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2365 Hardy Pky
Grove City, OH 43123
The Willows · Multifamily Property For Sale
·
103 Units
PROPERTY FACTS
| No. Units | 103 | Lot Size | 8.26 AC |
| Property Type | Multifamily | Building Size | 85,634 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1976/2018 |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.26 AC |
| Building Size | 85,634 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2018 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Carpet
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Recycling
- Storage Space
- Maintenance on site
ABOUT 2365 HARDY PKY , GROVE CITY, OH 43123
The Willows consists of 26 apartment buildings with 12 garden and 14 townhouse style buildings built between 1976-1986. The property is situated on approximately 8.26 acres of well-landscaped grounds. The Willows offers 54 two-bedroom townhouse, 47 two-bedroom garden and 2 three-bedroom townhouse units with an average unit size of 689, 950 and 980 SF, respectively. The well-maintained units feature ample storage, central air, first floor laundry rooms, carports (select styles), private patios and exterior storage. Current ownership has made interior renovations over the last several years to roughly 40% of the units that include updated kitchens, baths, lighting and flooring that has translated to average gross annual rent growth of 5%. Value-add potential exists for the new owner to continue renovating units and further increasing rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 49 | $777.50 | 670 - 738 |
| 2+2 | 52 | $797.50 | 950 |
| 3+1 | 2 | $925.00 | 980 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,439,510 | |
| Land Assessment | $251,570 | Total Assessment | $1,691,080 |
PROPERTY TAXES
