2850 Observatory Ave

Cincinnati OH 45208

3389 sq. ft.

8146 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Generational investment opportunity in the heart of Hyde Park! This extraordinary 4-unit estate has been meticulously updated to combine historic elegance with modern luxury, making it a rare crown jewel for discerning investors. The property boasts high-end finishes throughout, including stunning Carrera marble, gourmet kitchens, sleek glass-enclosed showers, beautifully refinished hardwood floors, and masterfully restored Rookwood fireplaces. Beyond its aesthetic appeal, the building offers exceptional peace of mind with extensive capital improvements, featuring updated HVAC, plumbing, and electrical systems, alongside a durable 40-year roof. The asset delivers immediate, strong cash flow across four distinct layouts, featuring two 1-bedroom units renting for $1,000 per month each, a 2-bedroom unit renting for $1,800 per month, and a second 2-bedroom unit commanding $2,000 per month.

Features

6 bedrooms

4 bathrooms

8 carspaces

4 open car spaces

4 garage spaces

3389 sq. ft. floor area

8146 sq. ft. lot size

Multi-Family

Property history for 2850 Observatory Ave

2022

Sold

Undisclosed

29 Jun 2022

2018

Rented

Undisclosed

30 Oct 2018 by Visconti Real Estate Llc

2017

Rented

Undisclosed

01 Feb 2017 by Visconti Real Estate Llc

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