The Commission PDX is pleased to present Colonial Village: a 110-unit apartment community in Carlisle, OH, just south of the Dayton metro area. Located on Dayton-Oxford Road along the Great Miami River, Colonial Village has been well-run and maintained by a high-quality local ownership group.
Colonial Village has received $450,000+ in capital investments throughout the previous 5 years, curing deferred maintenance as well as upgrading the properties exterior and curb appeal. Additionally, current ownership has focused on keeping the property 95%+ occupied, rather than raising rents commensurate with the market; thus, leaving significant room to immediately increase rents on new leases and renewals.
Colonial Village offers an excellent location within Carlisle, OH, offering convenient access to Cincinnati and Dayton via I-75, as well as the submarket’s surrounding amenity centers. In addition to historically strong occupancy, a stable tenant base, and significant capital improvements, this asset is located in a Qualified Opportunity Zone, which is an exciting opportunity for incoming investors to maximize returns through tax deferral strategies.
The Commission PDX is pleased to present the 18 unit Ridge Road Apartments, located at 6384-6402 Ridge Road, in Parma, OH 44129. Conveniently located on the Westside of Cleveland, just blocks from I-480 within a quiet residential neighborhood and only 11 miles Southwest of Downtown. Moreover, the property boasts phenomenal shopping nearby at the brand new Shoppes at Parma Outdoor retail mall, and many other grocery, restaurant, and retail options available.
The Ridge Road Apartments consists of 3 all brick, approx. 6,000 Sq. Ft., three store buildings built in 1952, located on .728 acres, each containing 1 bedroom, one bathroom suites and 5 two bedroom, one bathroom suites; 18 suites in total. The property is an outstanding investment opportunity in a great location with upside potential. Ideal stabilized apartment building with very low management and maintenance. Out of State Owners direct Immediate Sale. Laundry Room with Landlord owned coin-operated machines in each building provide additional income.
The property benefits from a newer roof, new windows, upgraded electrical , and much more. Moreover, features included covered parking garages (1 space per unit), opening up additional income opportunities. Forced Air Furnaces throughout, with tenant-paid gas & electric. Currently the property is 94% occupied. Opportunity to significantly increase income by increasing current Rents to Market Rates.
The Commission PDX is pleased to present Van Aken Crossing, an exciting opportunity to acquire a 111-unit multi-family community in Cleveland, OH
(Shaker Heights School System). Van Aken Crossing consists of three (3) three-story buildings with a mix of large one and two-bedroom floorplans. Located only a ½ block from the iconic Shaker Square, Van Aken Crossing offers a-best-in-class location along Van Aken Boulevard (17,000+ VP D) and is 3.7 miles from the world famous Cleveland Clinic, Case Western Reserve University, and University Hospitals.
While Van Aken Crossing is located in a suburban setting, it is uniquely positioned across from the Cleveland Rapid Transit—offering quick and convenient access to University Hospitals, downtown, the airport, area amenities, retail, and major employment centers.
The property has been well–maintained by current ownership (nearly $1,100,000 of capex invested during ownership period), while also possessing a multitude of value-add avenues investors are searching for. Additionally, Van Aken Crossing benefits from the thriving fundamentals of the Cleveland multi-family market; thus, making this an exciting opportunity for incoming investors to break into the market.
The Commission PDX is pleased to present the 13615 Madison & 2006 Wyandotte Ave. building, located in Lakewood, OH. This rustic mid-century mixed use multi-family/retail building boasts multiple income-types from both residential, as well as commercial tenants. Lakewood is known for it’s pristine location off of Lake Eerie, and it’s prime real estate market. More information will be added on this property as it becomes available.