Well-Located 18-Unit Multifamily Asset: Garden-style apartment community constructed in 1974, featuring durable construction, efficient layouts, and a consistent operating history within a stable and established Columbus submarket.
Attractive Unit Mix: The property consists of 12 one-bedroom units and 6 two-bedroom units, appealing to a wide renter base including singles, couples, and small households, supporting diversified and resilient demand.
In-Place Cash Flow with Upside: Average in-place rents of $818 per unit are meaningfully below current market levels, presenting a clear opportunity to enhance revenue through organic turnover and strategic rent optimization.
Value-Add Opportunity: Investors can increase NOI through mark-to-market rent growth, targeted interior enhancements, and operational efficiencies, all without the need for heavy capital expenditures.
Strong Rental Demand: Columbus benefits from steady population growth, a diverse employment base, and sustained renter demand, providing support for long-term occupancy stability and rental rate growth.
Compelling Investment Profile: An attractive opportunity for investors seeking a value-add or long-term hold strategy, offering stable fundamentals, a manageable unit count, and multiple avenues to drive enhanced returns.