2208 Arlington Avenue

• IRREPLACEABLE LOCATION
• Upper Arlington, a desirable and affluent suburb northwest of Columbus, OH, offers strong investment potential due to its high-income demographics, proximity to major employers, and robust real estate market. The area features appreciating home values, a competitive rental market, and a growing commercial sector, particularly along the Lane Avenue Corridor. While entry costs are high and inventory is limited, the area’s economic stability, top-ranked schools, and planned infrastructure improvements make it a prime target for long-term residential and commercial investments.
• RENOVATED AND TURNKEY ASSET
• This stabilized multifamily asset offers a compelling investment opportunity with consistent cash flow, strong occupancy rates, and minimal operational risk. Located in a desirable submarket with robust demand for rental housing, the property benefits from a solid tenant base and a history of high retention rates. The asset has been well-maintained, with recent capital improvements reducing near-term CapEx requirements. Additionally, it presents potential for rent growth and value appreciation in a market with rising rental rates and limited new supply. This investment provides steady income with potential upside, making it an attractive addition to any diversified real estate portfolio.
• ATTRACTIVE ASSUMABLE DEBT
• This stabilized multifamily asset presents a unique opportunity to capitalize on assumable low-interest rate financing (3.75%) with significant term remaining (maturity in 2031), offering immediate cost savings and enhanced cash flow. The Current loan has a variable rate that adjusts in 2026. A prospective purchaser would have able time to identify subsequent financing to refinance existing debt in a more favorable rate environment.
• DESIRABLE UNIT MIX
• This multifamily asset features a highly desirable unit mix, comprised of one- and three-bedroom floor plans, catering to a broad tenant demographic including young professionals, couples, and small families. The thoughtful unit distribution aligns with current market demand, ensuring strong occupancy rates and high rental appeal. Each unit is designed for modern living, offering spacious layouts that maximize functionality and comfort. This investment provides consistent cash flow with potential for rent growth, capitalizing on the popularity of well-designed, versatile living spaces in a thriving submarket.

Property Description