4090-4096 Cleveland Ave - Apartments FOR SALE


Columbus, OH 43224
$5,400,000 USD
614-348-7876
4090-4096 Cleveland Ave, Columbus, OH for Sale
$5,400,000 USD
Apartments - FOR SALE
1/19
null | 5.57% Cap Rate

4090-4096 Cleveland Ave
Columbus, OH 43224


HIGHLIGHTS

  • ALL Brick Two Bedroom Townhomes
  • Great North suburban location
  • Great visibility, convenient location

OVERVIEW

Morse Creek Commons, Columbus, Ohio. 70 - Two Bedroom Townhomes. Super high rental demand. Long term Owner/Seller with long term tenants. All brick exterior. Plenty of off street parking. Suburban location on popular north Columbus location. High visibility. Currents rents are super low and there is plenty of upside potential. Current rents average only $740 per month. Average in area is $975 to $1025 per month. Potential for much higher income if repairs are attended to. The property needs cosmetic upgrades and other repairs which will boost rents to area standards. This is a value-add opportunity. Please call or email for more information. Thanks!

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

70

PRICE/UNIT

$77,143

CAP RATE

5.57%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morse Creek Commons

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

ARLD

APN/PARCEL ID

010-012830

ASK ABOUT THIS PROPERTY

Thomas FortinThomas Fortin & Company, Inc.More Info
614-348-7876

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Thomas FortinThomas Fortin & Company, Inc.More Info
614-348-7876

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