If you are in the market for an investment property in Cincinnati, then you don’t want to miss out on this great opportunity. This property, currently available for sale, is tenant-occupied on a month-to-month basis, providing instant rental income for the savvy investor.
One of the most attractive features of this investment property is the potential for increased equity with some improvements. This means that by making a few upgrades and renovations, you could significantly raise the value of the property, allowing for a potentially higher return on investment in the future.
One important aspect to note is that both the roof and furnace of the property are relatively new, approximately 3.5 years old. This is a significant advantage as it means you won’t have to worry about major replacements or repairs in the immediate future, saving you time and money.
The roof itself is a 3D tile roof, which not only provides a visually appealing aesthetic but also adds durability and longevity to the structure. This type of roof is known for its ability to withstand harsh weather conditions, making it a great investment for the long term.
However, it is essential to mention that this property is not suitable for FHA financing. The Federal Housing Administration (FHA) has specific guidelines and criteria that need to be met for a property to qualify for their financing programs. While this property may not meet those requirements, it still offers an excellent opportunity for investors with alternative financing options.
Investing in real estate can be a lucrative endeavor, and this Cincinnati investment property presents a unique chance to add value and build equity. With a tenant already in place, you can start generating rental income immediately, while also having the potential to increase the property’s value through strategic improvements.
Before making any investment decisions, it is crucial to conduct thorough due diligence and consult with professionals to ensure that the property aligns with your investment goals and objectives. Real estate agents and property inspectors can provide valuable insights and guidance throughout the purchasing process.
In conclusion, this Cincinnati investment property for sale offers an excellent opportunity for investors who are looking to expand their portfolio. With a tenant in place, newer roof and furnace, and the potential for increased equity with improvements, this property is worth considering. While it may not be suitable for FHA financing, there are alternative options available to make this investment a reality. Take advantage of this chance to enter the Cincinnati real estate market and reap the benefits of a potentially profitable investment.