6449 Montgomery Rd Cincinnati OH 45213

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6449 Montgomery Rd

Cincinnati, OH 45213

Suburb: Kennedy Hts

$1,995,000

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Key Property Partners is thrilled to offer a turn-key 17-unit multifamily property at 6449 Montgomery Rd, Cincinnati, OH, for $1,995,000. This meticulously upgraded building features 17 one-bedroom units with modern finishes, updated electrical systems, updated plumbing, windows, and PTAC units (paid by tenants). Significant renovations to both interiors and exteriors have been completed over the past 12+ months, ensuring the property is in excellent condition. All tenants have credit scores of 750+, underscoring the building's stability and profitability. This property is fully turnkey and ready for long-term investment.

Directions

Montgomery/Ridge, Montgomery towards Kenwood Towne Center, just past Orchard

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Property Details

General Information

Property Type	Multi Family
Style	Apartment 5+ Units
Suburb	Kennedy Hts
Zip Code	45213
School District	Cincinnati City SD
MLS#	1815446

Additional Information

Levels	Tri-Level
Construction	Brick
Lot Dimensions	70 x 225
Total Acres	0
Gas	Natural
Water	Public
Sewer	Public
Foundation	Poured
Occupancy	Tenant Right
Semi-Annual Taxes	of record

Property Features

Basement	Partial
Garage	None
Cars	15
Parking	Lot, Private, Lights, Off Street
Windows	Aluminum
Heating	Electric
Cooling	Wall Unit
Fireplace	None

Additional Features

Multi-Family Information

Total Units	17
Gross Income
1 Bedroom Units	17
Parking Spaces	15
Heat Paid	Tenant
Separate Gas & Electric	Yes
Separate Furnace/AC	Yes

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Mortgage Calculator

To determine affordability and approximate loan payments, use the button below to reveal the mortage calculator. Please note that when using the form one of either the 'Down Payment Pct' or 'Amount of Loan' fields, but not both, must be set to zero to complete the calculation.

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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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Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

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.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
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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