Kirby School Apartments

Exceptional Conversion Property 
o With average floorplans over 950 SF (760-2,200 SF range) and 12+ foot ceilings, Kirby School offers spacious accommodation and ample natural light for families and young professionals alike. Units also offer accents that remind tenants of the building’s former life; chalkboards in some units, for instance. These touches are particularly appreciated in the eclectic Northside neighborhood Kirby serves.
o Despite the charming historic feel, all plumbing, electric, and roofs are less than 10 years old.
· Excellent Location in Rapidly Growing Submarket  
o Similar to its sister offering (American Can Lofts), Kirby School is well-positioned amongst the numerous neighborhood amenities offered throughout Northside. Due to being located in a ‘designated entertainment district’, a greater-than-normal concentration of restaurants, entertainment options, and bars are permitted to operate in the neighborhood – a serious draw for the vital young professional demographic. Kirby is a 5 minute walk to the heart of this district.
· Value Add Upside Opportunities 
o Light interior upgrades to push rents to $2.00/SF being achieved by nearby competitor: $145+ rent upside. 
o Opportunity to implement utility billback program to recapture most of the $41,000+ utility expense. 
· Ideal location at intersection of I-75 and I-74 offers easy commutes 
o Cincinnati CBD with 6 Fortune 500 HQs: 10 minutes 
o University of Cincinnati (50K+ enrollment): 8 minutes 
o 4 major hospitals (UC, Christ, Good Samaritan, Children’s): 8 minutes 
Tours: Dates to be announced, contact brokers 
 
Call for Offers:  April 30th, 2024
 
Note: this property is offered simultaneously, but independently, as nearby American Can Lofts (inquire for details)

  

Property Description

Thanks for your interest in Kirby School Apartments, a 40-unit adaptive reuse community in Cincinnati’s eclectic Northside neighborhood. Converted and renovated in 2016 and listed in the National Register of Historic Places, the property offers an attractive opportunity to invest in one of the MSA’s most rapidly developing neighborhoods. With close access to I-74 and I-75 and located only ten minutes from downtown Cincinnati, new owners will have access to a variety of professionals, families, empty nesters, etc looking to live near the city, but still within a community that offers various entertainment options. New owners will also be able to capitalize on the Cincinnati MSA’s organic rent growth, which Realpage has consistently ranked in the top-3 nationally in 2023. With a recently renovated building and nation-leading organic rent growth, Kirby School Apartments provides investors with lucrative upside.