Windy Oak Apartments | 5 Property Multifamily Portfolio

Description:

Ri Marketplace Online Auction September 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2686/windy-oak-apartments-5-property-multifamily-portfolio?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2686

Bracket Real Estate and RI Marketplace are pleased to present the opportunity to acquire a five-property multifamily portfolio located in Windham, Ohio, comprising a total of 30 townhome-style units across 25,792 square feet. The properties are situated at 9511 Community Rd, 9538 Cloverleaf Rd, 9544 Cloverleaf Rd, 9512 Community Rd, and 9000 Oak Ct. Each building contains six units, with a mix of two- and three-bedroom layouts. Most units have been renovated by current ownership, and significant infrastructure upgrades—including water and sewer line replacements—have already been completed.

The portfolio is currently 87% occupied and classified as a Class C asset. All buildings are two stories, constructed with wood framing, and offer a combined total of 20 surface parking spaces. The properties are located within a federally designated Opportunity Zone, providing qualified investors with potential tax advantages such as capital gains deferral and tax-free appreciation.

Strategically positioned just south of the I-80/Ohio Turnpike, the portfolio benefits from regional accessibility and proximity to key demand drivers, including Kent State University’s Trumbull campus. Nearby recreational amenities such as Mosquito Lake State Park and Cuyahoga Valley National Park further enhance tenant appeal. Rental rates have shown consistent year-over-year growth across both floor plans, with additional upside potential through continued lease turnover and market demand. This offering represents a compelling value-add opportunity in a stable, workforce housing segment with limited local competition.


Thomas Seaman
Auctioneer
License: 2007000016

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