This huge colonial revival in the Walnut Hills area of Cincinnati is listed for just $24,900, which is less than $10 a square foot. This house has lots of late-19th-century charm, and is situated on almost a quarter of an acre. The foreclosee paid $94,000 for this house a couple of years ago (1/3/2006), and Zillow.com estimates its current value at $137,000.Although the house could use a cosmetic makeover, it is habitable as it currently is. For about $5,000, some updates could be done to make this place ready to rent (section 8 would be a great option if this path is taken). Alternately, with $25,000 to $30,000 of substantial renovation work, this house could be pretty stunning. This house could be rented for over $1,000 per month, making it a lucrative investment opportunity for anyone looking for a cash-flow property in Southwestern Ohio.
The basics...
Address: 3231 Beresford Avenue, Cincinnati, OH 45206
Current Listing Price: $24,900
PREVIOUS Sale Price: $94,000 (1/3/2006)
Size: 5 Bedrooms, 2 Bathrooms; 2,738 square feet
Lot: .22 acres
http://www.realtor.com/realestate/cincinnati-oh-45206-1100908851/
1 comment:
Interested parties may also wish to research Madisonville - east of Walnut Hills.
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