777 Milcrest - Apartments FOR SALE


Marysville, OH 43040
$2,850,000 USD
614-425-4066
777 Milcrest, Marysville, OH for Sale
$2,850,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

777 Milcrest
Marysville, OH 43040


OVERVIEW

Lim Realty Group is excited to present Milcrest Commons , a 2000s built 16-unit multi-family asset located in Marysville, Ohio. The Property is positioned to fully benefit from being in an opportunity zone, as the current ownership has secured fully approved entitlements and density bonus for 10 additional townhome style units and parking. The existing Property represents a great opportunity as 14 of 16 units are currently occupied and rents can be increased. The inclusion of full-approved, turn-key entitlements and initial plans, a secured density bonus, and opportunity zone benefits, makes this offering truly unique. Principals are licensed real estate Brokers in the state of Ohio.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

16

PRICE/UNIT

$178,125

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Milcrest Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

COM401

APN/PARCEL ID

29-0002133-0000

ASK ABOUT THIS PROPERTY

Daniel LimLim Realty GroupMore Info
614-425-4066

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Daniel LimLim Realty GroupMore Info
614-425-4066

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