3T Townhomes
384 North Franklin St.
Richwood, OH 43344
Price: $4,500,000
30 Units | 2025 Year Built
Investment Highlights:
Charles Hart Multifamily Group is pleased to present 3T Townhomes, a 30-unit townhome community located in Richwood, OH. The property is comprised of ten, two-story residential buildings nestled on two acres. Opening its doors in October 2025, 3T Townhomes provides an excellent opportunity to acquire a stable, well-located asset, with no deferred maintenance and upside potential through bringing rents to market rate.
3T Townhomes consists of spacious three-bedroom, two-bath units with 1,150 square feet of living space. All units feature shaker style cabinetry, granite countertops, luxury vinyl flooring, and a fully equipped kitchen with black appliance package: range, dishwasher, and a built-in microwave. Each unit also has a washer/dryer en-suite. The units are all electric and are individually metered for water, which the tenant is responsible for paying. The property also features community-wide cable and internet via Spectrum offering residents a premium service at a negotiated rate priced below the market.
3T Townhomes is the definition of turn-key, reaching near-full occupancy in just a few months. Because the property is in its first year of operation, a new owner will enjoy minimal-to-zero capital expenditure requirements and will allow for an immediate shift in strategy: moving past the initial lease-up phase to focus strictly on revenue-driving initiatives and bringing rents in line with the top of the market.
With roughly half the rent roll currently receiving free bulk cable/internet (an initial lease-up incentive), a new owner can capture another revenue stream and bridge the gap to true market-rate performance upon lease renewals ($15,000 +). Additionally comparable three-bedroom townhomes are garnering an average rent of more than $1,600 throughout the region. This is more than $400 above the average in place at 3T offering massive upside potential to new ownership in raising rents to market level over time.
Location Highlights:
Located in Richwood, the community offers the small-town feel with unbeatable proximity to the region’s largest employment hubs. Residents are just 15 minutes from Marysville’s shopping, dining, entertainment, and major employers—including Honda and Scotts Miracle-Gro—and an easy commute to Delaware and Columbus.
3T Townhomes Offering Documents
Please read the confidentiality agreement and buyer registration before filling out the form to view additional offering materials.
CHARLES HART REAL ESTATE MULTIFAMILY GROUP
HOME OPPORTUNITIES CLOSED TRANSACTIONS ABOUT ADVANTAGE CONTACT
Confidentiality and disclaimer agreement: The information contained in the following is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Charles Hart Real Estate LLC and should not be made available to any other person or entity without written consent of Charles Hart Real Estate LLC. Marketing Brochures have been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in a given subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Charles Hart Real Estate LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the Presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in a Marketing Brochure has been obtained from sources we believe to be reliable, however, Charles Hart Real Estate LLC has not verified, and will not verify, any of the information contained herein, nor has Charles Hart Real Estate LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Listing disclaimer: Charles Hart Real Estate LLC is not affiliated with, sponsored by, or endorsed by any commercial tenant or lease identified in this marketing brochure. The presence of any corporation logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by said corporation and Charles Hart Real Estate LLC or any of its agents and is solely included for the purpose of providing information about a listing to prospective customers.
