248-535-5773
250 N Columbus St, Somerset, OH for Sale
Apartments - FOR SALE
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250 N Columbus St
Somerset, OH 43783


HIGHLIGHTS

  • Five-mile radius target market area
  • 2.5% population growth over next five years
  • 5.5% Y-O-Y rent growth

OVERVIEW

Sheridan Green Townhomes in Somerset, Ohio, is located about 45 miles southeast of Columbus, OH. This property features 16 two-story townhomes. Somerset, one of Perry County’s oldest settlements, boasts historic buildings and landmarks reflecting its rich past. Nestled in a scenic area characterized by rolling hills and rural landscapes, Somerset’s population within a 5-mile radius is expected to grow by 2.5% over the next five years, outpacing Perry County’s 2.3% growth. The median HHI in this radius is estimated at $69,862, with 54% of the workforce in white-collar positions. The submarket has experienced a 5.5% year-over-year growth in effective rent, with an average occupancy rate of 95.6%.

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheridan Green Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,730 SF

ZONING

-

APN/PARCEL ID

320006510000

ASK ABOUT THIS PROPERTY

Conor DavidBerkadiaMore Info
248-535-5773

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Conor DavidBerkadiaMore Info
248-535-5773

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