2448-2465 Hampstead Dr
Columbus, OH 43229
Ben Dougan Apartments · Multifamily Property For Sale · 16 Units

Charles Hart Real Estate is pleased to present Ben Dougan Apartments, a 16 unit apartment building located in Columbus, Ohio. The property was originally built in 2008 and is comprised of four residential buildings nestled on .963 acres. Ben Dougan provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential. Ben Dougan consists of all-electric one-bedroom townhouse floor plans that provide 652 square feet of living space. Unit features include an individual entrance, a fully equipped kitchen and in unit washer/dryers. Residents are responsible for paying the electric and the owner is responsible for the water/sewer and trash removal but bills the tenant a flat fee of $25-$45. The community, which is situated in a park-like setting, offers plentiful surface parking. Ben Dougan is conveniently located in Columbus off of Cleveland Avenue and is less than a mile from I-270. With easy access to numerous major thoroughfares, residents are only minutes from the area’s employment, shopping and dining options. Additionally, the provides easy access to retail corridors on Cleveland Avenue and E Dublin Granville Rd. A new owner can take over with immediate cash flow and quickly add value by increasing rents which average $123 below market. Offered free and clear of existing debt, an investor can take advantage of the capital markets and secure new financing which will enable strong cash flow with room for continued growth.