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41670 National Rd
Belmont, OH 43718
The Grove · Multifamily Property For Sale · 48 Units
PROPERTY FACTS
| No. Units | 48 | Lot Size | 9.03 AC |
| Property Type | Multifamily | Building Size | 50,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2015 |
| Building Class | B |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.03 AC |
| Building Size | 50,000 SF |
| No. Stories | 2 |
| Year Built | 2015 |
Unit Amenities
- Washer/Dryer
- Eat-in Kitchen
- Stainless Steel Appliances
About 41670 National Rd , Belmont, OH 43718
Capstone Apartment Partners is pleased to announce an acquisition opportunity for The Grove Apartments: a 48-unit garden product constructed in 2015. Due to economic growth powered by the emerging petrochemical industry in the region, The Grove is currently capitalizing on corporate block leases; thereby, creating effective rents $600 higher than the market average for comparable floorplans. This opportunity provides prospective buyers an investment well below replacement value, with attractive assumable debt as interest rates continue to rise.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 48 | - | 950 |
PROPERTY TAXES
| Parcel Number | 39-00732-000 | Improvements Assessment | $1,503,710 |
| Land Assessment | $31,710 | Total Assessment | $1,535,420 |
PROPERTY TAXES
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