Ohio Apartment Buildings for Sale

427 properties available.
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3305 Arlington Avenue

Toledo, OH 43614

Multi-Family

Price Upon Req.Size Upon Req.

PROPERTY TOURSTours will be conducted by appointment only. All interested parties must contact the agent to schedule a tour. Please contact Rich Deptula at (248) 848-4938 or at richard.deptula@freg.com Monday, April 20, 2015, beginning at 10:00 AM Tuesday, April 21, 2015, beginning at 10:00 AM Monday, May 4, 2015, beginning at 10:00 AM Tuesday, May 5, 2015, beginning at 10:00 AMPROPERTY DESCRIPTIONAuction.com and Friedman Brokerage Company are pleased to present the opportunity to acquire Arlington South Apartments, a 108-unit apartment community located at 3313 Arlington Avenue in Toledo, Ohio. Currently 86.11% occupied, this five-building apartment community contains 10 one-bedroom units and 98 two-bedroom units accessible by way of common lobbies leading to a private entrance. The property was constructed in 1971 on a 3.52-acre site situated among similar multifamily properties and single-family residences in southwest Toledo.

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3235 Airport Highway

Toledo, OH 43609

Multi-Family

Price Upon Req.Size Upon Req.

PROPERTY TOURSTours will be conducted by appointment only. All interested parties must contact the agent to schedule a tour. Please contact Rich Deptula at (248) 848-4938 or at richard.deptula@freg.com Monday, April 20, 2015, beginning at 10:00 AM Tuesday, April 21, 2015, beginning at 10:00 AM Monday, May 4, 2015, beginning at 10:00 AM Tuesday, May 5, 2015, beginning at 10:00 AMPROPERTY DESCRIPTIONAuction.com and Friedman Brokerage Company are pleased to present the opportunity to acquire Briar Cliff & Cambridge Woods Apartments, two apartment communities currently operating as one entity located at 3235-3367 Airport Highway in Toledo, Ohio. Currently 90% occupied, the two communities consist of nine (9) buildings with a total of 240 units. The property contains a strong mix of one and two-bedroom units ranging in size from 680-903 square feet, with a robust amenity package including private balconies, air conditioning in all units, multiple laundry facilities, and two pools with sundecks in a scenic wooded setting. Briar Cliff was constructed in 1979 on 7.39 acres, and Cambridge Woods was constructed in 1971 on 4.84 acres.

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12 Hidden Valley Drive

Toledo, OH 43615

Multi-Family

Price Upon Req.Size Upon Req.

PROPERTY TOURSTours will be conducted by appointment only. All interested parties must contact the agent to schedule a tour. Please contact Rich Deptula at (248) 848-4938 or at richard.deptula@freg.com Monday, April 20, 2015, beginning at 10:00 AM Tuesday, April 21, 2015, beginning at 10:00 AM Monday, May 4, 2015, beginning at 10:00 AM Tuesday, May 5, 2015, beginning at 10:00 AMPROPERTY DESCRIPTIONAuction.com and Friedman Brokerage Company are pleased to present the opportunity to acquire Park Terrace Apartments, a 208-unit apartment community located at 5301 Hill Avenue in Toledo, Ohio. Currently 87.50% occupied, this ten-building apartment community contains 136 one-bedroom units and 72 two-bedroom units accessible by way of exterior walkways leading to a private entrance. In addition, the property offers a clubhouse, pool, and fitness center. The property was constructed in 1978, on a mature, well-landscaped site of 14.76-acres, among other single-family residences, small retail establishments, and a pocket of farmland.

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33033 Curtis Boulevard

Eastlake, OH 44095

Multi-Family

Price Upon Req.19,584 SF

Property showings will be offered on Thursday, April 23rd and Thursday, May 7th between 10:00 AM to 1:00 PM local time. Please contact the listing broker to RSVP.Auction.com and Marcus & Millichap proudly present an excellent opportunity to acquire Clearwater Apartments, a 42-unit community in Eastlake, OH. Built in 1986, Clearwater is comprised of 5 single- story, Cardinal-constructed buildings. This asset is very stable and has hovered between 95% and 100% occupancy for approximately 12 months. During that time the owner has made a number of physical improvements to eliminate a number of deferred maintenance issues that previously existed. A new owner can step into this property; obtain favorable debt and cash flow handsomely beginning the first day they own the asset. Additional growth is possible through modest rent increases upon turnover.Clearwater offers a mix of studio, one and two-bedroom apartments ranging in size from 288 to 864 SF. Unit features include an individual entrance, a private enclosed patio, vaulted ceilings, a fully equipped kitchen, and parking right in front of each unit entrance.

