Jennifer Donathan of KW Commercial is pleased to present an excellent opportunity to acquire 11 apartment units located right at the epicenter of the revitalization and renewal of East Walnut Hills at Oak Street & Gilbert Avenue. The offering consists of one 3 story building located at 828 Oak Street in Cincinnati, Ohio. The building was built in 1965 and is situated at near the intersection of Oak & Gilbert on a .274 acres. The property offers a small court yard in the rear of the building and 11 parking spaces. Currently there is a central gas boiler system that provides the heat, gas hot water tank, new windows in 2016 and onsite laundry. Tenants pay electric which is separately metered, landlord pays heat, water and trash. The building consists of 9 two bedroom/one bath units and 2 one bedroom/one bath units. The building is all brick with an older flat roof and new replacement vinyl windows. Units are spacious with hardwood floors under the carpet and older kitchens and bathrooms.
Excellent location! It’s strategic location in relation to its short distance to booming downtown Cincinnati is what makes this area 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, few multi-family complexes and commercial. The housing options offer residents urban living in modernized historic buildings. Walnut Hills is home to Walnut Hills High School a highly coveted school that draws out of towners to move into the Cincinnati school district. The property is 2 blocks from the new MLK interchange, and 2 miles to downtown Cincinnati.
