515 Riverview Dr | Columbus, OH 43202
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- LoopNet Team
515 Riverview Dr
Columbus, OH 43202
Riverview Square · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Value-Add Upside – Four (4) units are currently occupied by long-term tenants
- Sub-Meter Potential – Sub-metering would allow new owner to pass-through utility costs to tenants and reduce operating expenses
- The property boasts historically high occupancy and maintains a waitlist, underscoring its desirability and rental stability
- Investors can potentially benefit from substantial tax advantages, including capital gains deferral and long-term tax exemptions
- Recent Renovations – Twenty (20) units have been renovated within the past 5 years
PROPERTY FACTS
| No. Units | 24 | Building Size | 16,656 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2020 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.53 AC | ||
| Zoning | ARO, Columbus | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 16,656 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | ARO, Columbus |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 569 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $492,940 | |
| Land Assessment | $78,750 | Total Assessment | $571,690 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,750
Improvements Assessment
$492,940
Total Assessment
$571,690
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