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Riverview Apartments 2 Multifamily Properties Offered at $4,850,000 in Columbus, OH
INVESTMENT HIGHLIGHTS
- Newly renovated Riverview Apartments
- Each one- and two-bedroom unit has been completely updated with high-end finishes
- Cap Rate 9.1%
- Situated just minutes from Ohio State University with easy access to campus, downtown Columbus, shopping, dining, and major highways
- Located in an Opportunity Zone
EXECUTIVE SUMMARY
Discover Riverview Apartments, a newly renovated community situated off Olentangy River Road, just minutes from Ohio State University, one of the largest universities in the country. This prime location provides easy access to campus, downtown Columbus, shopping, dining, and major highways. Each one- and two-bedroom unit has been completely updated with high-end finishes, including granite countertops, new flooring, modern cabinetry, upgraded lighting, and in-unit washer and dryers for ultimate convenience. Designed to appeal to students and young professionals, Riverview Apartments offer both comfort and style in a thriving neighborhood. An exceptional
investment opportunity, Riverview Apartments are in an Opportunity Zone, making buyers eligible for a tax credit equal to 10% of the purchase price. Additionally, below-market rents are currently in place, providing significant upside for organic rent growth. Don’t miss this chance to own prime real estate in a high-demand market. Contact us today for more details or to schedule a tour!
investment opportunity, Riverview Apartments are in an Opportunity Zone, making buyers eligible for a tax credit equal to 10% of the purchase price. Additionally, below-market rents are currently in place, providing significant upside for organic rent growth. Don’t miss this chance to own prime real estate in a high-demand market. Contact us today for more details or to schedule a tour!
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $4,850,000 | Number of Properties | 2 |
| Price / SF | $248.87 / SF | Individually For Sale | 0 |
| Cap Rate | 9.10% | Total Building Size | 19,488 SF |
| Sale Type | Investment | Total Land Area | 1.02 AC |
| Status | Active |
| Price | $4,850,000 |
| Price / SF | $248.87 / SF |
| Cap Rate | 9.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,488 SF |
| Total Land Area | 1.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 567-581 Riverview Dr, Columbus, OH 43202 | Multifamily | 12,960 SF | 1965 | - |
|
Riverview Apartments
557 Riverview Dr, Columbus, OH 43202 |
Multifamily | 6,528 SF | 1965 | - |
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