16-UNIT MULTIFAMILY PROPERTY FOR SALE
100% occupied 16 unit apartment offering in the Grandview/Upper Arlington market. Complete interior renovation within the past 12 month period. Highly desirable and turnkey investment. Room for immediate & future rent growth. Current rents between $1,000 - $1,350 per unit. Improvements include; a) kitchen: enlarged kitchen, tile flooring, counter tops, cabinets, tile backplace, fixtures, paint, washer/dryer & stainless steel appliances; b) Bathroom: tile floor, new fixtures, shower, paint and backsplash; c) living room: carpet, paint/flooring, light fixtures; and d) mechanicals: updated furnaces and new AC unit installation. Listing agent has an ownership interest in the subject properties.
| Property Type | Multi-Family |
|---|---|
| Property Use | Other Residential |
| Year Built | 1961 |
| Renovated Year | 2001 |
| Level Number | 2 |
| Lot Dimensions | 120'x160' |
| Sub-Lease | 16 |
| Zoning | 808, Multi-family, AR1, 4/12/1959, H-35 |
| Cap Rate Percentage | 5.67 |
| Average Daily Rate | 100 |
| Listing ID | 9NFCNS |
| Style | Multi-Family (5-20 Units) |
| Building Size | 13,340 SF |
| Lot Size | 0.44 AC |
Area Description: This property is located on North Star Avenue between Northwest Blvd and King Ave. It is north of Grandview Heights, west of Upper Arlington, and south of Ohio State's campus. It has 4,432 AADT.
Region: Midwest United States
Region: North America
Region: North Columbus
Region: Central Ohio
| Parking Places: | 16 |