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3235-3245 Sullivant Ave 3235-3245 Sullivant Ave 23 Unit Apartment Building $1,500,000 ($65,217/Unit) Columbus, OH 43204
Investment Highlights
- Excellent Location just five miles from downtown Columbus
- Value-Add Opportunity
- Average Rent $790, Below market
- Tenant-paid electric and gas
Executive Summary
The complex contains 23 one-bedroom, one-bath apartment units, each measuring 538 SF.
Currently Sullivant Ave is operating at 87% physical occupancy and has maintained
a strong occupancy level for many years.
19 of the 23 units have been renovated.
Current ownership has invested $200K in concrete and railings for the catwalks.
Currently Sullivant Ave is operating at 87% physical occupancy and has maintained
a strong occupancy level for many years.
19 of the 23 units have been renovated.
Current ownership has invested $200K in concrete and railings for the catwalks.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $65,217 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 15,731 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RC | ||
| Price | $1,500,000 |
| Price Per Unit | $65,217 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 15,731 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RC |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
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 | 23 | - | 538 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $173,430 | |
| Land Assessment | $21,320 | Total Assessment | $194,750 |
Property Taxes
Parcel Numbers
Land Assessment
$21,320
Improvements Assessment
$173,430
Total Assessment
$194,750
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3235-3245 Sullivant Ave | 3235-3245 Sullivant Ave
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