16-20 W Park St - Apartments FOR SALE


Westerville, OH 43081- Uptown Westerville
$2,000,000 USD
202-510-2689
16-20 W Park St, Westerville, OH for Sale
$2,000,000 USD
Apartments - FOR SALE
1/75
null | 7.58% Cap Rate

16-20 W Park St
Westerville, OH 43081
Uptown Westerville


HIGHLIGHTS

  • 13 Units
  • Diverse Unit Mix: Studio, 1 and 2 Bedroom Units
  • Prime Investment Opportunity
  • Attractive Downtown Westerville Location

OVERVIEW

Introducing a prime investment opportunity in the sought-after Westerville area at 16 West Park Street, Westerville, OH, 43081. This multifamily/mid-rise property offers a strategic location, providing residents with convenient access to local amenities and a desirable living experience. With modern amenities, spacious floor plans, and an attractive curb appeal, this property is poised to deliver strong returns for the discerning multifamily/mid-rise investor. Take advantage of this opportunity to own a well-positioned asset in the thriving Westerville area, offering the potential for long-term growth and profitability. Discover the vibrant community surrounding the property at 16 West Park Street, Westerville, OH, 43081. Situated in the heart of Westerville, this location offers easy access to a charming historic district, numerous dining options, and picturesque parks such as Alum Creek Park and Blendon Woods Metro Park. Nearby, you'll find Otterbein University, a hub of educational and cultural activities. With its convenient proximity to major roadways and a thriving local economy, Westerville is an excellent choice for an Office / Office Building investor seeking a dynamic and inviting environment for their next venture.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

13

PRICE/UNIT

$153,846

CAP RATE

7.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,424 SF

ZONING

UD, Uptown District

APN/PARCEL ID

080-000331

ASK ABOUT THIS PROPERTY

Matthew DraneVerti Commercial Real EstateMore Info
202-510-2689

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Matthew DraneVerti Commercial Real EstateMore Info
202-510-2689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.