Property Listing No Longer Available for Sale

15-50 Heffron Court & 5209 Dorshire Drive

Fairfield, OH

Multi-family for Sale - $5,030,000 - 73,598 Sq. Ft.


Property Info

CIMLS#456120
Location
  15-50 Heffron Court & 5209 Dorshire Drive
  Fairfield OH 45014
UpdatedMay 17th, 2012
TypeMulti-family
Price$5,030,000
Building73,598 Sq. Ft.

Property Description

The subject offering is for 76 units located at 15-50 Heffron Court, Fairfield Ohio and 5209 Dorshire Drive, Fairfield Ohio. There are 2 locations located 3 miles from each other. New financing is available for the offering through U.S. Bank based on one loan for a qualified Buyer. Many tenants have private entrances, 56 units have washer dryer hookup and there are 32 carports. All tenants pay for their own heat and electric. The landlord pays for water, sewer and trash. The property is situated in one of the most desirable parts of Fairfield and is part of Fairfield school district an award winning district in the state of Ohio which has been rated excellent numerous times. The complex sits among a suburban neighborhood of well manicured single family homes and other well maintained complexes. All 7 buildings feature many updates including new roofs, windows, breaker boxes, gutters, entry doors, new kitchens and baths, new HVAC etc.

Location Description:

The community is located in the City of Fairfield part of Butler County in Ohio. Fairfield is located about 20 miles North of Cincinnati. Fairfield has historically maintained a strong rental market and is one of the strongest and most desirable areas for rentals within the Greater Cincinnati area.

Highlights:

>> 76 Units, 68 Two Bedrooms, 8 One Bedrooms

>> Attractive Bank Financing, Out-Of-State Buyer OK

>> Excellent Cash on Cash Return, 9.51% CAP

>> Solid Class B Location & Turnkey Property


Financials