5596 Autumn Chase DrColumbus, OH 43232

This 76-unit apartment building in Columbus, Ohio, presents a unique investment opportunity. Located at 5596 Autumn Chase Dr, this Class C multifamily property boasts 49,400 square feet across seven, two-story buildings situated on a 3.37-acre lot. Built in 1987 and renovated in 2011, the property comprises 48 studio units and 28 one-bedroom, one-bathroom units. Individual PTAC units provide heating and cooling, with tenant-paid electricity and owner-paid water. Each unit includes washer/dryer hookups. The property features ample surface parking, supplemented by 40 carports. Currently, the occupancy rate stands at 73%. The property is zoned AR1 Multi Family Residential. This is a court-appointed receivership sale with specific terms and conditions. Prospective buyers must pre-qualify by submitting evidence of financial capability, a $25,000 participation deposit, a completed bidder questionnaire, and an executed purchase and sale agreement by December 2nd, 2024. The auction begins December 3rd, 2024, at 8:00 AM ET and concludes December 5th, 2024, at 3:00 PM ET. A 10% buyer's premium will be added to the highest bid. The sale is as-is, where-is, free and clear of all liens, with taxes prorated to the closing date. Financing and due diligence contingencies are not permitted; however, limited, non-invasive access for financing purposes will be granted. The winning bidder must increase their deposit to $150,000 by 12:00 PM ET on December 6th, 2024. Closing must occur by January 30th, 2025, or 30 days after court approval. The receiver reserves the right to accept or reject any offer.