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601 Moses Dr
Franklin, OH 45005
Colonial Village · Multifamily Property For Sale
·
110 Units
PROPERTY FACTS
| No. Units | 110 | Building Size | 50,250 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2016 |
| Building Class | C | Parking Ratio | 4.98/1,000 SF |
| Lot Size | 10.72 AC | ||
| Zoning | R-5 - Residential | ||
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.72 AC |
| Building Size | 50,250 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2016 |
| Parking Ratio | 4.98/1,000 SF |
| Zoning | R-5 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Carpet
- Yard
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Lake Access
- Maintenance on site
- Walk-Up
ABOUT 601 MOSES DR , FRANKLIN, OH 45005
Capstone Apartment Partners is pleased to present Colonial Village: a 110-unit apartment community in Carlisle, OH, just south of the Dayton metro area. Located on Dayton-Oxford Road along the Great Miami River, the asset offers an excellent location within Carlisle with easy access to Cincinnati and Dayton via I-75. Colonial Village has been well-run and maintained and has received over $450,000 in capital investments in the last 5 years, curing deferred maintenance and updating the property’s exterior. Current ownership has focused on keeping the property 95%+ occupied, rather than raising rents commensurate with the market; thus, leaving significant room to immediately increase rents on new leases and renewals. Additionally, the asset is located in a Qualified Opportunity Zone, which is an exciting opportunity for incoming investors to maximize returns through tax deferral strategies.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | - | 300 |
| 2+1 | 22 | - | 600 - 650 |
| 2+2 | 32 | - | 650 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $593,520 | |
| Land Assessment | $300,720 | Total Assessment | $894,240 |
PROPERTY TAXES
