The SELL with STASH Multi-Family Investment Sales Team of Sperry Van Ness-RICORE Investment Management, Inc. is pleased to present to qualified investors the opportunity to acquire Dover Place, a 104-unit cardinal style apartment community. The property consists of (22) studios, (73) one-bedroom units, and (9) two-bedroom units. Tenants pay their own heat and electric, and there is a water bill back program. Sales Info: ■ Cap rate: 7.49% ■ Commision split: 2.0% ■ NOI: $217,185 Location Description: Dover Place is located in Springfield, OH, a small city northeast of Dayton. The property is on State Route 72, providing residents with many dining options. Highlights: ■ Tenant Paid Heat and Electric ■ Water Bill Back Program ■ Low Maintenance Costs ■ Below Market Rents ■ Washer/Dryer Hookups in Two Bedroom Units ■ Laundry Facilities (Property Owned) ■ Private Patios « show less
The SELL with STASH Multi-Family Investment Sales Team of Sperry Van Ness-RICORE Investment Management, Inc. is pleased to present to qualified... show more »
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