UNIQUE OHIO PORTFOLIO 4 Properties Offered at $7,800,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- DIVERSE, UNIQUE HIGH-QUALITY PORTFOLIO – Comprises three multifamily properties and one self-storage facility across strategic, growth-oriented submar
- MIXED-VINTAGE PRODUCT – Three properties feature a unique blend of original and new construction, offering a balance of stable cash flow and modern un
- BALANCED RISK-RETURN PROFILE – Combines stabilized income, development upside, and geographic diversity — well-suited for investors seeking yield with
- DEVELOPER-ASSEMBLED WITH VALUE-ADD EXECUTION – Each asset was acquired with excess land and thoughtfully expanded with newly developed units to comple
- STRATEGICALLY LOCATED ASSETS – All properties are positioned in well-selected submarkets with strong fundamentals, including population growth, limite
EXECUTIVE SUMMARY
60 Multifamily units and 21 Self-Storage
Story Book Ln (Multifamily Townhome style): (22 units) 14 units 2024-25, the other 8 are 1960.
5 (1 bed 1 bath) Rents from $900-$975.
7 (2 bed 1 bath) Rents from $1,215-$1,600
5 (2 bed 1.5 bath) Rents from $950-$1,220
5 (1 bed 1 bath) Rents from $850-$1,265
Laverne Dr (Multifamily Townhome Style): (14 units) 8 units are 2025, the other 6 are 1986
10 (2 bed 1.5 bath) (4 new) Rents from $875-$1,275
4 (3 bed 2.5) all new. Renting at $1,475
Mt Vernon (Self Storage): (21 units) 13 are 2024, the other 8 are 1956
Rents from $450-$950, wide variance in storage size
Edward ln (Multifamily Garden Style): (24 units) All are 1965, have had interior renovations
20 (2 bed 1 bath) Rents from $895-$970.
4 (1 bed 1 bath) Rents from $655-$850.
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Story Book Ln (Multifamily Townhome style): (22 units) 14 units 2024-25, the other 8 are 1960.
5 (1 bed 1 bath) Rents from $900-$975.
7 (2 bed 1 bath) Rents from $1,215-$1,600
5 (2 bed 1.5 bath) Rents from $950-$1,220
5 (1 bed 1 bath) Rents from $850-$1,265
Laverne Dr (Multifamily Townhome Style): (14 units) 8 units are 2025, the other 6 are 1986
10 (2 bed 1.5 bath) (4 new) Rents from $875-$1,275
4 (3 bed 2.5) all new. Renting at $1,475
Mt Vernon (Self Storage): (21 units) 13 are 2024, the other 8 are 1956
Rents from $450-$950, wide variance in storage size
Edward ln (Multifamily Garden Style): (24 units) All are 1965, have had interior renovations
20 (2 bed 1 bath) Rents from $895-$970.
4 (1 bed 1 bath) Rents from $655-$850.
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
PROPERTY FACTS
| Price | $7,800,000 |
| Price / SF | $115.76 / SF |
| Cap Rate | 8.29% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 67,383 SF |
| Total Land Area | 6.68 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
21-Unit Self-Storage
1252 Mount Vernon Rd, Newark, OH 43055 |
Specialty | 10,840 SF | 1956 | - |
|
24 Units - Garden Style Multi-Family
1252 Edwards ln, Zanesville, OH 43701 |
Multifamily | 31,799 SF | 1965 | - |
|
14 Units - Multifamily Townhomes
203/ 218 Laverne dr, Newark, OH 43055 |
Multifamily | 12,600 SF | 1972 | - |
|
22 Units - Multifamily Townhomes
909-931 Welsh View Dr, Newark, OH 43055 |
Multifamily | 12,144 SF | 2000 | - |
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