303
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    396 Probasco Street Cincinnati, OH 45220

    • Price: $700,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 1704842
    0
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    2006
    Built
    Neighborhood:
    Clifton
    County:
    Hamilton
    Area:
    Clifton
    Property Description
    During the 2020 pandemic, this property as an short term rental grossed $78044.62 & net $62216.00 with a 16% occupancy rate due to decrease in travel, but still yielded a 9% cap rate. Within walking distance of the University of Cincinnati. The campus is opening to full capacity, allowing for increased revenues and profits. Remodel completed in 2020 with all new appliances and 5 additional lofts that were used for extra sleeping quarters. Furnishings are negotiable and property is move in ready
    Exterior Features

    Access Roads Public Amount Onsite Parkng 0 Construction Materials Shingle SidingConcrete Docks 0 Exterior Features Lights Frontage 0 Levels Two Lot Size Dimensions 101X40 Parking Features PrivatePublicGarageOnsiteOn StreetConcreteEnclosedCovered Road Frontage City Roof Shingle

    Interior Features

    Basement None Cooling Central Air Equipment OvenMicrowaveFridgeDishwasherCoi Flooring TileVinyl Foundation Details Poured Heating GasForced Air Net Leasable Area 0 Office 0 Retail 0 Room Type Kitchen Warehouse 0

    Property Features

    Annual Taxes Of Record Auction No Degree Complete Existing Structure Documents Available Oper StatementAerial PhotoFloor PlanP & L S Easements Of Record Gas Natural Gas And Electric 0 Gross Income 78044.62 Gross Income2 0 Inventory Furniture Negotiable Lease Only No Mls Area Hamilton-E01 Net Income 62216.00 Net Operating Income 62216 New Construction YN No Other Expense 15828 Property Sub Type Investment Rentable 3589 Sewer Public Sewer Site Residential Area Special Financing No Subdivision Name Clifton Taxes Annual 0 Use Type Hotel/MotelMulti TenantOther Waste Removal 0 Water Sewer Expense 0 Water Source Public Zoning See Remarks

    © 2021 MLS of Greater Cincinnati, Inc. All rights reserved. Listing provided courtesy of Coldwell Banker Realty, 513-777-7900 and Tanya Roesel, . Information deemed reliable but not guaranteed.
    The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than The Huffaker Group of Keller Williams Realty are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Huffaker Group of Keller Williams Realty. Data last updated 2021-09-28T14:14:35.827.
     
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    The Huffaker Group of Keller Williams Realty
    3505 Columbia Parkway Suite 125
    Cincinnati OH, 45226