58-78 N Sylvan Ave - Apartments FOR SALE


Columbus, OH 43204- North Hilltop
$2,500,000 USD
614-313-0367
58-78 N Sylvan Ave, Columbus, OH for Sale
$2,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

58-78 N Sylvan Ave
Columbus, OH 43204
North Hilltop


HIGHLIGHTS

  • Price: $2,500,000 / $69,444 per unit
  • 32 one-bed and 4 two-bed units
  • Average rents are $784 and $850, well below market rates
  • 97% Occupancy
  • Partially renovated, value-add potential

OVERVIEW

River Birch Apartments are located on Sylvan Road in the Greater Hilltop neighborhood in Columbus, Ohio. The complex was built in 1963. It consist of 3 buildings containing a total of 36 spacious apartments. The basements provide storage units and laundry facilities. The unit mix consists of 32 one-bedroom, one-bath and 4 two-bedroom, one-bath apartments measuring 600 and 700 square feet respectively.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

36

PRICE/UNIT

$69,444

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Birch Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

402

APN/PARCEL ID

010-065238

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.