2483-2539 Courtright Rd - Apartments FOR SALE


Columbus, OH 43232- Glenbrook
$1,650,000 USD
330-600-1044
2483-2539 Courtright Rd, Columbus, OH for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

2483-2539 Courtright Rd
Columbus, OH 43232
Glenbrook


OVERVIEW

Well-Located East Columbus Asset: The property is a 24-unit apartment community located at 2483–2539 Courtright Rd, offering investors a well-positioned multifamily asset in a stable and accessible area of southeast Columbus. Desirable One-Bedroom Unit Mix: The property is comprised entirely of 24 one-bedroom/one-bathroom units with efficient and functional layouts that appeal to a wide range of renters seeking affordable and practical living options. Immediate Value-Add Potential: Several units are currently vacant, providing a new owner the ability to immediately begin renovations and implement their value-add strategy without significant tenant disruption. Operational Upside: The property presents an opportunity to increase revenue through unit upgrades, improved management, and bringing rents in line with market levels as renovated units are leased. Efficient Multifamily Scale: With 24 units under one ownership, the property offers operational efficiencies and economies of scale while remaining a manageable asset size for investors. Compelling Investment Opportunity: With a clean unit mix, immediate renovation potential, and clear pathways for revenue growth, the property presents investors with a strong value-add opportunity and the ability to quickly execute their business plan.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

24

PRICE/UNIT

$68,750

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village On Courtright

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

N/Av, Columbus

APN/PARCEL ID

010-013748

ASK ABOUT THIS PROPERTY

Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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