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River Birch Apartments 58-78 N Sylvan Ave 36 Unit Apartment Building $2,500,000 ($69,444/Unit) Columbus, OH 43204
Investment Highlights
- Price: $2,500,000 / $69,444 per unit
- Average rents are $784 and $850, well below market rates
- Partially renovated, value-add potential
- 32 one-bed and 4 two-bed units
- 97% Occupancy
Executive Summary
River Birch Apartments are located on Sylvan Road in the Greater Hilltop
neighborhood in Columbus, Ohio. The complex was built in 1963. It consist of 3
buildings containing a total of 36 spacious apartments. The basements provide
storage units and laundry facilities. The unit mix consists of 32 one-bedroom,
one-bath and 4 two-bedroom, one-bath apartments measuring 600 and 700
square feet respectively.
neighborhood in Columbus, Ohio. The complex was built in 1963. It consist of 3
buildings containing a total of 36 spacious apartments. The basements provide
storage units and laundry facilities. The unit mix consists of 32 one-bedroom,
one-bath and 4 two-bedroom, one-bath apartments measuring 600 and 700
square feet respectively.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $69,444 | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 28,798 SF |
| No. Units | 36 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Zoning | 402 - Apartments 20 to 39 Family | ||
| Price | $2,500,000 |
| Price Per Unit | $69,444 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 28,798 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | 402 - Apartments 20 to 39 Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 527 |
| 2+1 | 12 | - | 527 |
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 010-065238 | Improvements Assessment | $277,520 |
| Land Assessment | $40,500 | Total Assessment | $318,020 |
Property Taxes
Parcel Number
010-065238
Land Assessment
$40,500
Improvements Assessment
$277,520
Total Assessment
$318,020
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River Birch Apartments | 58-78 N Sylvan Ave
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