Lake Breeze Townhomes 4256 Walnut Rd 20 Unit Apartment Building For Sale Hebron, OH 43025

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INVESTMENT HIGHLIGHTS

5.5% Y-O-Y rent growth
Five-mile radius target market area

4.4% population growth over next five years

EXECUTIVE SUMMARY

Lake Breeze Townhomes in Buckeye Lake, Ohio, is approximately 30 miles east of Columbus, OH. This property includes 20 two-story townhomes. Buckeye Lake is renowned for its recreational offerings, such as boating, fishing, and swimming, attracting visitors for various water-related activities. The population within a five-mile radius is projected to grow by 4.4% over the next five years, surpassing the Columbus metro’s 3.1% and Licking County’s 3.5%. The median household income (HHI) within this radius was $76,465 in 2024, expected to increase by 14% by 2029, supported by a sophisticated workforce with 60% in white-collar positions. The submarket has seen a 5.5% year-over-year growth in effective rent, maintaining an average occupancy rate of 95.6%.
https://properties.berkadia.com/ohio-pennsylvania-164-portfolio-476487/p/2

PROPERTY FACTS Under Contract

Sale Type	Investment
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.31 AC
Building Size	18,000 SF
Average Occupancy	96%
No. Stories	2
Year Built	1977
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.