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1366 Sheridan Dr
Lancaster, OH 43130
The Lodge at River Village · Multifamily Property For Sale
·
110 Units
PROPERTY FACTS
| No. Units | 110 | Lot Size | 5.34 AC |
| Property Type | Multifamily | Building Size | 92,720 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2018 |
| Building Class | B | ||
| Zoning | C | ||
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.34 AC |
| Building Size | 92,720 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2018 |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Window Coverings
SITE AMENITIES
- Playground
- Property Manager on Site
- Package Service
- Maintenance on site
- Sundeck
ABOUT 1366 SHERIDAN DR , LANCASTER, OH 43130
Capstone Apartment Partners is pleased to present The Lodge at River Village: a 110-unit community located in Lancaster, Ohio (Columbus MSA). Since taking over the property in 2016, current ownership has invested over $1,000,000 in capital expenditures to cure exterior deferred maintenance, as well as upgraded 85 of the 110 unit interiors. Additionally, the amenity package at the property has been significantly improved, and has become a best-in-class asset for residents of Lancaster. Already boasting strong cash flow, an incoming investor can simply build on the completed value-add process, and enjoy even stronger cash flow moving forward. With all deferred maintenance taken care of, new ownership can focus on streamlining the property management process, driving NOI growth.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 805 |
| 2+1 | 68 | - | 845 |
| 2+2 | 10 | - | 905 |
PROPERTY TAXES
| Parcel Number | 05-34011-700 | Improvements Assessment | $2,547,720 |
| Land Assessment | $164,780 | Total Assessment | $2,712,500 |
PROPERTY TAXES
