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Circleville Portfolio 117 Pontious Ln 90 Unit Apartment Building $6,850,000 ($76,111/Unit) Circleville, OH 43113
INVESTMENT HIGHLIGHTS
- Mix of townhomes and apartments
- 100% Occupied
- Average Rent $876, below market
- 25 Miles south of Columbus
EXECUTIVE SUMMARY
The properties in the Circleville Portfolio are located throughout Circleville, a city located about 25 miles south of Columbus. The 90 units are made up by apartments and townhomes, the unit mix consists of 39 one-bedroom, 33 two-bedroom, and 18 three-bedroom units.
The average rent for the portfolio is $876. The rent comparable analysis shows the current rents are below market, over $100 for the one-bedroom, about $97 for the two-bedroom and over $200 for the three-bedroom units. This confirms there is plenty of upside to still be achieved.
Circleville Portfolio is operating at 100% occupancy.
The average rent for the portfolio is $876. The rent comparable analysis shows the current rents are below market, over $100 for the one-bedroom, about $97 for the two-bedroom and over $200 for the three-bedroom units. This confirms there is plenty of upside to still be achieved.
Circleville Portfolio is operating at 100% occupancy.
PROPERTY FACTS
| Price | $6,850,000 | Building Class | C |
| Price Per Unit | $76,111 | Lot Size | 2.51 AC |
| Sale Type | Investment | Building Size | 80,000 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 90 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 0.65/1,000 SF |
| Apartment Style | Garden |
| Price | $6,850,000 |
| Price Per Unit | $76,111 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.51 AC |
| Building Size | 80,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 0.65/1,000 SF |
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PROPERTY TAXES
| Parcel Number | A05-1-035-00-018-00 | Improvements Assessment | $344,690 |
| Land Assessment | $52,310 | Total Assessment | $397,000 |
PROPERTY TAXES
Parcel Number
A05-1-035-00-018-00
Land Assessment
$52,310
Improvements Assessment
$344,690
Total Assessment
$397,000
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Circleville Portfolio | 117 Pontious Ln
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