4518 Mcgregor Avenue, Newburgh Heights, OH 44105

Property Description

Welcome to this well-kept four-unit multifamily property in Newburgh Heights, featuring separate living spaces and multiple balconies. Significant renovations completed in 2023 include new flooring throughout, updated kitchens with new cabinetry, providing refreshed spaces for meal preparation, renovated bathrooms, fresh paint throughout, and new windows. Additional improvements include a new asphalt roof, four new furnaces, four new hot water tanks, and updated electrical. The front upper unit (Unit 3) offers two bedrooms, a living room, a dining room, and a full bath, while the front balcony provides additional outdoor space. The rear upper unit (Unit 4) offers a bedroom, a full bath, kitchen, living room, and a small bonus room that can accommodate a variety of uses. The unit also features access to a rear balcony, while the unit below includes a small back porch. The partial basement includes multiple laundry areas, while separate utility meters for each unit offer added convenience for tenants in tracking and managing utility expenses. Historically generating approximately $3,800 to $4,000 in monthly rental income across all four units, the property is being offered vacant, allowing the next owner to establish new tenancies. With substantial improvements and a history of rental income, this multifamily property presents an opportunity for investors seeking a well-maintained investment property to their portfolio.