1210-1218 Rutledge Avenue, Cincinnati, Ohio 45205

Prodigy Properties is pleased to present for sale this ~21,000 SF apartment building in West Price Hill, Ohio, a neighborhood less than five miles from the flourishing Downtown Cincinnati. The building is 100% vacant and has 21 units total, 13 of which are 2-bed / 1-bath and the other 8 units are 1-bed / 1-bath. Subject property is surrounded by both residential and other commercial properties. Nearby amenities include, but are not limited to, convenience stores, grocery stores, retail stores, gas stations, parks, schools, playgrounds, and a variety of restaurants. Significant upside potential exists for an investor to finish renovations already started by the previous owner and fully lease the property. Do not miss out on this unique opportunity!

Unit breakdown (all one bath):

• 1210 / 1214 (left building from street view) — 7 units, all 1-bed
• 1216 (center building from street view) — 8 units, seven 2-bed and one 1-bed
• 1218 (right building from street view) — 6 units, all 2-bed

To tour the property and receive any due diligence information, prospective purchasers must:

• Submit an executed Prospective Bidder Registration Form (Exhibit A)
• Submit acceptable proof of immediately available funds of at least $210,000.00
• Submit an executed confidentiality agreement
• Have been approved by counsel for the City of Cincinnati

Furthermore, to become a Qualified Bidder with bidding privileges unlocked, a Prospective Bidder must, in addition to the above:

• Submit an executed copy of the Purchase and Sale Agreement (Exhibit B), leaving only the purchase price terms blank
• Submit an executed copy of the Settlement Agreement (Exhibit C)
• Wire a $10,000 participation deposit to the escrow account of the Receiver
• Have otherwise met all other reasonable requirements of the Receiver

Stalking Horse Bidder:

The Receiver has entered into an agreement with a purchaser for the sale of the Property on terms including, but not limited to: (A) a $231,000.00 gross purchase price (including a 10% buyer premium); (B) no contingencies other tan marketable title; (C) deposit of $10,000.00 earnest money; and (D) closing within ten (10) business days of satisfaction of contingencies.  In the event the Receiver does not receive a bid that is higher and better than the Stalking Horse Offer, the Stalking Horse Bidder will win.  The Stalking Horse Bidder may participate in bidding as well.

Bidding Procedures

Exhibit A – Prospective Bidder Registration Form

Exhibit B – Agreement for Purchase and Sale and Escrow Instructions

Exhibit C – Nuisance Agreement

Confidentiality Agreement

Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.  High acceptable bidder must wire transfer a deposit of 10% of the final purchase price within 24 hours of auction conclusion.

Key sale points:

• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to all code violations.
• Property is sold subject to court approval.
• All bids are subject to Receiver’s confirmation.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Receiver’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
• Cash sale only, absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high acceptable bid to determine the final sale price.
• Deposit of 10% of the final purchase price must be wired to Receiver’s title company within 24 hours of auction conclusion.
• Must close no later than ten (10) business days after contingencies are satisfied.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.