1000 N West St - Apartments FOR SALE


Hillsboro, OH 45133
$4,800,000 USD
513-505-3376
1000 N West St, Hillsboro, OH for Sale
$4,800,000 USD
Apartments - FOR SALE
1/17
null | 7.75% Cap Rate

1000 N West St
Hillsboro, OH 45133


OVERVIEW

Welcome to Harper Station! This immaculate 40-unit apartment complex is a standout investment opportunity in Hillsboro, Ohio—a rapidly growing area with new construction surrounding the property. With the Highland County Hospital, the largest employer in the region, situated directly behind, this location offers excellent potential for steady rental demand. Unit Breakdown: 22 two-bedroom, one-bathroom units, each with an attached garage. 18 three-bedroom, one and a half-bathroom units, also featuring attached garages. Future Developments: An additional lot on the property is ready for a duplex build, allowing for expansion and increased revenue potential. Utilities: The seller is in the process of having the community tap into the city sewer system which will mean owner paid utilities are only for turns. Tenants pay heat and water. Current Market Trends: Rents are at an all-time high, ensuring robust cash flow for the new owner. Rent totals are now over $40,000 a month! Value add opportunity in getting all units to market rent. Upgrades & Condition: 5 new roofs have been installed. 33 of the 40 units boast new HVAC systems. Many units have new decks, along with fresh LVP, carpet, and paint following recent turnovers. Prime Location: It is ideally situated for your next investment venture, with growing demand and a solid tenant base in a thriving community. Don’t miss out on this unique opportunity! Seller is conducting a 1031 exchange on this property. Can purchase Harper Station, LLC (drop n swap)

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

40

PRICE/UNIT

$120,000

CAP RATE

7.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harper Station

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

550

APN/PARCEL ID

25-10-100-144.00,25-10-100-144.02,25-10-100-144.04,25-10-100-144.06,25-10-100-144.08,25-10-100-144.10,25-10-100-144.12,25-10-100-144.14,25-10-100-144.16,25-10-100-144.18,25-10-100-144.20,25-10-100-144.22,25-10-100-144.24,25-10-100-144.26,25-10-100-144.28,25-10-100-144.30,25-10-100-144.32,25-10-100-144.34,25-10-100-144.36,25-10-100-144.38,25-10-100-144.40,25-10-100-144.42,25-10-100-144.44,25-10-100-144.46,25-10-100-144.48,25-10-100-144.50,25-10-100-144.52,25-10-100-144.54,25-10-100-144.56,25-10-100-144.58,25-10-100-144.60,25-10-100-144.62,25-10-100-144.64,25-10-100-144.66,25-10-100-144.72,25-10-100-144.74,25-10-100-144.76,25-10-100-144.78,25-10-100-144.80,25-10-100-144.82

ASK ABOUT THIS PROPERTY

Dan DunlapERA Real SolutionsMore Info
513-505-3376

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Dan DunlapERA Real SolutionsMore Info
513-505-3376

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.