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Powell Crossing | Assumable Loan 67 Woodsedge Dr 64 Unit Apartment Building For Sale Powell, OH 43065
Investment Highlights
- Loan is assumable at a 3.32% Interest-Only (IO) rate until 11/1/2027 then a 3.32% Principle and Interest until 10/01/2035.
- Strong occupancy and proven cash flow provide immediate income stability, while assumable financing enhances returns and reduces capital costs.
- Powell Crossing's 64 one- and two-bedroom units align with 5-mile demographics, where 56% of households are comprised of one or two residents.
- Powell Crossing is a walkable community in the Olentangy Local School District, where residents are within walking distance to Old Downtown Powell.
- This pet-friendly community is within walking distance to local parks, shops, and restaurants, providing an immersive tenant experience in Powell.
- Quality shopping centers in convenient proximity for residents to access include Liberty Town Center, Village Pointe, and Powell Center.
Executive Summary
Acquire a well-maintained, 64-unit garden-style apartment community with attractive assumable financing, delivering immediate cash-flow stability and compelling long-term upside.
Powell Crossing, at 67 Woodsedge Drive, presents a top-notch apartment community in the affluent Columbus suburb of Powell, Ohio. Ideally positioned in quiet, comfortable proximity to everything the Historic Old Powell District offers, the property provides residents with a highly walkable lifestyle.
Featuring modern one- and two-bedroom floor plans with 10-foot ceilings, stainless steel appliances, quartz countertops, and spacious closets, the community is well-positioned to attract and retain a consistent resident base.
Surrounded by major retail destinations, recreational amenities including the Columbus Zoo and Highbanks Metro Park, and within minutes of both Powell and Dublin's employment and lifestyle hubs, the asset offers durable renter demand and long-term income stability. With a combination of strong location fundamentals, modern construction, and broad demographic appeal, Powell Crossing represents a captivating investment opportunity for buyers seeking reliable cash flow and future appreciation in one of Central Ohio's most desirable suburban markets.
Ownership is currently accepting LOI's for this property. As the LOI process continues, ownership will let the market determine the sales price point. The loan is assumable at a 3.32% Interest-Only (IO) rate, with a maturity date of 10/01/2035. Please note that the trailing 12-month income and expense statement and rent roll will both be provided for review in the Data Room of this advertisement.
For any questions and/or LOI submissions, please submit to ColumbusOhioApartments4Sale@gmail.com.
Powell Crossing, at 67 Woodsedge Drive, presents a top-notch apartment community in the affluent Columbus suburb of Powell, Ohio. Ideally positioned in quiet, comfortable proximity to everything the Historic Old Powell District offers, the property provides residents with a highly walkable lifestyle.
Featuring modern one- and two-bedroom floor plans with 10-foot ceilings, stainless steel appliances, quartz countertops, and spacious closets, the community is well-positioned to attract and retain a consistent resident base.
Surrounded by major retail destinations, recreational amenities including the Columbus Zoo and Highbanks Metro Park, and within minutes of both Powell and Dublin's employment and lifestyle hubs, the asset offers durable renter demand and long-term income stability. With a combination of strong location fundamentals, modern construction, and broad demographic appeal, Powell Crossing represents a captivating investment opportunity for buyers seeking reliable cash flow and future appreciation in one of Central Ohio's most desirable suburban markets.
Ownership is currently accepting LOI's for this property. As the LOI process continues, ownership will let the market determine the sales price point. The loan is assumable at a 3.32% Interest-Only (IO) rate, with a maturity date of 10/01/2035. Please note that the trailing 12-month income and expense statement and rent roll will both be provided for review in the Data Room of this advertisement.
For any questions and/or LOI submissions, please submit to ColumbusOhioApartments4Sale@gmail.com.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 6.98 AC |
| No. Units | 64 | Building Size | 67,091 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | B | Parking Ratio | 2.57/1,000 SF |
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.98 AC |
| Building Size | 67,091 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2020 |
| Parking Ratio | 2.57/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Family Room
- Island Kitchen
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Picnic Area
- Tenant Controlled HVAC
- Grill
- On-Site Retail
- Pet Play Area
- Smoke Free
- Trash Pickup - Door to Door
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Car Charging Station
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 724 |
| 2+2 | 48 | - | 1,034 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 319-432-02-002-001 | Improvements Assessment | $2,329,010 |
| Land Assessment | $496,230 | Total Assessment | $2,825,240 |
Property Taxes
Parcel Number
319-432-02-002-001
Land Assessment
$496,230
Improvements Assessment
$2,329,010
Total Assessment
$2,825,240
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Powell Crossing | Assumable Loan | 67 Woodsedge Dr