About This Home
This 0-bedroom, 0-bathroom residential multi family at 2850 Observatory Avenue in Cincinnati, OH is listed for $795,000 ($235 per sqft). Built in 1920, the home offers 3,389 sqft of living space on a 0.19 acres lot.
Key Features
- Built in 1920
- 0.19 acre lot
- Fireplace
Property Details
Amenities
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.
Monthly Cost Estimate
$4,252/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2850 Observatory Avenue
Cincinnati, OH 45208
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 2850 Observatory Avenue is listed at $795,000 ($235/sqft). The estimated monthly payment is $4,252 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.19 acre lot, Fireplace.
This property is listed by Joan Elflein and can be reached at (614) 989-7215.
