1637 Hughes Street,Cincinnati, OH 45202
Cincinnati, OH 45202
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.
Details
| MLS # | 1893310 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 25 |
| Listing Provided By | Comey & Shepherd | Tim Roberts |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.12 |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | None |
| Cooling | None |
| Window Features | Other |
| Fireplace Features | None |
| Fireplaces Total | 0 |
Exterior
| Roof | Membrane |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Stone |
Parking
| Parking Features | Off Street |
|---|---|
| Open Parking Spaces | 8 |
Utilities
| Sewer | Public Sewer |
|---|---|
| Gas | Natural |
Area Information
| State | OH |
|---|---|
| County | Hamilton |
| City | Cincinnati |
| Zip Code | 45202 |
| Area | Hamilton E01 |
| Subarea | Hamilton E01 |
| Community Name | Mt. Auburn |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Mt. Auburn) | |
Price: $679,000 low | high Med: $385,000 On site: 25 low | high Med: 13 | |
Market Activity 45202
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Learn More About This Property
| State | OH |
|---|---|
| County | Hamilton |
| City | Cincinnati |
| Zip Code | 45202 |
| Area | Hamilton E01 |
| Subarea | Hamilton E01 |
| Community Name | Mt. Auburn |
| School District | Cincinnati City SD |
| High School | Cincinnati City SD |
| Listing VS Median (in Mt. Auburn) | |
Price: $679,000 low | high Med: $385,000 On site: 25 low | high Med: 13 | |