4828 Glenway Ave
Cincinnati, OH 45238
La Hacienda · Multifamily Property For Sale · 13 Units

In the City of Cincinnati, the Queen City, there are so many stylish and elegant buildings, historic and modern, commercial and residential, and La Hacienda on Glenway in West Price Hill is one of them as multifamily apartment low-rise garden property. The millet color bricks, the emerald roof tiles, and exquisite woodworks, the atrium-style courtyard, the manicured lawn and the wi-fi controlled electronic surveillance system... ... all these together with the incomparable location on the flashy Glenway and the St. Theresa Church sitting across make this place the most sought-after home. La Hacienda has three floors with 4 spacious one-bedroom apartments on each floor. There is a petite one-bedroom unit in the basement, and all of them are now occupied with carefully-selected tenants. Having individual electric and gas meters, tenants pay their own utility bills, except the basement unit. Owner pays for water, cold and hot, wi fi, lawn care, waste management and heat. There is no on-site management. New owner has to find his/her own management. Rent is paid by money order and online card processing, and rent dropbox is in the courtyard under smart Nightowl Camera. The current monthly rent revenue is $7500, and could easily adjusted close to $8500, and thus drive up the Cap rate to be around 10%. Public Laundromat is in the basement, and the current owner is building a new laundry center with four new coin-op machines.