AO III Community Complex, LLC, has a very unique opportunity in our Villas at Worthington located in Alexandria, Ohio. Here are some basic facts about the development.
AO III Community Complex LLC, is seeking a $300,000 dollar equity investment or donation For the development completion. This development will consist of 300 units of One Bedroom and Two bedroom apartments to house Veterans with PTSD, Disabilities and Limitations. This development will include a Leasing Office Building, Records Building, Admin Building and a Transportation Building. The total footprint is 320,000 square feet. The amenities of the development are exercise rooms, movie area, computer rooms, Laundry, swimming pool, club house and park pavilion. The Columbus Metropolitan Housing Authority "CMHA" will assist in the rental income of this development.
The site for this development is 330.491 acres of farmland. 25 acres will be used in the first phase of development for The Villas at Worthington. The remaining acres will be used for future Commercial Development ( Retail, Business Complex, Medical Complex, Restaurants.) The Median Household income in the area is 75,000.00.
The Villas at Worthington primary operations is to provide rental units to Veterans with PTSD, Disabilities and Limitations. This operation will also provide home health care for it's residents . The operations will generate a revenue stream that is twofold rental and health care. The Villas at Worthington expect a future growth rate of 3% to 5% per year.