13 fully rented apartments for sale!

Old Eagle Apartments Brunswick, OH 44212

 Old Eagle Apartments, Brunswick, OH, 44212
 Old Eagle Apartments, Brunswick, OH, 44212
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,195,000
Last Verified:
May 10, 2019


Description

11 2-bedroom and 2 4-bedroom apartments, 100% leased, for sale. NOI is approximately $85,662. Offered at a 7.1% cap rate

less than 1 mile to I-71 at SR 303. Near the retail heavy corridor of SR 303 in Brunswick Ohio.


Year Built: 1970
Building Size: 15721.0sq ft
Building Class: B
Lot Size: 1.84 acres

Map of Old Eagle Apartments, Brunswick, OH, 44212

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.