This Multifamily Property is Off-Market.

101-148 Colonial Circle
Germantown, OH 45327 ·

48 Units · Multifamily For Sale

N/A

Print

LOWEST INTEREST RATE--Arlington Village Apartments

Price N/A Cap Rate 8.20%
No. Units 48 Occupancy 94%
Building Size 55,200 SF No. Stories 2
Property Type Multifamily Year Built 2000
Property Sub-type Garden/Low-Rise Lot Size 5.08 AC
Property Use Type Investment Parking Ratio 2 / 1,000 SF
Listing ID: 15261948 Date Created: 07/28/2007 Last Updated: 08/13/2007

Description

With today's interest rates, this property is quite a deal! At 5.5% for the larger loan and 5.9% for the smaller loan (see Debt & Equity Information below for details), your principal is reduced by over $52,000 this year and more every year until maturity in April, 2013.

Instead of the traditional 20% down, you will save $150,000 by assuming this loan for approximately $399,000.

Tenants pay all utilities, except water and common area electric.

There are no other newer complexes in Germantown. This property was built in 2000 and 2002.

This is offered by the principal, so call or e-mail me today with your questions.

Please do not disturb the tenants or management.

Best area in Germantown, close to new strip malls, dining, and entertainment.

Germantown, OH, is just 3 miles west of Miamisburg. From I-75, take the Miamisburg/Centerville exit to State Rt. 725 and follow it west through Miamisburg to the stop sign at the convergence of Rt. 725 and St. Rt. 4. Turn left (south) and follow it for one mile to the McDonald's restaurant and adjoining shopping center. Thurn left on Butter Street and follow it for 1/2 mile to Colonial Circle. The entrance to Arlington Village is on the right.

Highlights

  • LOW, LOW Interest Rates!!
  • Newer Apartments, Built in 2000 and 2002
  • SMALL Down Payment
  • No Competitive Apartments in the Area
  • Great Occupancy

Research

101-148 Colonial Circle, Germantown, OH 45327 (Montgomery County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Germantown Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)