INVESTMENT HIGHLIGHTS Residential apartment building built in 2014 with 54 bedrooms across 24 units. All apartments are 2 or 3 bedroom floor plans. These beautiful modern apartments have the latest finishes, balconies on every unit, and panoramic views of the Ohio University Campus & surrounding area. Open air stairwells and staircases with no enclosed common areas provide a low maintenance design. When coupled with the security camera system and fire suppression system, it also promotes a safe and healthy environment. Sharing a border with campus, this building is centrally positioned in the most active off-campus student enclave. The location also offers a short walk uptown and all other areas of campus. Property is walkable where most errands can be accomplished by foot, along with many nearby transportation options. Building has 3 maintenance/storage rooms where 1 of which has a bathroom and utility sink. EXECUTIVE SUMMARY One of the few local apartment communities with true curb appeal, these well-maintained places are in high demand for several reasons. Quality products, routine upgrades, and a prime location account for much of this. Showings are by reservation only. Please do not disturb tenants. All of the leases have terms that follow the academic calendar for Ohio University. Leases start on the first day of summer session and end on graduation day the following spring. Building is 100% leased for next Ohio University academic school year (May '24-May '25). Typically, every unit in the building has been leased several months before the leases begin. Detailed income information available to qualified buyers.
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