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Spiro Papa's profile image
Spiro Papa's profile image
Spiro Papa
  • Investor
  • from NYC
  • Member since Nov 14, 2018
  • Posts 10
  • Votes 15
  • Experience 9 Yrs
  • Investments 2

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10
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15
Votes
Spiro Papa's profile image
Spiro Papa's profile image
Spiro Papa
  • Investor
  • from NYC
  • Member since Nov 14, 2018
  • Posts 10
  • Votes 15
  • Experience 9 Yrs
  • Investments 2
Spiro Papa
  • Investor
  • NYC
15
Votes |
10
Posts
Buying & Selling Real Estate

Multifamily (Unit 4) for sale Columbus, Ohio

Spiro Papa
  • Investor
  • NYC
Posted

This my first investment in Columbus Ohio, its a property that I really DO NOT want to sell considering the money I put in. Additionally,  I have great tenants. However, looking to sale the property, this will be a 1031 exchange, using the profits for a 26 Unit. I would love to see the property go to good hands. Beautiful 4-unit in Old Oaks has exterior renovations including fenced yard, freshly painted exterior and camera system. 3 of the 4 units have been upgraded in the last year with kitchens, bathrooms, flooring, windows and central air. Two long-term tenants. All tenants below market rent. Rents should be $1100+ per unit as is. Many homes in the area have been rehabbed and value is increasing. Great opportunity for a condo conversion. Near Nationwide Children's Hospital and downtown. 

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    Zeke Liston's profile image
    Zeke Liston's profile image
    Zeke Liston
    • Real Estate Agent
    • from Columbus, OH
    • Member since Nov 19, 2018

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    Zeke Liston's profile image
    Zeke Liston's profile image
    Zeke Liston
    • Real Estate Agent
    • from Columbus, OH
    • Member since Nov 19, 2018
    Zeke Liston
    • Real Estate Agent
    • Columbus, OH
    1,553
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    Zeke Liston
    • Real Estate Agent
    • Columbus, OH
    Replied
    Originally posted by @Spiro Papa:

    This my first investment in Columbus Ohio, its a property that I really DO NOT want to sell considering the money I put in. Additionally,  I have great tenants. However, looking to sale the property, this will be a 1031 exchange, using the profits for a 26 Unit. I would love to see the property go to good hands. Beautiful 4-unit in Old Oaks has exterior renovations including fenced yard, freshly painted exterior and camera system. 3 of the 4 units have been upgraded in the last year with kitchens, bathrooms, flooring, windows and central air. Two long-term tenants. All tenants below market rent. Rents should be $1100+ per unit as is. Many homes in the area have been rehabbed and value is increasing. Great opportunity for a condo conversion. Near Nationwide Children's Hospital and downtown. 

     I've seen this property, great job on the renovations! 

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