5596 Autumn Chase DrColumbus, OH 43232

Property Details for 5596 Autumn Chase Dr

Year built

1987

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 76-unit apartment building located at 5596 Autumn Chase Drive, Columbus, Ohio, 43232. The property, built in 1987 and renovated in 2011, boasts a total of 49,400 square feet situated on a generous 3.37-acre lot (146,797.2 sq ft). The unit mix includes 48 studios and 28 one-bedroom, one-bathroom apartments. Currently operating at 73% occupancy, this property offers significant potential for increased revenue. Each unit features individual PTAC heating and cooling systems, with tenants responsible for electricity. Water is covered by the owner. In-unit washer/dryer hookups are provided for tenant convenience. Ample parking is available, including 40 carports. The asking price for this multifamily asset is $5,000,000, translating to a price per square foot of $657.89. This represents a compelling opportunity to acquire a well-located, established apartment complex in a growing Columbus market. The property's strong fundamentals, combined with its potential for increased occupancy and rental rates, make it an attractive investment prospect. This is a court-appointed receiver sale.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9422

Longitude

-82.8453

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