3641 Eakin Road

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Address: 3641 Eakin Road, Columbus, Ohio, US
Created date: March 6, 2024
Date last updated: April 15, 2024

Property Description

This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $850 a month the return on this portfolio should be north of 9%.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,200,000
No. of Units: 36
Year Built: 1963
Lot Size: 31,104.00 Sq ft
Opportunity Zone: No
Price per unit: $88,889
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 3641 Eakin Road, Columbus, OH 43204, USA
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