Winton Place Townhomes – INCOME PROPERTY ORGANIZATION

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Winton Place Townhomes

Available | $1,500,000

1124 Winton Pl, Springfield, OH 45503
Property Type: Multifamily
Total Number of Units: 8
Average Square Feet: 1,223
Price per Unit: $187,500
Gross Rent Multiplier: 10.90
Expense to Income Ratio: 30.07%
Debt Service Coverage: 1.10
Year One ROI: 2.25%

Listing Agent: Paul McHugh

Location

SUMMARY:

Winton Place Townhomes are located in Springfield, Ohio and the complex was built in 2022. It contains 5 spacious two-bedroom, 1 ½ -bathroom units each measuring 1,068 square feet, and 3 three-bedroom, 1 ½ -bathroom units each measuring 1,480 square feet.

Currently Winton Place is operating at 100% physical occupancy. The average rent for the two-bedroom townhomes is $1,340 and the three-bedrooms are $1,533 per month. Amenities at Winton Place include: granite countertops throughout, stainless steel appliances, washer/dryer hook-ups on first floor, large parking lot in rear with entryway into kitchen. All units come with blinds and full closet build-outs. Winton Place represents a well-located asset near Dayton and Columbus, poised for new ownership with a value-add mentality.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio