1826 Fairmount Ave Cincinnati OH 45214

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1826 Fairmount Ave

Cincinnati, OH 45214

Suburb: Fairmount

$225,000

2,336sqft

Under Contract

Investment Opportunity Knocking! This inviting duplex, perched proudly atop a hill, offers a rare blend of character, flexibility, and potential income. It boasts original vintage details and custom woodwork that bring warmth & personality to every corner PLUS a recently updated kitchen with new counters in one of the units (2021) With a layout ideal for either leasing opportunities or multigenerational living, this home is versatile and ready to adapt to your needs. The property conveys 2 sets of recent and reliable kitchen appliances (2019-2022) and a washer & dryer (2021). A detached oversized two-car garage (built in 2019) provides ample space to store all your tools and toys with plenty of space left over to wrench on your rides. Unfinished attic space awaits your creative vision to transform it into additional utilized space. Don't miss this opportunity to own a property with both historical craftsmanship and cash flow possibilities, tell your Realtor to schedule a showing today!

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Property Details

General Information

Property Type	Multi Family
Style	Multi Fam 2-4 units
Suburb	Fairmount
Zip Code	45214
School District	Cincinnati City SD
MLS#	1823256

Additional Information

Levels	2 Story
Construction	Wood, Vinyl
Total Acres	0.463
Gas	Natural
Water	Public
Sewer	Public
Foundation	Stone
Occupancy	At Closing
Semi-Annual Taxes	$729.00

Property Features

Property SqFt.	2,336
Basement	Partial
Garage	Detached, Rear, Oversized
Cars	2
Parking	Private
Windows	Wood
Heating	Gas, Forced Air
Cooling	Window Unit
Fireplace	Ceramic, Inoperable

Additional Features

Appliances	2 Refrigerators, 2 stoves, 1 micro, W&D

Multi-Family Information

Total Units	2
Gross Income
2 Bedroom Units	2
Parking Spaces	2
Heat Paid	Owner
Separate Gas & Electric	No
Separate Furnace/AC	No

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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
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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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