Oak Park is a 32 unit apartment community located in Ravenna, Ohio only 5 miles from Kent State University.  This property is comprised of all 2 bedroom townhomes all of which have patios.

 

The property is located in a quiet section of town just across the street from a beautiful city park.  It's many trees and greenspace make it a very cozy and attractive community. 

 

Ammenitis include:  onsite laundry facility, spacious floorplans, patios, off street parking.

OAK PARK APARTMENTS

This property was purchased on a 5 year land contract and is a true "No money down" deal.  We were able to negotiate a deal with the owner which allowed us to take over ownership responsibilities while paying him monthly payments for his agreed equity share. 

 

There is a significant amount of upside in this property by tightening up management practices and increasing rents to market.  In 5 months of ownership, we have filled the property to maximum capacity while increasing rents by an average of 20%. 

 

 

DEAL STORY

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