GRAND VIEW TOWNHOMES
281 E. Main St.
Clarksville, OH 45164
Price: $2,250,000
24 Units | 2005 Year Built
Investment Highlights:
Charles Hart Multifamily Group is pleased to present Grand View Townhomes, a 24-unit apartment community located in Clarksville, OH. The property was built in 2005 and is comprised of eight two-story residential buildings nestled on 1.65 acres. Grand View Townhomes provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential through continued unit renovations, increased rents, and improved management.
Grand View Townhomes consist of spacious two-and three-bedroom townhome units ranging in size from 1,250 to 1,800 square feet of living space. Renovated units feature updated appliances and luxury vinyl plank flooring throughout the lower level. All units feature an electric stove, refrigerator, dishwasher, garbage disposal, washer/dryer connections, private patios and individually controlled heat and air conditioning. This community sits in a quiet park-like setting with plenty of surface parking for residents. All units are fully electric, which the tenant is responsible for paying. Currently the owner pays for water/sewer, and trash removal expenses.
Currently, the owner uses two units as Airbnb’s that have brought in more than $37,000 in revenue the past twelve months – an average of $1,560 per unit, per month. Many guests are attracted by the nearby World Equestrian Center which is less than ten minutes away and hosts an array of events year-round. These units also offer a new owner the flexibility to continue with short-term rentals or convert them back to market-rate rentals.
A new owner could realize considerable upside through improved operations, increased rents, and continued unit renovations. Another potential revenue stream would be to implement utility reimbursement for the water/sewer/trash charges which could increase the NOI up to $30,000 annually. With major capital improvements such as community-wide metal roof replacements and new leaf guards completed in 2024, the property offers a turnkey opportunity for incoming ownership.
Location Highlights:
The property is conveniently located in Clarksville, within the highly desirable Clinton Massie School District. The property is equidistant between Dayton and Cincinnati, and just an hour south of Columbus. Its proximity to Interstate-71 provides access to employment opportunities in all three metropolitan areas, while nearby local hubs - such as the Wilmington Airpark, home to major employers like R+L Carriers, Amazon, and ABX Air – which offer thousands of jobs within minutes of the property.
Grand View 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.
