988 Cleveland Ave Cincinnati OH 45229

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988 Cleveland Ave

Cincinnati, OH 45229

Suburb: Avondale

$279,000

2,797sqft

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Discover this lucrative duplex nestled between UC and Xavier University, offering unparalleled potential for both owner-occupants and savvy investors. The lower level features a 2-bed, 1-bath unit that previously earned $1,200. The top unit boasts 4 bedrooms and 2 full baths, with past earnings of $1,800. Utilities are not separated, which allows for additional income potential. Each unit includes its own private entrance, off-street parking, and a shared backyard ideal for relaxation or entertaining. With a proven track record of strong rental income and increasing demand in this thriving area, this Avondale gem is primed for impressive returns. The upper unit's increased rental potential of $2,100 per month showcases the property's growing value and income possibilities. The property's versatility allows for various investment strategies, including owner-occupied living with rental income or a full investment property. Act fast - properties like this don't stay on the market long!

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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#	1816951

Additional Information

Levels	3 Story
Construction	Brick
Total Acres	0.2
Gas	Natural
Water	Public
Sewer	Public
Foundation	Poured
Occupancy	Negotiable
Semi-Annual Taxes	$2,237.09

Property Features

Property SqFt.	2,797
Basement	Full
Garage	None
Cars	0
Parking	Onstreet, Off Street, Driveway
Windows	Wood, Vinyl
Heating	Gas
Cooling	Central Air, Window Unit
Fireplace	Gas, Dummy

Additional Features

Multi-Family Information

Total Units	2
Gross Income
2 Bedroom Units	1
Parking Spaces	4

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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.

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60 months = 5 years
120 months = 10 years
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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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