CBRE is pleased to announce the exclusive offer of Colonial Village, an established property in the heart of Franklin, Ohio. With many accessible freeways, this property makes an easy living home for residents.
Value Add Opportunities
Rents Below Competitive Set
- Colonial Village features a mix of studio and two-bedroom garden-style units with base-level interior finishes.
- A programmatic unit upgrade strategy will harvest additional upside potential to capture rental premiums aligned with the local submarket.
Organic Rent Growth
- In-place rents are at the bottom of the competitive set, providing significant value-add upon trade outs and renewals.
Opportunity to improve other income
- Currently the owner pays for trash and has no cable/internet contract.
- A new owner could readily consider a flat fee or bill-back on trash/pest charges as as well implement a technology package for increased revenue.
Call Kurt for more information at +1 (513) 369-1383.