2850 Observatory Ave
- • A+ Premium Location: Unbeatable walkability on Observatory Ave. and an easy stroll to premier shopping at Hyde Park Square.
- • High-End Luxury Finishes: Fully renovated units designed to attract affluent, long-term tenants, featuring gourmet kitchens and updated bathrooms finished in premium Carrera marble.
- • Turn-Key Capex Protection: Maximize your cash flow from day one with significant capital improvements already completed, including completely updated HVAC systems and a resilient 40-year roof.
- • Architectural Character: Distinctive rental appeal featuring striking travertine fireplaces and historic design accents that easily beat out cookie-cutter apartment complexes.
- • Coveted Tenant Parking: Includes a highly sought-after 2-car garage, a rare commodity in historic Hyde Park.
- • Strong Economic Demographics: Tap into an elite tenant pool of young professionals and medical/legal executives, ensuring minimal vacancy rates and an exceptionally low risk of default.
Property Description
A rare generational investment opportunity awaits in Cincinnati’s most coveted submarket. Situated on prime real estate just steps from Carl’s Deli and blocks from the vibrant shopping, dining, and lifestyle of Hyde Park Square, this fully updated 4-family property seamlessly blends historic architectural charm with high-end modern luxury. The property delivers a premium tenant experience, boasting gourmet kitchens outfitted for culinary enthusiasts and updated spa-like baths clad in timeless Carrera marble. Living spaces are anchored by exquisite travertine fireplaces, flooding the units with sophisticated character that commands top-tier market rents. Beyond the luxury interior aesthetics, this asset offers absolute peace of mind and minimal capex for years to come, featuring updated HVAC systems, a brand-new 40-year roof, and a rare 2-car garage. Perfect for a hands-off investor looking to secure a low-vacancy, high-yield asset, or an owner-occupant looking to live luxury-style while tenants pay the mortgage. Don't miss your chance to own a piece of Observatory Avenue!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $795,000 |
| No. of Units: | 4 |
| Average Occupancy: | 5.03 |
| Year Built: | 1920 |
| Lot Size: | 0.19 Acres |
| Opportunity Zone: | No |
| Price per unit: | $198,750 |
| Property Website | Click Here |
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