603 605 Prospect Pl Cincinnati OH 45229

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603 605 Prospect Pl

Cincinnati, OH 45229

Suburb: Avondale

$282,900

2,211sqft

Active

Tremendous triplex in Avondale ready for a new owner! Unit 1 features 4 bedrooms and 2 baths, currently rented at $1245 per month. Unit 2 offers 2 bedrooms 1 bath, currently rented at $995. Both of these units have new LVT flooring, updated bathrooms and kitchens featuring new cabinets, new appliances & fresh paint. Efficiency is a cozy 1 bed/1 bath space with tile floors, and newer kitchen & bath, rented at $645/m. Close proximity to Xavier, UC, Children's Hospital and the Zoo.

Directions

Reading Rd. to Prospect Pl.

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Property Details

General Information

Property Type	Multi Family
Style	Multi Fam 2-4 units
Suburb	Avondale
Zip Code	45229
School District	Cincinnati City SD
MLS#	1814728

Additional Information

Levels	3 Story
Construction	Brick
Total Acres	0.062
Gas	Natural
Water	Public
Sewer	Public
Foundation	Stone
Occupancy	At Closing
Semi-Annual Taxes	$3,333.31

Property Features

Property SqFt.	2,211
Basement	Full
Garage	None
Cars	0
Parking	Onstreet
Windows	Vinyl, Double Hung
Heating	Gas
Cooling	None
Fireplace	Inoperable

Additional Features

Other Features	Coin Laundry

Multi-Family Information

Total Units	3
Gross Income
Efficiency Units	1
2 Bedroom Units	1
Heat Paid	Tenant
Separate Gas & Electric	Yes
Separate Furnace/AC	Yes

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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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240 months = 20 years
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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