For Sale
$1,680,000
4468 Reinbeau DrColumbus, OH 43232
24-Unit Apartment Building, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 24-unit apartment building in Columbus, Ohio, offering a value-add investment opportunity.
- 14,112 square feet of net rentable area across four single-story buildings.
- Currently 100% occupied, generating a $126,360 NOI and a 7.52% cap rate at a $1,680,000 asking price ($70,000 per unit).
- 24 one-bedroom, one-bathroom units averaging 576 square feet, with an average monthly rent of $675.
- Features include private entries, patios, ample paved parking, and low-maintenance interiors.
- Convenient location with significant upside potential for increased income.
Property Details for 4468 Reinbeau Dr
- Property type
- Apartment buildings
- Class
- C
- Year Built
- 1973
- Buildings
- 4
- Stories
- 1
- 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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