369 S 17th St | Columbus, OH 43205
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369 S 17th St
Columbus, OH 43205
Residential Property For Sale · 10 Units
Executive Summary
Access financials here: https://buildout.com/connect/sharing/corporate-leased-apartment-complex-near-childrens-hospital-369-s-17th-st-columbus-oh-43205?view_locked_docs=true
Now available for sale, this 10-unit apartment complex located at 369 S 17th St presents a lucrative investment opportunity.
Owner will entertain all offers including creative financing.
The property is 100% occupied, primarily under corporate or agency leases, which ensures a stable tenant base with minimal turnover and yields a 7.2% cap rate.
These well-maintained units require no immediate repairs, and there's an opportunity to retain the current management to ensure a seamless transition and ongoing operational efficiency.
Strategically situated across from Nationwide Children's Hospital, the property benefits from excellent accessibility to Downtown Columbus and major thoroughfares like E Main St, E Livingston Ave, I-70, and I-71. This location not only enhances tenant appeal but also ensures sustained demand.
Additional features include ample parking and great curb appeal, making this property an attractive and hassle-free addition to any real estate portfolio.
Now available for sale, this 10-unit apartment complex located at 369 S 17th St presents a lucrative investment opportunity.
Owner will entertain all offers including creative financing.
The property is 100% occupied, primarily under corporate or agency leases, which ensures a stable tenant base with minimal turnover and yields a 7.2% cap rate.
These well-maintained units require no immediate repairs, and there's an opportunity to retain the current management to ensure a seamless transition and ongoing operational efficiency.
Strategically situated across from Nationwide Children's Hospital, the property benefits from excellent accessibility to Downtown Columbus and major thoroughfares like E Main St, E Livingston Ave, I-70, and I-71. This location not only enhances tenant appeal but also ensures sustained demand.
Additional features include ample parking and great curb appeal, making this property an attractive and hassle-free addition to any real estate portfolio.
PROPERTY FACTS
| Price Per Unit | £198,880 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Net Initial Yield | 7.21% | Building Size | 14,547 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price Per Unit | £198,880 |
| Sale Type | Investment |
| Net Initial Yield | 7.21% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 14,547 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Rubbish Collection - Kerbside
- Walk To Campus
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
zoning
| Zoning Code | C |
| C |
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