Fairfield Square 2 biens | Immeuble residentiel | Fairfield, OH

Colliers is pleased to present Fairfield Square, a 24-unit multifamily community comprised of 12 townhome-style residences and 12 flat units, ideally located in Fairfield, Ohio. The offering also includes an additional 0.639-acre adjacent parcel zoned R-O PUD, providing a valuable opportunity for future expansion, whether through additional townhome units, a supplementary multifamily building, or the creation of enhanced on-site amenities.
Fairfield Square represents a compelling value-add investment opportunity with proven upside through continued interior renovations. Recently upgraded units are achieving notable rent premiums over classic and partially renovated units, offering a clear pathway for a new owner to implement a targeted renovation strategy and drive meaningful rental growth.
Beyond the asset-level upside, the property benefits from its location in Fairfield, a highly desirable submarket within Greater Cincinnati, known for its economic stability and strong demand fundamentals. Notably, the investment is further supported by exceptionally favorable real estate tax exposure, with an effective tax rate of approximately 1.96% on the multifamily component and just 1.33% on the townhome units, providing a distinct advantage relative to competing assets in the region.
Additional revenue growth opportunities exist through operational enhancements, including the installation of in-unit washers and dryers and the implementation of a bulk cable and internet program, both of which can generate incremental income while enhancing the overall resident experience.