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Country Meadows
1400 Hickman Rd., Xenia, OH 45385
$1,750,000
50
48,918 SF
$35,000
Multifamily
Garden/Low-Rise
Investment
1%
8.60%
98%
3.16 SF
-
Find Out More...
Last Verified 5/11/2012
Listing ID 15814475
Highlights
Complete renovation completed 2008- Limited warranty on renovations
- New plumbing and fixtures
- New carpeting and tile
- New Electrical service and service panels
Description
Huge income increase possible if leased to students! Manage it closely and see your income grow! Country Meadows is a three building 50 unit apartment complex located right next to Central State University. Remodeled 2007-2008, all units brought online 5/2008. New electric, plumbing, flooring, roofs, and other new items. Coin operated laundry facilities in each building. Low vacancy rate, excellent cash flow and 2009 Cap rate of 8.6%. Currently only two units leased to students.
Xenia Township, property sits adjacent to Central State University
Actual
2007
$296,800
$267,120
$105,603
$161,525
$53,028
| Description | No. Units | Avg. Mo. Rent | |
|---|
| One Bedroom | 14 | $400 | |
| Two Bedroom | 28 | $500 | |
| Three Bedroom | 8 | $600 | |
Map of 1400 Hickman Rd., Xenia, OH 45385 (Greene County)
Created 7/22/2008
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Additional Information for 1400 Hickman Road, Xenia, OH 45385
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Xenia, OH Multifamily For Sale
| |
Mar 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $29,925 | -0.1% | -1.0% |
- Metro | $22,251 | -2.7% | -4.8% |
View Xenia Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P