3235-3245 Sullivant Ave - Apartments FOR SALE


Columbus, OH 43204- Southwest Hilltop
$1,500,000 USD
614-313-0367
3235-3245 Sullivant Ave, Columbus, OH for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3235-3245 Sullivant Ave
Columbus, OH 43204
Southwest Hilltop


HIGHLIGHTS

  • Excellent Location just five miles from downtown Columbus
  • Average Rent $790, Below market
  • Value-Add Opportunity
  • Tenant-paid electric and gas

OVERVIEW

The complex contains 23 one-bedroom, one-bath apartment units, each measuring 538 SF. Currently Sullivant Ave is operating at 87% physical occupancy and has maintained a strong occupancy level for many years. 19 of the 23 units have been renovated. Current ownership has invested $200K in concrete and railings for the catwalks.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

23

PRICE/UNIT

$65,217

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3235-3245 Sullivant Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

RC

APN/PARCEL ID

010-034156,010-034157,010-034158,010-034159

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.