100-203 Raine St - Apartments FOR SALE


Pickerington, OH 43147
$4,800,000 USD
614-595-2752
100-203 Raine St, Pickerington, OH for Sale
$4,800,000 USD
Apartments - FOR SALE
1/13
null | 4.99% Cap Rate

100-203 Raine St
Pickerington, OH 43147


HIGHLIGHTS

  • Stable Cash Flow, Value-Add Potential with Additional Acreage and Strong Demographic Growth
  • 12 Duplexes (24 Units) Spanning 7.93 Acres in the Heart of Pickerington
  • 16 Units are 2BR / 1BA | 900 Square Feet Each
  • 8 Units are 2BR / 1.5BA | 1,038 Square Feet Each
  • All Units Include a Full Basement
  • Schools, Public Library, and Retail District All Located Within 2 Miles

OVERVIEW

The property at 100-203 Raine Street in Pickerington, Ohio, is ideally situated for convenient living. It's close to several schools, including Heritage Elementary, Pickerington Ridgeview Junior High, and Pickerington High School Central, making it perfect for families with children. For shopping and dining, residents have easy access to Pickerington Village, Giant Eagle Supermarket, and The Shoppes at Turnberry. Additionally, the area offers various amenities such as the Pickerington Public Library and Sycamore Creek Park, providing ample opportunities for recreation and community engagement. This blend of educational institutions, retail options, and recreational facilities makes the location highly desirable.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

24

PRICE/UNIT

$200,000

CAP RATE

4.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntwork Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

72

LAND DETAILS

LAND ACRES

7.93 AC

LAND SF

345,431 SF

ZONING

PR12

APN/PARCEL ID

04-10265-110,04-10265-120,04-10274-800,04-10274-900,04-10400-300,04-10400-400,04-10400-500,04-10400-600,04-10516-300,04-10516-400,04-10516-500,04-10516-600

ASK ABOUT THIS PROPERTY

Chad BoggsNAI Ohio Equities LLCMore Info
614-595-2752

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Chad BoggsNAI Ohio Equities LLCMore Info
614-595-2752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.