For Sale
$1,680,000

4468 Reinbeau DrColumbus, OH 43232

24-Unit Apartment Building, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 24-unit apartment building, located at 4468 Reinbeau Drive in Columbus, Ohio, presents a compelling investment opportunity. Built in 1973, this ranch-style complex boasts 24 one-bedroom, one-bathroom apartments, each averaging 576 square feet and currently commanding an average monthly rent of $675. The property sits on a substantial 55,756.8 square foot lot and features private entries and patios for each unit, contributing to resident satisfaction and low maintenance interiors. The asking price is $1,680,000, translating to $119.05 per square foot. Ample paved parking is available for residents. The property's convenient location offers easy access to various amenities. This is the first community developed by Cardinal Industries. Note that the seller also owns an adjacent 17-unit apartment complex, offering the potential to acquire a larger 41-unit portfolio for $2,595,000. This presents significant upside potential for increased income. The property is being sold as-is, with curbside offers only. No owner financing is available. Please respect the privacy of current residents and refrain from disturbing them.

Property Details for 4468 Reinbeau Dr

Property type
Apartment buildings, Small apartment buildings
Year Built
1973
Units
24

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9067051
Longitude
-82.8805229
4468 Reinbeau Dr, Columbus, Ohio

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4468 Reinbeau Dr
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