$350,000 Multifamily Redevelopment TIC Sale (Xenia, OH)

This is a TENANTS-IN-COMMON (TIC) Sale: One (1) tenant is selling out their interest in the property for a 1031 opportunity.
Property is ~25 minutes from new $2 Billion Honda/LG Battery Plant opening in October, 2024.
Largest closest city is Xenia.
High demand for apartments to house workers.
· +/- 31,000 square feet · 74 beds · 42 rooms with private restrooms · Large handicap bathing rooms · Huge fenced yard (~3.
75 Acres) · Laundry facilities onsite · Fully equipped commercial kitchen · Expansive dining room and living room · Reception area in core · Administrative offices · Four wings with separate common areas · Off-market - not listed.
2.
0% Seller Fee to LICENSED Agents.
· Price: $350,000 for TIC Interest · Terms: cash for 1031 Exchange, 30 day close.