$3,200,000 $21,290 est/mo Sourced by Back At You
3641 Eakin Road , Columbus, OH 43204
Columbus, OH 43204
Description
This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
Details
| MLS# | 223025552 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1963 |
| Days On Site | 423 |
| Listing Provided By | Keller Williams Capital Ptnrs | Bryan C Jarrett |
Features
| Units | 36 |
|---|---|
| Acreage | 0.20 |
Market Activity 43204
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Learn More About This Property
| State | OH |
|---|---|
| County | Franklin |
| City | Columbus |
| Zip Code | 43204 |
| Community Name | Westgate Terrace |
| School District | COLUMBUS CSD 2503 FRA CO. |
| Listing VS Median (in Westgate Terrace) | |
Price: $3,200,000 low | high Med: $0 On Site: 423 low | high Med: | |
Listing Updated: October 4, 2024 at 11:55:10 AM PDT