Property Description

Great cash flowing investment opportunity! All units rented! Brick building with larger one bedrooms units with all four units occupied. 2624 sq ft building not including full, unfinished basement. Current gross rents for all occupied units are $3090/month, $37,080 yearly. All units updated with white shaker cabinets, granite, and LVP. Four parking spaces off-street in front of building. Tenants pay their own electric. Owner pays house electric and water. Coin laundry in basement owned by seller. Three of the four tenants are currently in a lease.

776 Wells Street | MLS# 1870635

This multi-family property located at 776 Wells Street, Cincinnati, OH 45205 is currently listed for sale with an asking price of $265,000. Wells Street is located within the Cincinnati school district. Search Cincinnati real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Full

Basement: Yes

Cooling: Wall Unit

Days on Market: 9

Fireplaces: 0

Heating: Individual, Electric

Lot Size: 0.15 Acres

Roof Type: Membrane

Stories: 2.0

Taxes: $3,480

Year Built: 1959

Amenities

Storage Area

Feature Descriptions

Exterior: Brick

Fireplace Features: None

Foundation: Poured

Gas: Natural

Miscellaneous: Coin Laundry, Smoke Alarm

Parcel #: 176-0024-0048-00

Parking: Asphalt, Assigned, Off Street, Onstreet, Private

Sewer: Public Sewer

Total Buildings: 1

Units: 4

Water: Public

Window Features: Vinyl

Local Schools

School District: Cincinnati

Demographics

Hamilton County Demographic Information for 776 Wells Street, Cincinnati, OH 45205

Fips

Fips Code 39061

Population

2020 to 2023 Change down 0.4%

2010 Count 802,374

2020 Count 830,639

2023 Estimate (V2023) 827,058

2020 Estimate (V2023) 830,628

Age Distribution (Years Old)

0 to 4 6.1%

5 to 17 22.6%

18 to 64 54.4%

65 and Older 16.9%

Gender

Male 48.6%

Female 51.4%

Place of Birth

Foreign 5.9%

US 94.1%

Education

High School Graduate, Age 25+ 92.1%

Bachelor's Degree or Higher, Age 25+ 40.3%

Computer and Internet use

Households with a computer 93.4%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 7.4%

English is First Language, Age 5+ 92.6%

Veterans

Veterans 37,263

Income

Per Capita Income $42,555

Median Household Income $68,249

People in Poverty 15.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 381,690

Households 348,491

Average Household Size 2.32

Owner-Occupied 59.2%

Multi-Family 35.8%

Owner-Occupied Median Value $205,000

Median selected monthly owner costs -with a mortgage $1,567

Median selected monthly owner costs -without a mortgage $649

Median gross rent $961

Building Permits

New Private Housing Issued 2023 1,143

Years at Residence

1 Year or More 85.3%

Less Than 1 Year 14.7%

Business and Employment

Private non-farm Establishments 20,857

Private non-farm Employment 493,367

Private non-farm Employment Growth down 1.0%

Nonemployer Establishments 63,869

Number of Firms 69,573

Business Production

Value of Shipments $23,656,887,000

Wholesale Trade $16,309,476,000

Retail Trade $13,273,606,000

Retail Sales Per Capita $14,411

Accommodation and Food Services $2,445,265,000

Land

Land Area 405.91 sq. miles

Population Per Square Mile 1,977

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,660.23 per month $1,292.94 Principal & Interest $290.00 Property Tax $77.29 Homeowner's Insurance

Change Payment Information

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