3670 Seabrook Ave - Apartments FOR SALE


Columbus, OH 43227- Linwood
$2,295,000 USD
330-600-1044
3670 Seabrook Ave, Columbus, OH for Sale
$2,295,000 USD
Apartments - FOR SALE
1/22
null | 7.81% Cap Rate

3670 Seabrook Ave
Columbus, OH 43227
Linwood


HIGHLIGHTS

  • 96.4% Occupied (27 of 28 Units)
  • Value-Add Upside — In-Place Rents Below Market and Metro Average
  • Fully Renovated Two-Building Asset — New Roofs, Entry Doors, Electrical Panels

OVERVIEW

Seabrook Apartments -- 28 units across two adjacent three-story brick buildings in southeast Columbus, offered at $2,295,000 ($81,964 per unit, $99.61 per SF). The mix is 16 one-bedroom/one-bath and 12 two-bedroom/one-bath flats totaling ±23,040 SF, built in 1971 and currently 96.4% occupied (27 of 28), with on-site surface parking. Ownership has completed the heavy lifting. Electrical panels have been replaced building-wide, all entry doors and concrete landings replaced, one roof replaced in full and the second half-replaced, and the majority of interiors renovated with shaker cabinetry, stone-look countertops, gas ranges, updated baths, and new flooring. Common areas were rebuilt throughout -- flooring, paint, stairwells, lighting, and doors -- with exterior improvements to the parking lot, fencing, and landscaping. Every unit has been submetered for individual water billing, moving more than $10,000 of annual water expense from ownership to residents. A new owner steps into a stabilized, largely renovated asset rather than a construction project, with the remaining upside in moving in-place rents toward market through ordinary turnover. Minutes from the Livingston Avenue and Hamilton Road corridors, with I-70 access and roughly seven miles to downtown Columbus. Offering memorandum available upon execution of a confidentiality agreement.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

28

PRICE/UNIT

$81,964

CAP RATE

7.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C

APN/PARCEL ID

010-101437,010-101438,010-101439,010-101440

ASK ABOUT THIS PROPERTY

Joey MillerForge Real Estate AdvisorsMore Info
330-600-1044

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Joey MillerForge Real Estate AdvisorsMore Info
330-600-1044

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