Listed by Friedman Real Estate, Friedman Real Estate IL LLC
$1,000,000
Village Apartments
Details
APN B05-035-032-00
Property Type Multifamily
Sub Type Apartment Building
Units 19
Year Built 1994
Acreage 1.650
Zoning Commercial/Apartment
Investment Type Value Add
Multifamily | 19 Units
Marketing description
For Sale
Investment highlights
- Attractive Unit Mix: Well-balanced combination of one and two bedroom units
- Value-Add Opportunity: Below market rents presents immediate upside through modest rent increases
- Meticulously Maintained Property: Ownership has taken great care maintaining the asset with units receiving light renovations
- Desirable Sub market: Located in Cridersville, a growing community between Lima and Wapakoneta providing access to major employers and regional amenities
- Airbnb/Short-Term rental Potential: Proven success with short-term rental income providing an attractive alternative revenue stream
- Proximity to Employment Hubs: Minutes from major industrial and manufacturing centers, including Husky Energy, Ford Engine Plant, and Procter & Gamble
Listing Contacts
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
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