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Informations principales sur l'investissement
- Rent Growth: the properties demonstrate strong renter demand with clear potential for rent growth due to high average occupancy.
- Increase Other Income: Adding monthly pet fees, parking fees, & expanding other income streams through application, lease termination, & damage fees.
- Value Add: Vacant 4th floor in both buildings, with ability to potentially add more units or amenities.
- Utility Reimbursement: This was implemented in August, 2025. Expected monthly income is $2,480 or $29,750 annually.
- Cable & Internet Contract: Implement a cable and internet program, creating a revenue spread above the monthly service expense.
Résumé analytique
Colliers is pleased to present a unique opportunity to acquire Romaine & Rutland, a 22-Unit multifamily investment, strategically located in the heart of Clifton Gaslight District. This is a market rate property and not a student housing property.
Romaine & Rutland provide a balanced mix of stability and upside through operational efficiencies and rental rate adjustments. The buildings benefit from strong submarket fundamentals, diverse tenant bases, and excellent regional connectivity, making it an attractive investment in the resilient Greater Cincinnati multifamily market.
Romaine & Rutland provide a balanced mix of stability and upside through operational efficiencies and rental rate adjustments. The buildings benefit from strong submarket fundamentals, diverse tenant bases, and excellent regional connectivity, making it an attractive investment in the resilient Greater Cincinnati multifamily market.
Informations sur l’immeuble
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Surface totale de l’immeuble | 3 570 m² |
| Nb de biens | 2 | Surface totale du terrain | 0,36 ha |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 3 570 m² |
| Surface totale du terrain | 0,36 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Middleton Apartments
3421 Middleton Ave, Cincinnati, OH 45220 |
Immeuble residentiel | 2 268 m² | 1905 | - |
|
358 Shiloh
358 Shiloh St, Cincinnati, OH 45220 |
Immeuble residentiel | 1 303 m² | 1930 | - |
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Romaine & Rutland
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