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14 Units Approved Plan For Additional 24 Unit 602 E Town St 14 Unit Apartment Building $2,200,000 ($157,143/Unit) Columbus, OH 43215
INVESTMENT HIGHLIGHTS
- UNIQUE DEVELOPMENT OPPORTUNITY
- UNDERGROUND PARKING
- APPROVED PLANS FOR ADDITIONAL 24 UNITS
- GREAT DOWNTOWN COLUMBUS LOCATION
EXECUTIVE SUMMARY
Rare opportunity to acquire 14 units downtown with approved plans for an additional 24 units on the rear of the site. Existing rents are below market allowing a value-add opportunity on the 14 units while new construction occurs on the back. Underground parking in the current 14-unit complex provides a great amenity for the units. This is minutes from the heart of Downtown Columbus in a booming submarket filled with young professionals. Incredible value-add opportunity! See proposed property on the same parcel for the 24 unit multi-family building.
PROPERTY FACTS
| Price | $2,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $157,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.74 AC |
| No. Units | 14 | Building Size | 12,702 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1932 |
| Zoning | DD - Downtown District | ||
| Price | $2,200,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 12,702 SF |
| No. Stories | 2 |
| Year Built | 1932 |
| Zoning | DD - Downtown District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 712 |
| 2+2 | 7 | - | 1,038 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 010-026431 | Improvements Assessment | $102,520 |
| Land Assessment | $170,210 | Total Assessment | $272,730 |
PROPERTY TAXES
Parcel Number
010-026431
Land Assessment
$170,210
Improvements Assessment
$102,520
Total Assessment
$272,730
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14 Units Approved Plan For Additional 24 Unit | 602 E Town St
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