117 Pontious Ln - Apartments FOR SALE


Circleville, OH 43113
$6,850,000 USD
614-313-0367
117 Pontious Ln, Circleville, OH for Sale
$6,850,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

117 Pontious Ln
Circleville, OH 43113


HIGHLIGHTS

  • Mix of townhomes and apartments
  • Average Rent $876, below market
  • 100% Occupied
  • 25 Miles south of Columbus

OVERVIEW

The properties in the Circleville Portfolio are located throughout Circleville, a city located about 25 miles south of Columbus. The 90 units are made up by apartments and townhomes, the unit mix consists of 39 one-bedroom, 33 two-bedroom, and 18 three-bedroom units. The average rent for the portfolio is $876. The rent comparable analysis shows the current rents are below market, over $100 for the one-bedroom, about $97 for the two-bedroom and over $200 for the three-bedroom units. This confirms there is plenty of upside to still be achieved. Circleville Portfolio is operating at 100% occupancy.

FOR SALE DETAILS

PRICE

$6,850,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

90

PRICE/UNIT

$76,111

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circleville Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

52

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,508 SF

ZONING

-

APN/PARCEL ID

A05-1-035-00-018-00

ASK ABOUT THIS PROPERTY

Paul McHughIncome Property OrganizationMore Info
614-313-0367

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Paul McHughIncome Property OrganizationMore Info
614-313-0367

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