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305 Main St 11 Unit Apartment Building $995,000 ($90,455/Unit) 7.56% Cap Rate Bellville, OH 44813
INVESTMENT HIGHLIGHTS
- Strong Renter Demand
- Car Ports for Tenant Parking
- Proximity to Columbus market
- Ability to increase rents to market rent
EXECUTIVE SUMMARY
SVN Wilson Commercial Group is pleased to offer for sale, 305 Main St, 307 Miller Ct, and 311 Miller Ct located in Bellville, Ohio. This apartment property consists of 11 units across 3 buildings, all 2-bedroom/1-bath units. The property maintains high occupancy with opportunity to increase rents and boost NOI. It is located off State Route 13, just south of Mansfield, OH. The property was built in 1967.
PROPERTY FACTS
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $90,455 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.80 AC |
| Cap Rate | 7.56% | Building Size | 11,244 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment |
| Price | $995,000 |
| Price Per Unit | $90,455 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 11,244 SF |
| No. Stories | 2 |
| Year Built | 1967 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $92,240 | |
| Land Assessment | $12,880 | Total Assessment | $105,120 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,880
Improvements Assessment
$92,240
Total Assessment
$105,120
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305 Main St
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