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Greenfield Meadows 200 N 11th St

40 Unit Apartment Building $3,000,000 ($75,000/Unit) Greenfield, OH 45123

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Investment Highlights

100% Section 8 Project Based Voucher apartment complex
All-electric units with a mix of garden and townhouse layouts

Most recent REAC score of 82c; HAP contract through 6/1/34
95% occupied with a waitlist

Executive Summary

Greenfield Meadows is a 40-unit affordable multifamily property located in the southwest Ohio community of Greenfield. Approximately 20 miles west of Chillicothe, Greenfield is a small village on the border of Highland and Ross Counties. The property is well-located just west of downtown and an easy walk to restaurants, a grocery and other essential services.
Constructed in 1978 as a 100% Section 8 Project Based Voucher apartment complex, the property contains 20 one-bedroom flats built in single-story structures around a central courtyard along with a mix of two-, three- and four-bedroom units located in two-story townhouse style buildings. The property has a dedicated leasing office, keycode-accessed laundry room and ample parking. The all-electric units each have full-sized hot water heaters, central air, replacement vinyl windows and most have luxury vinyl tile (LVT) flooring in the entryways, kitchens and bathrooms. Most tenants pay electric. The property is currently 95% occupied with a waiting list.
This is a great opportunity to acquire a very desirable and well-performing affordable multifamily property.

Property Facts

Price	$3,000,000	Building Class	C
Price Per Unit	$75,000	Lot Size	1.14 AC
Sale Type	Investment	Building Size	32,838 SF
No. Units	40	Average Occupancy	5%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1978
Apartment Style	Townhome	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.

Price	$3,000,000
Price Per Unit	$75,000
Sale Type	Investment
No. Units	40
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	1.14 AC
Building Size	32,838 SF
Average Occupancy	5%
No. Stories	2
Year Built	1978
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.