602 E Town St - Apartments FOR SALE


Columbus, OH 43215
$2,650,000 USD
614-221-4286
602 E Town St, Columbus, OH for Sale
$2,650,000 USD
Apartments - FOR SALE
1/9
null | 5.61% Cap Rate

602 E Town St
Columbus, OH 43215


HIGHLIGHTS

  • UNIQUE DEVELOPMENT OPPORTUNITY
  • APPROVED PLANS FOR ADDITIONAL 24 UNITS
  • UNDERGROUND PARKING
  • GREAT DOWNTOWN COLUMBUS LOCATION

OVERVIEW

14-UNIT APARTMENT COMPLEX WITH APPROVED PLAN FOR AN ADDITIONAL 24 UNITS! Rare opportunity to acquire 14 units downtown with approved plans for an additional 24 units on the rear of the site. Existing rents are below market allowing a value-add opportunity on the 14 units while new construction occurs on the back. Underground parking in the current 14-unit complex provides a great amenity for the units. This is minutes from the heart of Downtown Columbus in a booming submarket filled with young professionals. Incredible value-add opportunity! See proposed property on the same parcel for the 24 unit multi-family building.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

14

PRICE/UNIT

$189,286

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Units Approved Plan For Additional 24 Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,409 SF

ZONING

DD

APN/PARCEL ID

010-026431

ASK ABOUT THIS PROPERTY

Alex MarshThe Robert Weiler CompanyMore Info
614-221-4286

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Alex MarshThe Robert Weiler CompanyMore Info
614-221-4286

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