513-417-5588
105 Sunshine Ave, Cortland, OH for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

105 Sunshine Ave
Cortland, OH 44410


HIGHLIGHTS

  • Untapped Niche in a Thriving Market
  • Immediate Opportunities to Increase Revenue
  • Strategic Location & Ample Amenities

OVERVIEW

Capstone is pleased to present the Villas of Cortland Creek. Located in Cortland, Ohio, just north of Youngstown, this 40-unit affordable senior apartment community presents a compelling opportunity to invest in a growing niche with significant upsides. Built in 2008 and currently in its 15-year extended use period, this affordable senior living complex is ideally located in an MSA with limited options for its aging population. With units currently being leased below the maximum AMI-restricted rents, new owners will have the opportunity to access better-than-market returns by quickly bringing all units to the maximum allowable level. With a strong projected return on investment and a wide tenant base to be found in the surrounding area, the Villas of Cortland Creek offers an enticing opportunity for new owners looking to invest in a growing and underserved market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

40

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villas of Cortland Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

16.04 AC

LAND SF

698,702 SF

ZONING

-

APN/PARCEL ID

30-000062

ASK ABOUT THIS PROPERTY

Stash GeleszinskiCushman & WakefieldMore Info
513-417-5588

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Stash GeleszinskiCushman & WakefieldMore Info
513-417-5588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.