Property History
Property Type
Property Type
Marketing Description
OtherStreet Advisors in conjunction with JDS Real Estate Services is proud to bring you two neighboring properties located in Crestline, Ohio known as Crestline & Meadowood Estates. Currently, the property has approximately 25 occupied lots with a lot of rent of $312. An owner could immediately start filling the 29 vacant homes and 32 vacant lots with infrastructure to stabilize the community and create instant value. The price per lot for the 86 lots with infrastructure is $8,430 per lot which is well below replacement cost.
An investor with the ability to add homes could create significant and immediate value by filling the communities.
VIDEO OVERVIEW EMBEDDED IN THE SECOND PICTURE
Investment Highlights
SELLER FINANCING AVAILABLE
- Preferred Terms are 30% down, 6% interest rate, 5 year term, 2 years interest only, 30 year amortization period
- Huge opportunity to quickly add value by filling vacant POHs & vacant lots
- Both communities are permitted for a total of 162 lots (Crestline Estates at 79 & Meadowood Estates at 83)
- Infrastructure in place for 86 lots
- Purchase price below replacement cost
- Communities side by side allowing for operation as 1 community
- Public Utilities - Direct billed
- Strong demand for low cost housing
- Current owner recently made significant water line repairs
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
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BY:
Enon Winkler PRO
•••.•••.0250
Enon@•••••••••••.com
Map
Comparable Properties
Rental Market Overview
This rental data is based on the nearest market to this property: Delaware, OH.
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Delaware, OH (nearest market)
Powell, OH
New Albany, OH
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