Value Add Opportunity - Walnut Hills

Highlights

• Duplex - ARV of $450,000+/-
• Value add opportunity
• Desirable unit mix, two and three bed units
• Last house left on the block that has not been rehabbed
• TIF Abatement until 2032

Description

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.

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.