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1448 E 337th Street

Eastlake, OH 44095

Multi-Family

Price Upon Req.34,950 SF

Property showings will be offered on Thursday, April 23rd and Thursday, May 7th between 10:00 AM to 1:00 PM local time. Please contact the listing broker to RSVP.Auction.com and Marcus & Millichap proudly present an excellent opportunity to acquire Maple Park Apartments and Eastlake Terrace Apartments. The property consists of two Eastlake, OH apartment complexes separated by a mere 400 FT. The first property, Maple Park, is 18-units, in a single, 2-story building located at 1448 East 337th St. The second property, Eastlake Terrace, contains 32-units in 4 separate 2-story buildings, located at 1490 East 337th St. Both complexes were constructed in the 1960's, feature brick buildings and contain gas-fired boilers installed in 2004-2006. Together, Maple Park & Eastlake Terrace offer an opportunity for an investor to acquire 50-units that can easily be managed as a single asset. After taking the property back from a previous owner who mismanaged them the lender has spent several months renovating the properties and getting them back on track toward stabilization.

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347 E Livingston Avenue

Columbus, OH 43215

Multi-Family

$475,0003,498 SF

Luxury apartment with rooftop deck. Office/retail space. 4-5 off street parking spaces. Great visibility, access. Close to Children' s and Grant Hospital. Proximity to German Village and CBD amenities. Great opportunity for owner/user to live/work.

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5675 Chatford Drive

Columbus, OH 43232

Multi-Family

$1,500,00012,200 SF

Multi-family investment opportunity situated on approximately 2.54 acres consisting of two 2-story buildings totaling 24,400 square feet with 40-1 bedroom/1 bathroom apartments

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11305 Cotes Avenue

Cleveland, OH 44105

Multi-Family

Price Upon Req.5,252 SF

This is a package of 5 properties property 1- 5 bedroom property 2- 5 bedroom property 3- single family 5 bedroom Property 4- 2 houses one lot 3 bedroom/1 bath, 3 bedroom 1 bath Property 5- 2 houses one lot 3 bedroom/1 bath, 3 bedroom 1 bath all homes will be rented and managed professionally by an attorney owned management company. The CAP rate was figured on an extremely conservative model. The rents are lower than market and I figured expenses higher than they actually are. I am interested in long term relationships, not "one and done" Ask about our 6 month rent and maintenance guarantee!! I am not a real estate agent, I am an investor for nearly 20 years that is involved in the same type of properties I am selling you!

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2060 East Dayton Yellow Springs Road

Fairborn, OH 45324

Multi-Family

$1,850,00024,800 SF

Marcus and Millichap is Pleased to offer Oak Tree Villas, a 32 unit senior living apartment complex. Oak Tree Villas is located in Fairborn a suburb on the eastside of Dayton Ohio. Situated just off of Interstate 675, on East Dayton Yellow Spring Road residents are within close proximity to Kroger, K-Mart, Doctors' Urgent Care Office, and a number of Restaurants. Across the street from the complex is a Community Park with a 1.3 mile walking/jogging/biking trail. The current owners acquired the property and have since spent $20,000 on improving the ground to include an outdoor common area for the residents' enjoyment. Oak Tree Villas complex has ten building, of the ten building nine of them consist of (16) one-bed/one-bath, and (16) two-bed/one-bath apartments. The tenth building is a garage/office. The tenants pay for all their own utilities to include water/sewer, electricity, and gas. Each unit is equipped with a utility room with a washer/dryer hook up and a stove, dishwasher, and refrigerator in the kitchen. All the units are a Garden style apartment with no step, and all the apartments are Handicap accessible to include the walk-in showers.

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4112 Allendorf Courtyard

Cincinnati, OH 45209

Multi-Family

$2,575,00030,830 SF

The complex was constructed in 1955, with a unit-mix including (2) Studio, one-bathroom garden-style units, (44) one-bedroom, one-bathroom garden-style units and (8) two bedroom, one-bathroom garden-style units. Property amenities include Secured Entrances, On-site Laundry, (27) Two Car Garages, and a Landscaped Courtyard. The owner is responsible for trash and the tenants are responsible for Gas, Electric, and Water. In 2006 the complex had all new vinyl windows installed which includes a transferable Lifetime warranty. The property is currently professionally managed by Towne Properties. Demand continues to be strong and it is expected that the complex will continue to maintain 95% occupancy or better. This reflects an 8 percent cap rate at $2,575,000. A re-assessment of taxes at list price (taxes are currently assessed at $1,213,590) in 2016 is accounted for in our 10-year projection. Based on our projections the cap rate is expected to grow in 2016 to 8.4 percent and yield a cash-on-cash return of 13.43 percent in the first year. The 5-yr leveraged IRR is forecast at 14.40 percent. The 10-yr leveraged IRR is forecast at 18.17 percent.

Ohio Apartment Buildings for Sale

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