This property is Off-Market
101-148 Colonial Circle
Germantown, OH 45327 ·
48 Units · Multifamily For Sale
LOWEST INTEREST RATE--Arlington Village Apartments
|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|
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.
- LOW, LOW Interest Rates!!
- Newer Apartments, Built in 2000 and 2002
- SMALL Down Payment
- No Competitive Apartments in the Area
- Great Occupancy
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