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1038 Lockbourne Rd 4 Unit Apartment Building $675,000 ($168,750/Unit) 9% Cap Rate Columbus, OH 43206

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EXECUTIVE SUMMARY

Four-unit apartment building conveniently located near I-70 and downtown. Two units currently occupied. Two units currently being updated. Off the street parking available for each unit. Total rents $6198 (fully-occupied, about a 9% CAP rate!). Separately-metered gas and electric. Spacious 3 bed/1 bath units, about 1,210 sq ft each (total above grade sf is 4,838).

PROPERTY FACTS

Price	$675,000	Building Class	C
Price Per Unit	$168,750	Lot Size	0.17 AC
Sale Type	Investment	Building Size	7,257 SF
Cap Rate	9%	Average Occupancy	100%
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1923/2021
Property Subtype	Apartment	Parking Ratio	0.55/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Commercial - Zoned 4-19 Units. Could potentially build on to rear lot. Please reach out to the city of Columbus zoning office for more information.

Price	$675,000
Price Per Unit	$168,750
Sale Type	Investment
Cap Rate	9%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	7,257 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1923/2021
Parking Ratio	0.55/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Commercial - Zoned 4-19 Units. Could potentially build on to rear lot. Please reach out to the city of Columbus zoning office for more information.