201 E Chestnut St, Oxford, OH 45056

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Building Details:

• Year Built: 1971

201 E Chestnut St is located in Oxford, OH.

Sperry Van Ness has been retained as the exclusive agent to offer for sale Ashley Commons Student Housing in Oxford Ohio, home to the prestigious Miami University. This is an excellent opportunity to purchased a well maintained asset with a low down payment. The debt on the property could possibly be assumed by a strong and experienced Buyer. The existing debt terms and condition are extremely attractive and the Seller will also consider seller-financing the project as well. A comprehensive rent comp study was completed in February 2011. Rents at Ashley Commons are the lowest in the college-town. One bedroom units are easily $1000/semester under market and up to $1155/semester under market for the two bedroom units. The student housing market has a strong demand for affordable & suitable student housing apartments. Oxford is an extremely supply-constrained city & Ashley Commons offers the rare opportunity to acquire student housing with upside opportunities.