Belmont Apartments – INCOME PROPERTY ORGANIZATION

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Belmont Apartments

Available | $849,000

1920 E High St, Springfield, OH 45505
Property Type: Multifamily
Number of Units: 12
Average Square Feet: 775
Price Per Unit: $70,750
Gross Rent Multiplier: 7.57

Listing Agents: Paul McHugh, J.D., Kevin Jahnke
& Bryan Linton

Location

EXECUTIVE SUMMARY:

Belmont Apartments were built in 1945 and is a low-maintenance, meticulously cared for 12-unit property. It consists of 8 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. Current rent for one-beds averages $686, over $120 below market, while the rent for two-beds average $781, over $150 below market. The property has maintained outstanding historical occupancy in recent years, requiring only minimal management oversight from ownership; occupancy is currently 100% and we expect this to continue moving forward.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio