1221 Jackson Lane
Middletown, OH 45044 ·
76 Units · Multifamily For Sale
Williamsburg Place Apartments
|No. Units||76||Property Sub-type||Garden/Low-Rise|
|Building Size||51,561 SF||Property Use Type||Investment|
|Listing ID: 15782978||Date Created: 07/01/2008||Last Updated: 11/12/2008|
We are pleased to present Williamsburg Place Apartments, a 76 unit apartment home near stabilized property conveniently located at 1221 Jackson Lane in Middletown, OH. The community was originally constructed in 1966 and extensively renovated in 2007. This newly renovated property consists of (4) three story apartment buildings. The unit mix consists of (18) one bedroom / one bath units (589-646 square feet) and (58) two bedroom / one bath units (646-730 square feet).
Williamsburg Place Apartments benefits from an ideal Middletown, OH location in Butler County with easy access to both Dayton, OH and Cincinnati, OH. Additionally, Miami University' s Middletown campus sits just 2.8 miles or about a five minute drive from the subject property. Premier Health Campus Middletown, which recently opened, includes 750,000 square feet of newly constructed medical space and is scheduled to increase existing payrolls by 50 percent by 2020.
Investors will be able to further boost the net operating income through raising asking rents and burning off the in place concessions that are currently no longer being offered at the propery.
Please contact listing broker for more details.