6087 Montgomery Rd, Cincinnati, OH 45213

Value-Add Opportunity - Jennifer M. Donathan of KW Commercial is pleased to present an excellent opportunity to acquire 9 apartment units and 2 retail spaces located right at the epicenter of the revitalization and renewal of Pleasant Ridge at the corner of Montgomery Rd and Ridge Road. This location is at the heart of the business district of Pleasant Ridge. The offering presents a redevelopment and repositioning opportunity. Its strategic location in relation to its short distance to downtown Cincinnati, Oakley, OTR, OBryonville, Hyde Park & Mt. Adams is what makes this property so desirable to renters, investors and community leaders. This small community boasts an abundance of historic buildings. The retail space is leased to two tenants for a total of $2100/month. The property features spacious studio and one bedroom units with much of the original woodwork, brick interior walls and fireplaces and ready for refinishing. The opportunity to a new owner lies in renovating the units with high end finishes and separately metering the heat and electric to increase rents and income. The retail tenants could potentially expand into the basement for storage space, office space and possible an additional apartment unit. Modern & renovated units are in high demand among the abundant professionals that are employed nearby and want to be part of the urban movement.
Offering Overview-The offering consists of one 3 story building located at 6087 Montgomery Road in Cincinnati, Ohio. The building was built in 1921 and is situated near the corner of Montgomery Rd and Ridge Rd on with .12 acres. The property offers off-street parking at the rear of the building with 5 spaces.