3188 Blueacres Dr Colerain Twp OH 45239

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3188 Blueacres Dr

Colerain Twp, OH 45239

Suburb: White Oak

$315,000

Under Contract - May accept backup offers

Prime investment opportunity in a quiet residential area. This desirable 4-family apartment building offers four spacious 1-bedroom units with month-to-month tenants, presenting potential for increased rental income. The building has been meticulously maintained and is in pristine condition. Don't miss out on this chance to enhance your portfolio with a property poised for growth. Financials attached. Can be purchased individually or along with 3178 next door. (ask about the 4 other quads available on the same street!)

Directions

Blue Rock Rd to Blueacres

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Property Details

General Information

Property Type	Multi Family
Style	Multi Fam 2-4 units
Suburb	White Oak
Zip Code	45239
School District	Northwest SD - Hamilton County
MLS#	1811671

Additional Information

Levels	Quad-Level
Construction	Brick
Total Acres	0.159
Gas	Natural
Water	Public
Sewer	Public
Foundation	Poured
Occupancy	Tenant Right
Semi-Annual Taxes	$3,326.00

Property Features

Basement	Full
Garage	Attached, Rear
Cars	4
Parking	Private, Off Street, Driveway, Asphalt
Windows	Vinyl
Heating	Gas, Baseboard, Hot Water
Cooling	Window Unit, Wall Unit
Fireplace	None

Additional Features

Multi-Family Information

Total Units	4
Gross Income
1 Bedroom Units	4
Parking Spaces	4

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You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

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360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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