Grand View Townhomes 281 Main St Immeuble residentiel 24 lots 1 911 015 € (79 626 €/Lot) Taux de capitalisation 8,34 % Port William, OH 45164

Please contact Cam Seecamp at 614-271-8922 or visit the offering website at https://www.chmultifamily.com/listings-overview/grandviewth for more details
Charles Hart Multifamily Group is pleased to present Grandview Townhomes, a 24-unit apartment community located in Clarksville, OH. The property was built in 2005 and is comprised of eight two-story residential buildings nestled on 1.65 acres. Grandview Townhomes provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential through continued unit renovations, increased rents, and improved management.
Grandview Townhomes consist of spacious two-and three-bedroom townhome units ranging in size from 1,250 to 1,800 square feet of living space. Renovated units feature updated appliances and luxury vinyl plank flooring throughout the lower level. All units feature an electric stove, refrigerator, dishwasher, garbage disposal, washer/dryer connections, private patios and individually controlled heat and air conditioning. This community sits in a quiet park-like setting with plenty of surface parking for residents. All units are fully electric, which the tenant is responsible for paying. Currently the owner pays for water/sewer, and trash removal expenses.
Currently, the owner uses two units as Airbnb’s that have brought in more than $37,000 in revenue the past twelve months – an average of more than $1,550 per unit, per month. Many guests are attracted by the nearby World Equestrian Center which is less than ten minutes away and hosts an array of events year-round. These units also offer a new owner the flexibility to continue with short-term rentals or convert them back to market-rate rentals.
A new owner could realize considerable upside through improved operations, increased rents, and continued unit renovations. Another potential revenue stream would be to implement utility reimbursement for the water/sewer/trash charges which could increase the NOI up to $30,000 annually. With major capital improvements such as community-wide metal roof replacements and new leaf guards completed in 2024, the property offers a turnkey opportunity for incoming ownership.
The property is conveniently located in Clarksville, within the highly desired Clinton Massie school district. The property is equidistant between Dayton and Cincinnati, and just an hour south of Columbus. Its proximity to Interstate-71 provides access to employment opportunities in all three metropolitan areas, while nearby local hubs - such as the Wilmington Airpark, home to major employers like R+L Carriers, Amazon, and ABX Air – which offer thousands of jobs within minutes of the property.
Grandview Townhomes are being offered free and clear of existing debt.