790 Clinton Springs Ave Cincinnati OH 45229

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790 Clinton Springs Ave

Cincinnati, OH 45229

Suburb: Avondale

$1,450,000

0bd

0 - 0ba

13,000sqft

Active

Great opportunity in a recently updated building nestled in the vibrant North Avondale community. Up to 21 studio units spread across 3 levels, including a finished basement. There's much flexibility consider combining some units to create larger ones. While the units currently do not have a kitchen, seller is open to installing kitchenettes in each unit or provide a credit. The auditor states that the building is 13,000+ sq ft (much larger), and each floor boasts a common area. The rooftop and deck space provide additional communal and recreational opportunities. This building is an incredible business opportunity, including off-campus living, family accommodations, professional office spaces, short-term rental options, academics, medical professionals, co-working spaces, a boutique hotel, senior housing, and more. Off-street parking and eight assigned parking with two-car garages are included. Option for lease. 5 years lease for $16,000 a month.

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Property Details

General Information

Property Type	Commercial
Style	Commercial
Suburb	Avondale
County	Hamilton
Zip Code	45229
MLS#	1813734

Additional Information

Property SqFt.	13,000
Levels	3 Story
Best For	Office, Business, Special Purpose, Daycare
New Construction	No
Lease Only	No
Price/Sq. Ft.	0
Gross Income
Semi-Annual Taxes

Property Features

Construction	Brick
Total Acres	0.27
Gas	Natural
Water	Public
Sewer	Public
Foundation	Block

Additional Features

Basement	Full
Parking	Lot
Heating	Forced Air
Cooling	None
Access Road	Public

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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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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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