OHIO’s MOST TRUSTED COMMERCIAL REAL ESTATE INVESTMENT ADVISOR
Spring Valley – 16 Units
1498 W Spring Valley Paintersville Rd, Spring Valley, OH 45370
Remodeled Schoolhouse Apartments. This property consists of 16 Units with a mix of twelve  1BA/1BR and four  studio apartments. This property was converted from an old schoolhouse in 1988 to residential living. There is a large cafeteria on-site as well as a separate building that could be converted into two additional units. The landlord pays for electric, heat, water, and cable for all the tenants. There are a total of 45 parking spaces on the property as well as on-site laundry. This property could easily be converted to a senior living community. Some of the improvements that have been done to the units include a new 50 year rubber roof, laminate hardwood flooring throughout the common area, new LED lighting, Parking Lot Sealed and Striped, Six  fully remodeled unit.s, and new coin-operated washer and dryers. The rents are below market which could be raised as a value add opportunity along with tenants reimbursing utilities.