2748 Atlantic Ave
Cincinnati, OH 45209
Multifamily Property For Sale · 5 Units

Jennifer M. Donathan and Katie Slonim of KW Commercial is pleased to present for sale a 5 unit complex in the heart of Oakley. The complex consists of one solid brick building made up of 5 one bed/ one bath units. Tenants pay for electric which is separately metered. Owner pays for water, sewer, trash and heat. Heat is provided by a gas boiler and a/c is provided by window units. The property features hardwood floors in 4 of the 5 units, newer TPO flat rubber roof with an estimated life of 20-25 years and newer hot water tank. The property has onsite laundry for the tenants use and is owned and serviced by the owner. This is an excellent opportunity to acquire a highly desirable complex in one of the most desirable neighborhoods in Cincinnati. Current rents are below the average median of $830 and the building next door rents for $995/month. More income could be achieved by converting the heat to tenant paid and charging a fee for the water. The location of this property can’t get any better! Class A location, Oakley is home to many young professionals looking to reside close to Hyde Park with convenient access to I-71 and only minutes to downtown Cincinnati. The property is about 1 mile from Hyde Park Square, Hyde Park Plaza and across the street from Rookwood Commons & Pavilion. The area offers dozens of options for dining and shopping. 2748 Atlantic is located on a residential cul-de-sac street with off street parking. Some of the restaurants and bars include Unwind, Arthurs, Hyde Perk, Mad Tree, Awakenings, BJ’s Restaurant & Brewhouse, Buca Di Beppo, Buffalo Wild Wings, First Watch, Five Guys J. Alexander’s, Redlands Grill, Longhorn Steakhouse, PF Chang’s, Starbucks Coffee, The Pub, Qdoba Mexican Grill, Rusty Bucket and Yagoot. Additionally some of the retailers include AT&T, Athleta, Banana Republic, Bath & Body Works, Bed Bath & Beyond, Carhartt, Carter’s, Charming Charlie, Chico’s, Churchill’s Fine Teas, Claire’s, Cyclebar, DSW, Eddie Bauer, European Wax, Gap Baby & Gap Kids, HomeGoods, Huntington Bank, J Crew Factory, Jos A Bank, Joseph Beth Booksellers, Lane Bryant, Lenscrafters and Love Culture.