Rare opportunity to acquire a substantially improved 25-unit townhome-style apartment community near Easton Town Center. The property features a desirable mix of studio, 1-, 2- and 3-bedroom units, spacious layouts and private full basements. 21 of 25 units have recently been turned/renovated, providing a strong foundation for a new owner with additional upside. PROPERTY HIGHLIGHTS: New parking lot; newer roof (less than 10 years); new windows; central air; combination of baseboard and boiler heat; luxury vinyl plank flooring; updated kitchens, cabinets and appliances; updated bathrooms and fixtures; washer/dryer hookups; and professionally maintained grounds. CONDO CONVERSION: Property has been converted to a condominium structure, which may provide an opportunity for favorable property-tax treatment compared with traditional multifamily assessment, subject to applicable tax treatment and individual unit assessments. Buyers should verify tax implications with their advisors. PRIME LOCATION: Conveniently located near Easton Town Center, shopping, restaurants, parks, entertainment and major employment centers, with easy access to I-71 and I-270. SIGNIFICANT CAPITAL IMPROVEMENTS + UPSIDE: Much of the renovation work is already complete, offering investors an opportunity to acquire a substantially improved community with potential for continued leasing and operational upside. Financials, rent roll and additional information available to qualified buyers. **315 total units available**
| MLS # | 226036516 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 21 |
| Listing Provided By | Endurance Realty & Investments | John J Harrison |
| Units | 25 |
|---|---|
| Building(s) | 1 |
| Zoning | AR-1 |
| Acreage | 0.88 |
| Property | 1617 |
|---|
| State | OH |
|---|---|
| County | Franklin |
| City | Columbus |
| Zip Code | 43224 |
| School District | COLUMBUS CSD 2503 FRA CO. |
| High School | COLUMBUS CSD 2503 FRA CO. |
| Listing VS Median (in 43224) | |
Price: $2,250,000 low | high Med: $217,000 On site: 21 low | high Med: 47 | |
| State | OH |
|---|---|
| County | Franklin |
| City | Columbus |
| Zip Code | 43224 |
| School District | COLUMBUS CSD 2503 FRA CO. |
| High School | COLUMBUS CSD 2503 FRA CO. |
| Listing VS Median (in 43224) | |
Price: $2,250,000 low | high Med: $217,000 On site: 21 low | high Med: 47 | |