This property is Off-Market
3663 Cleveland Ave.
Columbus, OH 43224 ·
24 Units · Multifamily For Sale
|No. Units||24||Cap Rate||13.40%|
|Building Size||15,870 SF||No. Stories||3|
|Property Type||Multifamily||Year Built||1962|
|Property Sub-type||Garden/Low-Rise||Lot Size||21,135 SF|
|Property Use Type||Investment||Parking Ratio||1 / 1,000 SF|
|Listing ID: 17522623||Date Created: 02/08/2012||Last Updated: 03/23/2013|
The improvements consist of 2 buildings situated on a corner site of approximately 21,135 square feet. The 2 buildings house 24 one-bedroom garden apartments consisting of approximately 661 square feet each. Each apartment contains a living room, kitchen, dinette, a bedroom and a full bathroom. Each apartment is equipped with a gas range, refrigerator, garbage disposal, gas furnace, sleeve air-conditioning, ceiling fans and mini-blinds. The buildings were built in 1962.
The exterior of the structures is brick. The grounds are professionally landscaped. A parking lot with 24 parking places is located on the west side of the site.
Cleveland Oaks is located on the northeast side of Columbus at 3663 - 3669 Cleveland Avenue, on the west side of Cleveland Avenue and south of Morse Road. The northeast area of Franklin County has experienced rapid development with the completion of I-670 to the south of the property and with the development of New Albany to the northeast. In addition, the newly developed Easton at I-270 and Morse Road and the retail areas along Morse Road provide a good employment base for the area, which will result in increased demand for housing in the immediate vicinity.
Michael Hessenauer's Other Listings
1110 Goldeneye Drive
Blacklick, OH 43004
For Sale · $449,900
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