$2,525,000

Townhouse In Columbus

  • 7,406 Sqft lot
  • Updated: Today
  • Source:
    Columbus and Central Ohio Regional MLS  MLS#226042122

About the Property

Pine Hill Townhomes is a 32-unit, brick, two-story townhome-style community in Pine Hills, southeast Columbus, offered at $2,525,000 ($78,906 per unit, $76.65 per SF). The property totals ±32,940 SF and is 87.5% occupied (28 of 32 units), with 30 two-bedroom/one-bath townhomes (±1,038 SF each) and 2 one-bedroom/one-bath units. T-12 NOI is $201,220 (7.97% cap), and pro forma NOI at market ren
Pine Hill Townhomes is a 32-unit, brick, two-story townhome-style community in Pine Hills, southeast Columbus, offered at $2,525,000 ($78,906 per unit, $76.65 per SF). The property totals ±32,940 SF and is 87.5% occupied (28 of 32 units), with 30 two-bedroom/one-bath townhomes (±1,038 SF each) and 2 one-bedroom/one-bath units. T-12 NOI is $201,220 (7.97% cap), and pro forma NOI at market rents is $267,764 (10.60% cap). In-place rents average $902 against $1,100 market for the 2BRs and $950 for the 1BRs, a 21% upside on occupied units, plus 4 vacant units worth $4,400/month at market. RUBS is in place. The property is adjacent to Woodcrest Elementary and close to I-270, with grocery, pharmacy, and retail nearby along the US-40 / E Main St corridor. An opportunity to acquire scale in a single transaction with in-place cash flow and a clear path to higher rents.

Available as a package with Village on Courtright and Melrose Manor
…
  • Property type

    Townhouse

  • Year built

    1963

Features

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1719 Lonsdale Road, Columbus, Ohio, United States View on Google Maps
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Forge Real Estate Advisors - Columbus

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Forge Real Estate Advisors - Columbus
Ohio, United States
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2026
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Forge Real Estate Advisors - Columbus
Columbus, Ohio, United States
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Last updated
Today
First listed
November 6
Listing reference
226042122
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