Sale Brochure

FOR SALE | MULTI-FAMILY
RARE APARTMENT OPPORTUNITY IN BLANCHESTER, OHIO
815 Cherry Street, Blanchester, OH 45107
SALE O
OVER
VERVIEW
VIEW
PROPER
PROPERT
TY DESCRIPTION
SALE PRICE:
$800,000
NUMBER OF UNITS:
24
Garden style multifamily with strong rental history and long term ownership.
Two brick buildings with interior entrances. Unit mix is 23 two bedroom, 1
bath units and 1 three bedroom 2 bath all having balconies and patios for
each of the 600 square foot apartments.
CAP RATE
10.6
PROPER
PROPERT
TY HIGHLIGHTS
NOI:
$85709
LOT SIZE:
1.38 Acres
BUILDING SIZE:
14,400 SF
CEILING HEIGHT:
8.0 FT
YEAR BUILT:
1971
ZONING:
401 Apartments
▪ Tenant paid heat
▪ Low maintenance exterior
▪ 30-year roof installed in 2008
▪ Nine Owner-Owned laundries included in the sale
▪ Buildings show pride of ownership absent of deferred maintenance
▪ Competition for tenants is low
ROBER
ROBERT
T MERKT
SONIA RIFFLE
Advisor
513.272.6800
[email protected]
Associate Advisor
513.272.6800
[email protected]
All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svn-ric
vn-ricor
ore.
e.c
com
FOR SALE | MULTI-FAMILY
RARE APARTMENT OPPORTUNITY IN BLANCHESTER, OHIO
815 Cherry Street, Blanchester, OH 45107
ROBER
ROBERT
T MERKT
SONIA RIFFLE
Advisor
513.272.6800
[email protected]
Associate Advisor
513.272.6800
[email protected]
All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svn-ric
vn-ricor
ore.
e.c
com
FOR SALE | MULTI-FAMILY
RARE APARTMENT OPPORTUNITY IN BLANCHESTER, OHIO
815 Cherry Street, Blanchester, OH 45107
ROBER
ROBERT
T MERKT
SONIA RIFFLE
Advisor
513.272.6800
[email protected]
Associate Advisor
513.272.6800
[email protected]
All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svn-ric
vn-ricor
ore.
e.c
com
FOR SALE | MULTI-FAMILY
RARE APARTMENT OPPORTUNITY IN BLANCHESTER, OHIO
815 Cherry Street, Blanchester, OH 45107
POPULA
POPULATION
TION
1 MILE
5 MILES
10 MILES
TOTAL POPULATION
1,159
12,340
35,248
MEDIAN AGE
38.7
39.2
39.5
MEDIAN AGE (MALE)
38.5
38.6
38.8
MEDIAN AGE (FEMALE)
38.8
39.6
40.4
HOUSEHOLDS & INC
INCOME
OME
1 MILE
5 MILES
10 MILES
TOTAL HOUSEHOLDS
461
4,671
12,767
# OF PERSONS PER HH
2.5
2.6
2.8
AVERAGE HH INCOME
$48,015
$57,991
$64,838
$177,897
$184,552
AVERAGE HOUSE VALUE
ROBER
ROBERT
T MERKT
SONIA RIFFLE
Advisor
513.272.6800
[email protected]
Associate Advisor
513.272.6800
[email protected]
All SVN® Offices Independently Owned & Operated.
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svn-ric
vn-ricor
ore.
e.c
com