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13-Unit Multifamily Property | For Sale 1226-1230 Rutledge Ave 13 Unité Immeuble d’appartements 1 624 438 $ CAD (124 957 $ CAD/Unité) Cincinnati, OH 45205
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 65% Guaranteed Rental Amount
- Located in a High Demand Rental Market Just 4 Miles From Downtown Cincinnati
- Opportunity to Transfer Utilities Back to The Tenant For a Higher Profit Margin
- Section 8 Approved (HCV)
- Off-Street - Surface Parking
- Meticulously Maintained by Same Owner Since 2006
RÉSUMÉ DE L'ANNONCE
3CRE is excited to introduce a multifamily opportunity at 1226 Rutledge Avenue, Cincinnati, OH 45205. This well-maintained property consists of 13 units, featuring one, one-bedroom and twelve, two-bedroom units. Each tenant also has their own separate storage. The property is situated in the West Price Hill neighborhood of Cincinnati, a residential area known for its affordability, community feel, and proximity to downtown. Just four miles from the city center, the location offers convenient access to major roadways, public transportation, and everyday amenities. Residents benefit from nearby retail centers like Glenway Crossing, as well as outdoor recreation at Rapid Run Park and Mount Echo Park. The area has a strong rental base, with consistent demand for affordable and Section 8 housing. This neighborhood combines accessibility, stability, and growth potential—making it an ideal setting for long-term multifamily investment.
Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it especially attractive in markets with persistent affordable housing shortages. This combination of consistent demand, lower entry costs, and social impact makes subsidized housing in Cincinnati a smart and sustainable investment.
Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it especially attractive in markets with persistent affordable housing shortages. This combination of consistent demand, lower entry costs, and social impact makes subsidized housing in Cincinnati a smart and sustainable investment.
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 624 438 $ CAD | Classe d’immeuble | C |
| Prix par unité | 124 957 $ CAD | Taille du lot | 0,30 AC |
| Type de vente | Investissement | Taille du bâtiment | 10 254 pi² |
| Nombre d’unités | 13 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1926 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,95/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | RMX, Cincinnati | ||
| Prix | 1 624 438 $ CAD |
| Prix par unité | 124 957 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 13 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,30 AC |
| Taille du bâtiment | 10 254 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1926 |
| Ratio de stationnement | 1,95/1 000 pi² |
| Zonage | RMX, Cincinnati |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 1 | - | 759 |
| 2+1 | 12 | - | 732 - 759 |
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Impôts fonciers
| Numéro de lot | 179-0077-0258 | Évaluation des bâtiments | 174 433 $ CAD |
| Évaluation du terrain | 33 250 $ CAD | Évaluation totale | 207 682 $ CAD |
Impôts fonciers
Numéro de lot
179-0077-0258
Évaluation du terrain
33 250 $ CAD
Évaluation des bâtiments
174 433 $ CAD
Évaluation totale
207 682 $ CAD
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13-Unit Multifamily Property | For Sale | 1226-1230 Rutledge Ave
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