100 Heritage Circle, Bucyrus, OH 44820

Property Description

Heritage Circle Apartments is an 18-unit townhome-style community in Bucyrus, Ohio, offered at $1,495,000 ($83,056 per unit). The property has 16 two-bedroom/one-bath units (±850 SF) and 2 three-bedroom/one-bath units (±950 SF) in three two-story buildings totaling ±23,156 SF, built in 1981, and is 88.9% occupied (16 of 18). Over $270K has been invested, including new roofs, windows, and siding on all buildings and renovated interiors in 14 of 18 units at turnover in 2025-2026. In-place rents average $847 against $875 market for the 2BRs and $995 for the 3BRs, and the 2 vacant units represent $1,750 per month at market. Utility reimbursements for water/sewer, trash, and lawn care recover about 88% of owner-paid utilities. Bucyrus is the Crawford County seat on the US-30 corridor, about an hour north of Columbus, with a manufacturing-anchored employment base supporting steady rental demand. Offering memorandum available upon request.