Greenfield Meadows is a 40-unit affordable multifamily property located in the southwest Ohio community of Greenfield. Approximately 20 miles west of Chillicothe, Greenfield is a small village on the border of Highland and Ross Counties. The property is well-located just west of downtown and an easy walk to restaurants, a grocery and other essential services.
Constructed in 1978 as a 100% Section 8 Project Based Voucher apartment complex, the property contains 20 one-bedroom flats built in single-story structures around a central courtyard along with a mix of two-, three- and four-bedroom units located in two-story townhouse style buildings. The property has a dedicated leasing office, keycode-accessed laundry room and ample parking. The all-electric units each have full-sized hot water heaters, central air, replacement vinyl windows and most have luxury vinyl tile (LVT) flooring in the entryways, kitchens and bathrooms. Most tenants pay electric. The property is currently 95% occupied with a waiting list.
This is a great opportunity to acquire a very desirable and well-performing affordable multifamily property.