Historical Multifamily Sale Listing - LOWEST INTEREST RATE--Arlington Village Apartments

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LOWEST INTEREST RATE--Arlington Village Apartments

101-148 Colonial Circle, Germantown, OH 45327

N/A

48 Units | Multifamily

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Arlington Village Apartments

Multifamily Property - Off Market

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

Highlights

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

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.

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

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Created 7/28/2007