595 E Broad St - Apartments FOR SALE


Columbus, OH 43215- Discovery District
$3,000,000 USD
202-510-2689
595 E Broad St, Columbus, OH for Sale
$3,000,000 USD
Apartments - FOR SALE
1/53
null | 5.6% Cap Rate

595 E Broad St
Columbus, OH 43215
Discovery District


HIGHLIGHTS

  • Fully Renovated Unit Interiors - The property offers a complete set of upgraded units, with every apartment renovated to modern standards
  • Existing 12-Year Tax Abatement
  • Seller Financing Opportunity - For qualified purchasers, Seller is willing to carryback financing and is open to flexible terms
  • Location & Strong Market Fundamentals
  • Economic Tailwinds

OVERVIEW

This fully renovated multifamily asset offers turnkey stability with modernized units that support premium rents, strong leasing velocity, and minimal near-term capital needs. This asset is unique in that it's historically proven to support multiple business plans to include short term, mid-term and conventional revenue models. A 12-year tax abatement enacted in 2023 sharply reduces operating expenses and enhances cash flow throughout the hold period. For qualified purchasers, Seller is offering carryback financing with flexible terms, creating a more efficient capital structure and lowering the required equity at closing. This location, given its proximity to both the Broad St Corridor and Parsons Ave Corridor capital improvement plans, further supports stability of location and long-term growth projections.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

18

PRICE/UNIT

$166,667

CAP RATE

5.6%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Broad

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

DD

APN/PARCEL ID

010-000121

ASK ABOUT THIS PROPERTY

Matthew DraneVerti Commercial Real EstateMore Info
202-510-2689

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Matthew DraneVerti Commercial Real EstateMore Info
202-510-2689

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