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1699 Shanley Dr
Columbus, OH 43224
Clear Point Gardens · Multifamily Property For Sale
·
604 Units
Property Facts
| No. Units | 604 | Building Size | 418,307 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | B | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 25.02 AC | ||
| Zoning | Z66-001, AR1, H-35 | ||
| No. Units | 604 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 25.02 AC |
| Building Size | 418,307 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | Z66-001, AR1, H-35 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Playground
- Pool
About 1699 SHANLEY DR , COLUMBUS, OH 43224
Capstone Apartment Partners is pleased to present Clear Point Gardens, a unique opportunity to acquire a 604-unit, value-add community in the thriving Northland submarket of Columbus, OH. The property is comprised of 33 two- and three-story buildings with a mix of flats and townhomes. The property is located on approximately 25 acres, and is surrounded by a multitude of retail and dining options. Clear Point Gardens has been extremely well-maintained, with $5,000,000+ in capital improvements over the past five years to address deferred maintenance as well as interior and exterior improvements. Current management then initiated a repositioning of the asset, which included interior renovations of over 25% of the units; thus, proving demand for higher quality finishes and the capacity for higher rents. Furthermore, Clear Point Gardens is exceptionally well-positioned within the thriving Columbus multi-family market, making this an exciting opportunity for either new investors looking to break into the market, or established owners wanting to grow their current footprint with this sizable value-add asset.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 284 | - | 554 - 576 |
| 2+1 | 188 | - | 709 - 736 |
| 2+2 | 40 | - | 860 |
| 3+2 | 92 | - | 926 - 1,047 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,567,710 | |
| Land Assessment | $452,730 | Total Assessment | $3,020,440 |
Property Taxes
