- For Sale $3,500,000
- Property Type Multi-Family
- Property Size 19,068 SF
- Units 10
- Property Tenancy Multi-Tenant
- Year Built 2023
- Year Renovated 2023
- Date Updated Jan 5, 2024
All properties are in the Village of Rio Grande. Located roughly between Jackson, OH and Gallipolis, OH
7 of the 10 Homes are contiguous; located in the "Linwood Subdivision" at Linwood and Lake drives. 1 of the homes is on Pine Street, and 2 are on West Lewis. All homes are in the Village of Rio Grande and all are within .25 miles from each other.AGENT IS ALSO OWNER OF PORTFOLIO
This is a unique opportunity to acquire a newly constructed -9 of the homes were built between July 2022 and October 2023-portfolio of single family homes in the Village of Rio Grande, OH.
All 10 homes are conveniently located in the Village of Rio Grande. The portfolio consists of 10 properties in 3 locations. Seven (7) of the homes are in the "Linwood" Subdivision, one (1) home is on Pine Street, one (1) home is on Lewis Street, and the only home that is not new, but is in the process of a total rehab, is on SR 325.
All homes have been leased within 30 days of completion thanks to the pent up demand for new rental product driven by the $3.5 Billion Nucor Steel plant (800 new, high paying jobs), which is approx. 10 miles from site, the need for NEW, Modern student housing options in the Village, and the expansion of Holzer Health.
Nestled in the beautiful rolling hills of Southeastern Ohio, Rio's 190-acre campus offers students the safety associated with a small town. The housing market has been growing rapidly with very few new homes coming on line in the past 5 years.
Properties Included:
17 West Lewis Ave.
1743 SF
4BR, 2BA
Built 2023
37 Pine Street
1743 SF
4BR, 2BA
Built 2023
165 Linwood Drive
2016 SF
4BR, Playroom, 2BA
Built 2023
173 Linwood Drive
1743 SF
4BR, 2BA
Built 2023
216 Linwood Drive
1743 SF
4BR, 2BA
Built 2023
195 Linwood Drive
2016 SF
5BR, 2BA
Built 2023
215 Linwood Drive
2016 SF
5BR, 2BA
Built 2023
231 Linwood Drive
2016 SF
5BR, 2BA
Built 2023
234 Linwood Drive
2016 SF
5BR, 2BA
Built 2023
195 Linwood Drive
2016 SF
5BR, 2BA
Built 2023
231 West College
1500 SF
3BR, 1BA
Built 1900. Fully Rehabbed 2023
PLEASE NOTE:
Refer to PDF herein (Nebo Clarification 11_05_23) for pictorial reference.
•
Sale includes newly renovated home ONLY on the 231 West College Lot. Seller open to discussing selling 600 SF structure currently being leased as Commercial space which is currently on this site. Seller also willing to discuss selling undeveloped property on this site to Purchaser . Undeveloped property large enough to build three (3) additional homes with the same layout as the other new builds.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Highlights
- 9 Newly Constructed (2022-2023) single-family homes
- 1 Fully Renovated (inside and out) home (292 West College).
- All homes have new, stainless steel appliances
- All homes have Washer/Dryers
- Solid, dependable rental stream with University of Rio Grande, Holzer Health, Nucor Steel, among others within 10 miles.
- Easy freeway access.
- New investments in the Village include new Commercial Construction, New Student Housing, New Community Park, Pending new sidewalks and new park with trails at reservoir.
- Rio Grande Elementary School within walking distance of most homes.
- Endless opportunities for hiking and Biking Including the Gatewood Trail System https://www.facebook.com/groups/224350491026397/
- Regionally:
- • Nucor West Virginia
- https://nucor.com/westvirginia
- • Fidelis West Virginia
- https://governor.wv.gov/News/press-releases/2023/Pages/Gov.-Justice-announces-Fidelis-New-Energy-to-build-hydrogen-project-and-data-center-campus-in-Mason-County.aspx
- • General Mills Wellston expansion:
- https://www.wsaz.com/2022/08/30/multi-million-dollar-investment-will-expand-general-mills-operations/
- • Bellisio Foods Jackson expansion:
- https://www.jobsohio.com/news-press/governor-dewine-announces-nearly-200-new-jobs-for-jackson-county
- • Speyside Jackson expansion:
- https://highlandcountypress.com/speyside-bourbon-cooperage-growing-north-american-headquarters#gsc.tab=0
- Rio:
- • University of Rio Grande/Rio Grande Community College Celebrates Impressive Enrollment Surge: https://www.vintonjacksoncourier.com/news/university-of-rio-grande-rio-grande-community-college-celebrates-impressive-enrollment-surge/article_8e864afc-5310-11ee-9a5c-773fb9b11672.html
- Open For Discussion:
- Sale includes newly renovated office space (approx. 500 SF) on the site where 292 West College Home is. Space features Kitchenette, Full Bath, and Bedroom.
- There is room to construct three (3) homes on the site of 292 West College. Seller open to discussing building these for Buyer if interested.
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Contacts
Location
Getting Around
-
Walk Score ®
30/100
Car-Dependent
-
Bike Score ®
15/100
Somewhat Bikeable
Powered by Walk Score ®
- City Rio Grande, OH
- Neighborhood Rio Grande
- Zip Code 45674
Points of Interest
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Motomart
0.45 miles
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Love's
4.31 miles
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Marathon
4.59 miles
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Speedway
7.18 miles
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Marathon
7.80 miles
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Travelodge
7.83 miles
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McDonald's
0.50 miles
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Rio Grande Elementary School
0.01 miles
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University of Rio Grande and Rio Grande Community College
0.26 miles
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Buckeye Hills Career Center
0.87 miles
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Southwestern High School
4.47 miles
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Perry School
5.10 miles
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Bidwell-Porter Elementary School
5.45 miles
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Vinton Elementary School
6.58 miles
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North Gallia High School
6.60 miles
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Green Elementary School
8.16 miles
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Gallia School
8.26 miles
Frequently Asked Questions
What is the lease rate for Single-Family Residential Portfolio For Sale?
Rental asking rate at Single-Family Residential Portfolio For Sale is $1,750,000.00/YR.
What is the total square footage of Single-Family Residential Portfolio For Sale?
Single-Family Residential Portfolio For Sale totals 19,068 square feet.
When was this property built?
Single-Family Residential Portfolio For Sale was built in 2023.
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