Pershing Apartments is a 30 unit apartment community located in Zanesville, Ohio. This property consists of both 1 and 2 bedroom units.
Three buildings make up the community and are situated in a manner which makes it a very social and pleasant community.
It is located next to the County Fairgrounds and is close to many restaurants and shopping.
This property was a bank foreclosure and was very distressed but had much potential. In fact, one week after closing we were offered an amount considerably more than what we paid for the property by a local investor.
Since purchase, we have made many improvements including: new parking lot, new siding, all new windows, all new locks, new lighting and much more.
This property is always 100% occupied and has much room to increase rents to market. Furthermore, we are excited to see how this gem performs in its second year after all of the positive upgrades. It is expected to boast a cash on cash return of over 35% in its first year.