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Milcrest Commons 777 Milcrest

16 Unit Apartment Building $2,850,000 ($178,125/Unit) Marysville, OH 43040

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Executive Summary

Lim Realty Group is excited to present Milcrest Commons , a 2000s built 16-unit multi-family asset located in Marysville, Ohio. The Property is positioned to fully benefit from being in an opportunity zone, as the current ownership has secured fully approved entitlements and density bonus for 10 additional townhome style units and parking. The existing Property represents a great opportunity as 14 of 16 units are currently occupied and rents can be increased. The inclusion of full-approved, turn-key entitlements and initial plans, a secured density bonus, and opportunity zone benefits, makes this offering truly unique. Principals are licensed real estate Brokers in the state of Ohio.

Property Facts

Price	$2,850,000	Lot Size	1.66 AC
Price Per Unit	$178,125	Building Size	15,500 SF
Sale Type	Investment	Average Occupancy	88%
No. Units	16	No. Stories	2
Property Type	Multifamily	Year Built	2001
Property Subtype	Apartment	Parking Ratio	2.45/1,000 SF
Apartment Style	Low Rise	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.
Building Class	B

Price	$2,850,000
Price Per Unit	$178,125
Sale Type	Investment
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	1.66 AC
Building Size	15,500 SF
Average Occupancy	88%
No. Stories	2
Year Built	2001
Parking Ratio	2.45/1,000 SF
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.