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$ 679,000
Est. payment /mo
New
1637 Hughes St Cincinnati, OH 45202
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1893310
Year Built 1900
Lot Size 5,227 Sqft
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
A rare opportunity to take over a substantially advanced historic redevelopment in Cincinnati's urban core. Plans reimagine this approximately 8,400 SF historic building as four large townhome-style rental residences with approximately 6,835 SF of proposed finished living space. Significant pre-development work has already been completed, giving the next owner a meaningful head start. The offering includes the adjacent vacant parcel at 209 Schiller Street, planned for gated off-street parking with approximately two spaces per residence. The project is further distinguished by approximately $700,000 in anticipated Federal and Ohio historic tax credits. Current tax-credit structure requires the completed residences to be held as rentals to preserve the credits. An exceptional opportunity with plans, parking and substantial tax-credit potential already in place. Fantastic location near all that downtown has to offer.
Location
State OH
County Hamilton
Area Hamilton-E01
Rooms
Basement Full
Interior
Heating None
Cooling None
Fireplaces Type None
Window Features Other
Exterior
Parking Features None
View Y/N No
Water Access Desc Public
Roof Type Membrane
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Comey & Shepherd