12-35 Grove Ct - Apartments FOR SALE


Marysville, OH 43040
$1,350,000 USD
937-707-8954
12-35 Grove Ct, Marysville, OH for Sale
$1,350,000 USD
Apartments - FOR SALE
1/46
null | 6.25% Cap Rate

12-35 Grove Ct
Marysville, OH 43040


HIGHLIGHTS

  • Stabilized in-place cash flow with proven rental history
  • Tenants pay all utilities, supporting strong operating margins
  • Single-level, ranch-style units reduce maintenance and turnover
  • Durable 1961 construction with straightforward operations
  • Limited supply of small multifamily assets in Marysville
  • Attractive opportunity for private investors and 1031 buyers

OVERVIEW

Exceptional and rare 10-unit multifamily investment in Marysville consisting of five duplex buildings (10 units total). All units are single-level ranch-style, a highly desirable layout that supports long-term tenancy, reduced turnover, and lower maintenance. The unit mix includes eight 2-bedroom/1-bath units and two 3-bedroom/1-bath units, appealing to a broad tenant base. All buildings feature new roofs, and the units are well maintained on the interior, reflecting pride of ownership. The property generates $10,750 in gross monthly income ($129,000 annually) with separately metered, tenant-paid utilities, and offers clear upside with room for future rent increases. A stabilized, in-place cash-flowing asset ideal for investors or 1031 exchange buyers in a supply-constrained market.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

29-0006308-0000

ASK ABOUT THIS PROPERTY

Charlie ScheidererOrchard Capital Investments LlcMore Info
937-707-8954

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Charlie ScheidererOrchard Capital Investments LlcMore Info
937-707-8954

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