300-304 Sal Blvd, Trenton, OH 45067

Description

Rare opportunity to acquire a stabilized, income-producing 12-unit townhouse portfolio in Trenton. This offering consists of three 4-unit buildings. Built in 1996, the property features spacious 2-bedroom/2-bathroom townhouse-style units averaging 1,100 SF each totalling 13,200 total rentable square feet on ~1 acre. Currently 100% occupied with in-place rents totaling $14,250/month with a low expense ratio. Eight of twelve units have been updated, with fully renovated units commanding $1,250–$1,300/month and remaining classic units offering clear upside through renovation to market rents. Tenants are responsible for electric, water, and internet, keeping owner expenses m...