This Multifamily Property is Off-Market.

1433 Covington Avenue
Piqua, OH 45356 ·

48 Units · Multifamily For Sale

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Woodgate Apartments

Price N/A Cap Rate 9.40%
No. Units 48 Occupancy 98%
Building Size 27,648 SF No. Stories 1
Property Type Multifamily Year Built 1973
Property Sub-type Garden/Low-Rise Lot Size 2.70 AC
Property Use Type Investment
Listing ID: 16872607 Date Created: 10/14/2010 Last Updated: 07/22/2011

Description

Woodgate Apartments is comprised of 48 units total with 46 one bedroom units and 2 two bedroom units. The property is currently 98% rented. The tenants are responsible for their own heat/air while the owner supplies the water and trash. The property is in outstanding shape inside and out. There is an onsite seller owned laundry facility, ample parking, separate unit entrances, and private patios for each unit.

The subject property is located at 1433 Covington Avenue in Piqua, Ohio. Directly across the street from the property is a new Kroger Anchored shopping center including a new McDonald's, Burger King, Taco Bell, Sonic and Auto Zone.

Highlights

  • Clean, well maintained apartment community
  • Central heat/air
  • Single story Cardinal construction
  • Directly across the street from new Kroger anchored shopping center
  • Owner does no advertising-great location and frontage

Research

1433 Covington Avenue, Piqua, OH 45356 (Miami County)

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