HUGE OPPORTUNITY! 121 Unit Apt - Value-Add in Columbus, OH

[Derek Overcashier]

**OFF MARKET**    Need to Act Fast     PROFIT POTENTIAL OF $2M+! 

Opportunity to acquire and renovate 121 unit apartment complex in Columbus, OH. 

• Seeking Investor Buyer or Funding Partner
• 121 Unit Apartment Complex - 100% Vacant (Short Sale situation) – Needs stabilized
• Located in highly desirable MSA market of Columbus, Ohio where market experts are projecting a population growth of more than 1 million people in the next few years.
• Built in 1983, 17 single-story ranch style buildings on 6.82 acres
• Unit mix of (5) Studio, (107) 1 Bedroom and (9) 2 Bedroom units (Potential to modify if desired)
• Middle Class Area with market rents of $500, $625 and $725 respectively per month.

• Closing Date:                     October 12, 2018
• Purchase Price:                $1,300,000 ($10,743/unit)
• NOI (Stabilized): $507,586
• Cash Flow Potential (Yr) $297,586
• Value (Stabilized):            $5,200,000 ($43,000/unit - Based on recently sold similar comps)
• Est. Profit/Equity:             $2,000,000+
• Additional details of property condition available upon request. Photos available.
• Serious Inquiries Only.

For more information on this deal, CLICK HERE

Please message me if interested or contact:

Tarry Summers

[email protected]

614-226-3329