Mitch Royce
BEDS0
BATHS
SQUARE FEET3,389
MLS#1897448
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCincinnati
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Fireplaces: 0
Garage: 4
Heating: Gas
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $24,084
Year Built: 1920
Units
Unit Type 1:
Bedrooms: 1
Full Bath(s): 1
Rent: $1000.00
Total Rooms: 3
Unit Type 2:
Bedrooms: 1
Full Bath(s): 1
Rent: $1000.00
Total Rooms: 3
Unit Type 3:
Bedrooms: 2
Full Bath(s): 1
Rent: $1800.00
Total Rooms: 4
Unit Type 4:
Bedrooms: 2
Full Bath(s): 1
Rent: $2000.00
Total Rooms: 4
Feature Descriptions
Exterior: Brick
Fireplace Features: Electric, Gas
Foundation: Poured
Gas: Natural
Lot Dimensions: 50 X 150
Parcel #: 039-0006-0102-00
Parking: Driveway
Sewer: Public Sewer
SQFT Basement: 1394
Total Buildings: 1
Units: 4
Water: Public
Window Features: Double Hung, Wood
Local Schools
School District: Cincinnati
Listed By / Shown By
Listed By
Agency Name: Ohio Broker Direct
Agent Name: Joan Elflein
Agency Phone: 614-989-7215
Shown By
Agent Name: Mitch Royce
Agent Phone: (616) 430-8838
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 6,685.88 per month $4,447.00 Principal & Interest $2,007.00 Property Tax $231.88 Homeowner's InsuranceChange Payment Information
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2850 Observatory Avenue | MLS# 1897448
This multi-family property located at 2850 Observatory Avenue, Cincinnati, OH 45208 is currently listed for sale with an asking price of $795,000. Observatory Avenue is located within the Cincinnati school district. Search Cincinnati real estate on www.mitchroycehomes.com today.