New South FL-Based Investor Targeting Stabilized 4+ Unit Multifamily in Columbus, OH

[Kevin Kreutzfeld]

Hello Everyone! I’m based in Coastal South Florida where cap rates and insurance costs have gotten tough — plus hurricane risk doesn’t help. I’m originally from Ohio and looking to diversify into the Columbus/Dayton market.

I’m targeting stabilized 4+ unit multifamily between $800k - $2M (no heavy rehabs) in Grandview Heights, 5th by Northwest, German Village, and Short North. My goal is a 6–8% cash-on-cash return with long-term appreciation. Perhaps if there are any investors here who are looking to exit a flip - I would consider! 

Looking for recommendations on a good multifamily broker and property manager in Columbus, and any insight on submarkets you think are best for stable rent growth and long-term value.

Appreciate any advice or connections — thanks in advance!

[Kerlous Tadres]

Quote from @Kevin Kreutzfeld:

Hello Everyone! I’m based in Coastal South Florida where cap rates and insurance costs have gotten tough — plus hurricane risk doesn’t help. I’m originally from Ohio and looking to diversify into the Columbus/Dayton market.

I’m targeting stabilized 4+ unit multifamily between $800k - $2M (no heavy rehabs) in Grandview Heights, 5th by Northwest, German Village, and Short North. My goal is a 6–8% cash-on-cash return with long-term appreciation. Perhaps if there are any investors here who are looking to exit a flip - I would consider! 

Looking for recommendations on a good multifamily broker and property manager in Columbus, and any insight on submarkets you think are best for stable rent growth and long-term value.

Appreciate any advice or connections — thanks in advance!

Hey Kevin, welcome to BP! I grew up here in Columbus, and it’s definitely doable to find 4+ units hitting 6%+ cap rates. I’ve got a few solid property manager contacts and local resources that could really help you out as you start looking