The property at 3219 Beresford Ave in Cincinnati's Walnut Hills neighborhood has a solid foundation with a good amount of space at 1710 sqft. The listing price is $75K, which is significantly lower than the area's median home price of around $310K. However, the comp data shows that properties in the area are selling for an average of $400K+, indicating strong potential for appreciation. Yet, the property may require substantial renovations, which can affect profitability.
Consider a strategy that highlights the property's potential while addressing necessary updates. Investing in key renovations—like kitchen and bathroom improvements—could maximize appeal and ROI. Given the property's low acquisition cost, an investor may achieve significant gains by targeting first-time buyers or families looking for affordable housing in this desirable neighborhood.