2373 Belcher Drive

About this property

Rare opportunity to acquire a substantially improved 25-unit townhome-style apartment community near Easton Town Center. The property features a desirable mix of studio, 1-, 2- and 3-bedroom units, spacious layouts and private full basements. 21 of 25 units have recently been turned/renovated, providing a strong foundation for a new owner with additional upside. PROPERTY HIGHLIGHTS: New parking lot; newer roof (less than 10 years); new windows; central air; combination of baseboard and boiler heat; luxury vinyl plank flooring; updated kitchens, cabinets and appliances; updated bathrooms and fixtures; washer/dryer hookups; and professionally maintained grounds. CONDO CONVERSION: Property has been converted to a condominium structure, which may provide an opportunity for favorable property-tax treatment compared with traditional multifamily assessment, subject to applicable tax treatment and individual unit assessments. Buyers should verify tax implications with their advisors. PRIME LOCATION: Conveniently located near Easton Town Center, shopping, restaurants, parks, entertainment and major employment centers, with easy access to I-71 and I-270. SIGNIFICANT CAPITAL IMPROVEMENTS + UPSIDE: Much of the renovation work is already complete, offering investors an opportunity to acquire a substantially improved community with potential for continued leasing and operational upside. Financials, rent roll and additional information available to qualified buyers. **315 total units available**

Highlights

Zoning

AR-1

Heating

Hot Water

Utilities

Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Listing Terms

Conventional

Parking Total

32

Lot Size Acres

0.88

Location