2813 Ashland Ave - Apartments FOR SALE


Cincinnati, OH 45206
$249,900 USD
513-520-3540
2813 Ashland Ave, Cincinnati, OH for Sale
$249,900 USD
Apartments - FOR SALE
1/3
null | 9.15% Cap Rate

2813 Ashland Ave
Cincinnati, OH 45206


HIGHLIGHTS

  • Duplex Home - The only property on the street that has not been renovated
  • Excellent unit mix - possible owner user
  • Desirable Walnut Hills location
  • ARV - $450,000+
  • Part of a 5 building / 12 unit portfolio, can be sold separately or together
  • TIF Abatement until 2032

OVERVIEW

Jennifer M. Donathan of KW Commercial is pleased to present a prime investment opportunity in Walnut Hills.. The property at 2813 Ashland Ave, Cincinnati, OH, 45206 features 1,845 SF, boasting 2 units and a rich historical heritage dating back to its 1910 construction. Zoned RM-1.2, this property offers a flexible canvas for potential development or renovation, providing an ideal environment for multifamily living. With its coveted location, this property presents an attractive investment prospect in the thriving Southwest Ohio real estate market. 2813 Ashland is the only building on the street that has not been renovated. Both buildings to the left of the 2813 have been recently rehabbed with high end finishes and one resold for $421,500 in 2023 and the condo conversion building to the left sold 2/2 bath condo units at an average of $250,000 in 2021. The units are occupied. This property is part of a 5 property, 12 unit portfolio that can be sold separate or together. Discover the vibrant Southwest Ohio market surrounding the property at 2813 Ashland Ave, Cincinnati, OH, 45206. Nestled in the heart of Cincinnati, this area offers a dynamic mix of commercial and cultural attractions, with a bustling business district and a thriving arts scene. Nearby points of interest include the Cincinnati Art Museum, Eden Park, and the Cincinnati Zoo & Botanical Garden, providing ample opportunities for work-life balance and client entertainment. With easy access to major highways and public transportation, the location offers convenience for both employees and visitors. Explore the endless potential of this prime investment opportunity in the Southwest Ohio market.

FOR SALE DETAILS

PRICE

$249,900 USD

PRICE/SF

$135 USD /SF

# OF UNITS

2

PRICE/UNIT

$124,950

CAP RATE

9.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Hills Duplex - Rehab Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,831 SF

ZONING

RM12

APN/PARCEL ID

061-0002-0054

ASK ABOUT THIS PROPERTY

Jennifer DonathanKW CommercialMore Info
513-520-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jennifer DonathanKW CommercialMore Info
513-520-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.