2620 May St
Cincinnati, OH 45206
Multifamily Property For Sale · 7 Units

Value – Add Opportunity-Jennifer Donathan of KW Commercial is pleased to present an excellent opportunity to acquire 7 units located right at the epicenter of the revitalization and renewal of East Walnut Hills at the corner of May St. & William Howard Taft. The offering presents a redevelopment and repositioning opportunity. It’s strategic location in relation to its short distance to downtown Cincinnati, OTR, O’Bryonville, Hyde Park & Mt. Adams is what makes this property so desirable to renters, investors and community leaders. The apartments are situated among diverse housing including luxury housing and class "A/B" single family housing, duplexes, triplexes and four-families. This small community boasts an abundance of historic buildings. The offering consists of 7 units which are currently being operated and maintained as class C apartments in which they do accept section 8 vouchers and other forms of subsidized rents. The property features spacious two bedroom units with much of the original woodwork and built-in’s still functional and ready for refinishing. The opportunity to a new owner lies in renovating the units with high end finishes and phasing out the subsidies. Modern & renovated units are in high demand among the abundant professionals that are employed nearby and want to be part of the urban movement. Units are separately metered for gas, electric and have separate hot water tanks. The property has 4 units currently occupied and 3 units have been gutted down to the studs and is ready for rehab.