This Multifamily Property is Off-Market.

3663 Cleveland Ave.
Columbus, OH 43224 ·

24 Units · Multifamily For Sale

N/A

Print

Cleveland Oaks

Price N/A Distressed Yes
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

Description

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.

Research

3663 Cleveland Ave., Columbus, OH 43224 (Franklin County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Columbus Market Trends - Asking price index trends, sale price trends, asking rent trends

Michael Hessenauer's Other Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)