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661 Kingsford Rd, Columbus, OH, 43204

661 Kingsford Rd
$1,260,000

Key Information

Tot. SF
10,944
Lot Size
0.49 Acres
$ per unit
$70,000
Units
18
Year Built
1974
Type
Multifamily

Highlights

  • 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.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113