Apartments For Sale • 2,717 SF
| Unit Mix: 12 × 1BR/1BA, 1 × 2BR/1BA, 1 Retail Suite |
| Retail Tenant in Place: $2,100/Mo ($25K/YR) Provides Steady Income During Repositioning |
| Current Residential Rent: $700/Unit (Significant Upside to Market) |
| Market Rents (North Linden/Northeast Columbus): ~$1,200+/Unit Average (+1.7% YoY Growth) |
| Pro Forma Cap Rate @ Ask: 9.16% |
| Below Replacement Cost: $82K/Unit vs. Recent Comps at $90K–$120K/Unit |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| John Glenn Columbus International | 12 min | - | 9.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 16 |
| Type: | Surface |
| Included in Rent: | Yes |