Hamilton County, Cincinnati, OH 45214

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[contact details hidden] Click the WIN IT NOW! button to lock this one up and avoid bidding wars CLICK HERE & JOIN OUR VIP BUYERS LIST BEFORE IT HITS INVESTORLIFT CLICK HERE FOR PHOTOS CLICK HERE FOR APPRAISAL Proposed Conversion (14 units) 8 two-bedroom / one-bath units at approximately 636 SF Estimated resale range: $150,000–$180,000 each 6 three-bedroom / one-bath units at approximately 860 SF Estimated resale range: $200,000–$240,000 each Illustrative total gross sellout: approximately $2.40M–$2.88M Several key pieces are already in place: Architect prepared to submit plans for permit approval Contractor identified with construction bid available for review Lender identified, subject to buyer qualification and final underwriting Property LLC established and potentially available for transfer as part of the transaction Estimated cash to close of approximately $248,000 Potential reduction to approximately $123,000 cash to close if $125,000 in seller financing is approved by the lender and finalized between the parties The $125,000 seller-financing component would remain repayable debt. These figures reflect estimated closing cash requirements, not the total project budget. The appraisal identifies the property as CN-M-MH zoning, combining Commercial Neighborhood–Mixed zoning with the Connected Communities Middle Housing designation. This provides a basis for pursuing residential conversion. Multifamily residential use is permitted in CN-M zoning without an upper-floor-only restriction, which supports the potential conversion of existing ground-floor commercial space to residential use. The current underwriting contemplates up to 14 residential units, but the final achievable unit count, density, configuration, legal bedrooms, accessibility, fire requirements, and permit compliance must still be confirmed by the architect and City. Parking may also support the adaptive-reuse strategy. Cincinnati code generally does not require additional parking solely because an existing structure changes use, although applicable existing parking must be maintained. For a rental strategy, the supplied appraisal models: Approx. annual gross rent: $206,400 Approx. annual NOI before debt service: $108,941 Prospective stabilized value: $1.36 million These figures remain subject to the appraisal’s renovation, lease-up, expense, and stabilization assumptions. A condominium conversion may provide a second potential exit strategy. Using the appraisal’s illustrative unit mix: 8 two-bedroom / one-bath units at approximately 636 SF Estimated resale range: $150,000–$180,000 each 6 three-bedroom / one-bath units at approximately 860 SF Estimated resale range: $200,000–$240,000 each Illustrative total gross sellout: approximately $2.40M–$2.88M This gross sellout estimate is before acquisition costs, renovation, condominium formation, financing, interest, carrying costs, commissions, closing costs, taxes, and repayment of debt. Nearby closed-sale support includes: 433 Clark Street, Unit B — $210,000 / 694 SF 4 W. 14th Street, Unit 301 — $178,500 / 624 SF 1432 Race Street, Unit 203 — $270,000 / 1,004 SF Final pricing will depend on actual finished unit sizes, legal bedroom configuration, finish level, HOA costs, parking, amenities, buyer financing availability, and market conditions at completion. Potential development incentives may also be available. The Cincinnati Commercial CRA program may provide qualifying projects, including certain residential developments with five or more units, with up to approximately 67% net tax abatement for as long as 15 years, subject to eligibility and a negotiated agreement completed before construction begins. Historic rehabilitation incentives may also be available for a qualifying rental rehabilitation, including a potential 20% federal historic tax credit and an Ohio credit of up to 25% of qualified rehabilitation expenditures. These incentives are not guaranteed and would require eligibility, historic qualification, compliant rehabilitation, and state/federal approval. The condominium strategy would require separate tax planning because Ohio’s historic credit program excludes residential condominiums, and federal historic credits may be subject to recapture if the property is sold or its qualifying use changes during the applicable recapture period. The surrounding area also has several significant investment drivers: Stanley Rowe Towers redevelopment directly across the street FC Cincinnati’s planned approximately $332 million mixed-use district near TQL Stadium Approximately $46.7 million Linn Street reconstruction project State-to-Central Complete Street Project planned for 2027 Additional redevelopment efforts along the Linn Street corridor, including activity associated with Seven Hills Neighborhood Houses The property is estimated to be roughly a 10-minute walk from the planned FC Cincinnati mixed-use district. We can provide the appraisal, contractor bid, proposed financing terms, and available architectural information for review, and we can coordinate a property walkthrough. The strongest way to view the opportunity is as a partially assembled adaptive-reuse project with two potential exit paths: Stabilized multifamily rental strategy Condominium conversion and individual unit sellout If you have interest, I can send over the supporting documents and coordinate the next steps. Asking Price - $850,000 ARV - $2,600,000 JOINT VENTURE? Need help moving a deal? Contact us if you would like to email blast a deal to thousands of buyers nationwide Leverage over 4 million cash buyers on cartel mode. Call or text Mikey at [contact details hidden] or email the deal & info to [contact details hidden] NEED FINANCING? Do you have a current deal that you need financed? We have a preferred lending partner for Fix & Flips & DSCR loans. 100% Financing on select deals! Contact us now if you have a deal ready to go. Serious inquiries only! If you are an agent or wholesaler and have a potential buyer lined up for the property, please add your fee on top of our asking price. 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