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Executive Summary

Well-Located East Columbus Asset: The property is a 24-unit apartment community
located at 2483–2539 Courtright Rd, offering investors a well-positioned multifamily
asset in a stable and accessible area of southeast Columbus.
Desirable One-Bedroom Unit Mix: The property is comprised entirely of 24
one-bedroom/one-bathroom units with efficient and functional layouts that appeal to a
wide range of renters seeking affordable and practical living options.
Immediate Value-Add Potential: Several units are currently vacant, providing a new
owner the ability to immediately begin renovations and implement their value-add
strategy without significant tenant disruption.
Operational Upside: The property presents an opportunity to increase revenue through
unit upgrades, improved management, and bringing rents in line with market levels as
renovated units are leased.
Efficient Multifamily Scale: With 24 units under one ownership, the property offers
operational efficiencies and economies of scale while remaining a manageable asset
size for investors.
Compelling Investment Opportunity: With a clean unit mix, immediate renovation
potential, and clear pathways for revenue growth, the property presents investors with a
strong value-add opportunity and the ability to quickly execute their business plan.

Property Facts

Price $1,650,000
Price Per Unit $68,750
Sale Type Investment
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.46 AC
Building Size 16,632 SF
Average Occupancy 66%
No. Stories 2
Year Built 1980
Parking Ratio 1.58/1,000 SF
Zoning N/Av, Columbus

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet
  • Patio

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 24 - 693
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
010-013748
Land Assessment
$27,790
Improvements Assessment
$215,920
Total Assessment
$243,710
  • Listing ID: 39957555

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 2483-2539 Courtright Rd, Columbus, OH 43232

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