Marcus & Millichap is pleased to present Trotwood Villas Apartments, a 32-unit apartment community located in Trotwood, OH. It was constructed in 1973 and consists of 4 residential buildings and 2 garage structures which are nestled on 2 acres. Throughout the current ownership 2 of the 4 apartment buildings have had roofs replaced.
Trotwood Villas is comprised of 2 bedroom 1.5 bath ranch style units. Units feature a range of amenities including: washer/dryer connections, private patios/balconies, storage, dishwashers, plentiful closet space, intercom systems, and a large living/dining area. The units have electric baseboard heat and sleeve air conditioners. The units are all electric which the residents are responsible for paying. The owner pays for the water, sewer, and trash and bills the tenants $10 per month for water and sewer.
Trotwood Villas provides an opportunity for a new investor to acquire a stable, well-maintained asset in a good location. The property offers investors the opportunity to acquire a property with stable in-place cash flow with the ability to increase revenue through rental increases and continuing to implement the water/sewer billback.
Trotwood Villas is located on North Broadway in Trotwood, Ohio providing tenants access to shopping, dining, entertainment, and employment.. The property is also conveniently situated across from a park and within walking distance to Trotwood High School and Trotwood Middle School. Additionally, the property is approximately five minutes from I-70 providing easy access to the greater Dayton Metro Area.
