Please enter your username or email address. You will receive a link to create a new password via email.
Brown Multifamily Advisors is pleased to offer for sale Danbury Meadows Apartments a 49-unit, value-add multifamily property. The property is located on the southwest side of the city of Columbus, Ohio in Galloway within theSouth-Western City School District.
The property consists of ten two-story brick and frame townhouse buildings built between 1981-1986. Just ten miles west of downtown Columbus, the property is situated on approximately 4.5 acres of well landscaped grounds. Galloway offers a combination of suburban and rural areas within the South-Western City School district. Galloway is known for Battelle Darby Creek Metro Park which features more than 7,000 acres of forest, prairies and wetlands. It stretches along 13 miles of the Big and Little Darby creeks, both State and National Scenic Rivers.
Danbury Meadows Apartments offers 49 two-bedroom / 1.5 bath townhouse units with an average of 1,078 Sq. Ft. The well-maintained units feature ample storage, central air, first floor laundry rooms and carports. Current ownership has begun an interior renovation project that features updated kitchens, baths, lighting and flooring – with all new appliances, cabinets, countertops and vanities – that has translated to immediate rental increases of approximately $100 per month. Value-add potential exists for the new owner to continue renovating units and further increasing rents.
This is a great opportunity to acquire a stable, well-maintained multifamily property with value-add potential that seldom makes it on the market. Brown Multifamily Advisors invites you to pursue this portfolio as your next acquisition and we look forward to discussing it with you.
Updated on February 12, 2019 at 10:26 am