14 unit Apartment Portfolio Columbus Ohio

[Michael Hamby]

Property Address(es): 2589 Red Rock Boulevard, 2583 Red Rock Boulevard, 1718 River Bend Road

Parcel IDs: 570-108163-00, 570-107943-00, 570-167896-00

Property Class: C - Commercial

Land Use Code(s): 401 - APARTMENTS 4 TO 19 FAMILY,

Tax District(s): 570 - COLUMBUS-SOUTHWESTERN CSD

School District: 2511 - SOUTH WESTERN CSD

City/Village: COLUMBUS CITY

Zip Code(s): 43123

Property Asset Type: Multifamily

Number of Units: 14. 4 unit (2583 Red Rock), 4 unit (2589 Red Rock),

Building Size: 3,056 sq ft (2583 Red Rock), 3,056 Sq Ft (2589 Red Rock),

Price: $600,000

Price Per Unit: $600,000 / 14 units = $42,857.14

Occupancy Rate: 100% occupied

Number of Stories: 2 Stories

Year Built: 1976

Lot Size: 0.23 Acres (2583 Red Rock), 0.22 Acres (2589 Red Rock), 0.34 Acres (1718 River Bend)

Taxes: $6,523.76 (1718 River Bend), $4,147.04 (2589 Red Rock), $4,147.04 (2583 Red Rock)

Parking Ratio: Parking for 6 cars (2583 Red Rock), Parking for 6 cars (2589 Red Rock), Parking for 8 cars (1718 River Bend)

Gross Monthly Rent: $8,183 Per Month

Gross Annual Rent: $98,196

Property Description: 14 unit portfolio located in Southwestern School District. 2589 Red Rock Boulevard (4 unit), 2583 Red Rock Boulevard, and 1718 River Bend Road (6 unit) to be sold as a package. Currently 100% occupied with monthly rents equal to $8183 per month, or $98,196 on an annualized basis. Taxes most recent year $14,817.84 for entire portfolio. These garden style apartments were built in 1976. Current property management in place. Rent rolls available upon request. Curb offers only. Must have an accepted offer to view units. River Bend property units are all 2 bedroom, 1.5 baths. Red Rock (8 units) are all 2 bedroom, 1 baths. Per unit rents average $584.5.

Rent Rolls Available: (Yes) 

Income Reports Available: (Yes)

Expense Reports Available: (Yes) 

Capital Improvements Available Last 5 Years: (No)

Property Management In Place Already: (Yes)

Photos Provided Or Available: (Yes) 

Portolio / Package Sale or Willing to Subdivide: Package sale. Wants to sell all 3 buildings and 14 units together.

Multiparcel Sale: (Yes)