5139 Colerain Ave Cincinnati OH 45223

New Search

5139 Colerain Ave

Cincinnati, OH 45223

Suburb: Mt Airy

$249,900

2,346sqft

Under Contract - May accept backup offers

Investors, don't miss out on this great investment opportunity in Mt Airy. This duplex features identical units with 3 BR/1.5BA, a large, open floor plan on the main level with living room, dining room and eat-in kitchen. Additionally, the units have individual utilities (Gas/electric) garages with openers, individual HVAC and water heaters. Only water/sewer is common. Unit 1 recently had some updates with new carpet upstairs and an updated full bath and Unit 2 features newer LVT flooring on the main level. The units need some updating/painting, but is priced accordingly. Current rents are below market and can be increased with some updates to the units.

Directions

Colerain Ave south to 5239 Colerain. Just after passing Shepherd Creek Road, the building will be on your right. Parking is around back

Open in Maps

Property Details

General Information

Property Type	Multi Family
Style	Multi Fam 2-4 units
Suburb	Mt Airy
Zip Code	45223
School District	Cincinnati City SD
MLS#	1825120

Additional Information

Levels	2 Story
Construction	Brick, Vinyl
Total Acres	0.141
Gas	Natural
Water	At Street
Sewer	Public
Foundation	Poured
Occupancy	At Closing
Semi-Annual Taxes	$1,870.00

Property Features

Property SqFt.	2,346
Basement	Full
Garage	Built in, Rear
Cars	4
Parking	Driveway, Gravel
Windows	Vinyl, Double Hung, Slider
Heating	Forced Air
Cooling	Central Air
Fireplace	None

Additional Features

Multi-Family Information

Total Units	2
Gross Income
Parking Spaces	2
Heat Paid	Tenant
Separate Gas & Electric	Yes
Separate Furnace/AC	Yes

Listings similar to 5139 Colerain Ave Cincinnati OH

Listings in other areas similar to 5139 Colerain Ave Cincinnati OH

More Info

To receive more information about this property, please fill out the form below.

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.

Mortgage Loan Calculator

Real Estate Price?:

Down Payment Pct?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Monthly Payments?:

Annual Interest Rate?:

Points?:

Annual Prop. Taxes?:

Annual Insurance?:

Mortgage Ins. (PMI)?:

Payment Method?:

Monthly Payment:

Down Payment:

Total Interest:

Total P & I:

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

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.

Schedule a Showing

To receive more information about this property, please complete the form below.