facebook
Traded Co logo
Submit
Daily limit: 0/10

Colarusso Properties LLC Acquires Multifamily Property In Paulding From Covington Properties LLC For $2.9M

Property Image
SOLD
$2,900,000
Austin Meeker
Aaron Kuroiwa
Teddy Kenny

Ohio

See Similar Deals
MultiFamily
Sold 10/31/2025
the dealplayerscompscontact
Property Image
SOLD

Colarusso Properties LLC Acquires Multifamily Property In Paulding From Covington Properties LLC For $2.9M

1001 West Wayne Street

See Similar Deals
MultiFamily
Sold 10/31/2025
Austin Meeker
Aaron Kuroiwa
Teddy Kenny
the dealplayerscompscontact
Contact now

Summary

OHIO
Asset Type:MultiFamily
Transaction Type:Sale

The sale involved a multifamily property located at 1001 West Wayne Street in Paulding, Ohio. The transaction was completed on October 31, 2025, with a sale price of $2,900,000 for the property, which includes 48 units. The price per unit was recorded at $60,417.

Summary of transaction details:

Marcus & Millichap brokered the sale of Whispering Pines, which also comprises 67 self-storage units. Teddy Kenny, Aaron Kuroiwa, and Austin Meeker acted as the representatives for Covington Properties LLC in this transaction, successfully securing the buyer, Colarusso Properties LLC.

Players

Aaron Kuroiwa
Marcus & Millichap
Aaron Kuroiwa
10 deals$111.5M volume
BROKER
Austin Meeker
Marcus & Millichap
Austin Meeker
5 deals$76.1M volume(317) 218-5349
BROKER
Teddy Kenny
Marcus & Millichap
Teddy Kenny
1 deal$2.9M volume(317) 218-5365
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 10/31/2025 ADDRESS: 1001 West Wayne Street MARKET: Paulding, OH ASSET TYPE: Multifamily BUYER: Colarusso Properties LLC SELLER: Covington Properties LLC BROKERS: Teddy Kenny, Aaron Kuroiwa & Austin Meeker - Marcus & Millichap SALE PRICE: $2,900,000 UNITS: 48 ~ PPU: $60,417 NOTE: Marcus & Millichap brokered the $2.9 million sale of Whispering Pines, a 48-unit multifamily property with 67 self-storage units in Paulding, Ohio.Teddy Kenny, Aaron Kuroiwa, and Austin Meeker represented the seller, Covington Properties LLC, and secured the buyer, Colarusso Properties LLC.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75