3641 Eakin Road Columbus, OH 43204
This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
- Property TypeMulti-Family
- NeighborhoodWestgate Terrace
- CountyFranklin
- Taxes$34,010
- HOA/Condo/Coop Fees$0
- Days on Site308 Days
- MLS StatusActive
- MLS ID Number223025552
- Home Size Source N/A
- Year Built1963
- Lot Size0.2 Acres
- Full Baths36
- Partial BathsN/A
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