Townhouse in Columbus, Ohio, United States 1 - 19264387
Townhouse in Columbus, Ohio, United States 2 - 19264387 Townhouse in Columbus, Ohio, United States 3 - 19264387
Townhouse in Columbus, Ohio, United States 4 - 19264387 Townhouse in Columbus, Ohio, United States 5 - 19264387
$6,120,000

Townhouse In Columbus

  • 1.46 Ac lot
  • Updated: Today
  • Source:
    Columbus and Central Ohio Regional MLS  MLS#226042123

About the Property

This is an opportunity to acquire three value-add multifamily communities in Columbus offered as a package at $6,120,000 ($68,764 per unit), a $35,000 discount to the combined individual prices. Pine Hill Townhomes (32 units), Melrose Manor (33 units), and Village on Courtright (24 units) total 89 units, 86.5% occupied (77 of 89), with combined T-12 NOI of $519,884 (8.49% cap). In-place rents sit
This is an opportunity to acquire three value-add multifamily communities in Columbus offered as a package at $6,120,000 ($68,764 per unit), a $35,000 discount to the combined individual prices. Pine Hill Townhomes (32 units), Melrose Manor (33 units), and Village on Courtright (24 units) total 89 units, 86.5% occupied (77 of 89), with combined T-12 NOI of $519,884 (8.49% cap). In-place rents sit below market at all three, and the 12 vacant units represent $11,770 per month at market, with roughly $10,000 per month more available on occupied units through turnover and renewals. RUBS or utility income is in place at all three. Located in southeast and northeast Columbus with access to I-270, I-70, and the Cleveland Avenue and US-40 corridors. An opportunity to acquire 89 units under one ownership with in-place cash flow and a clear path to higher rents.
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  • Property type

    Townhouse

  • Year built

    1980

Features

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2483 Courtright 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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3
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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
226042123
Listing status

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus REALTORS®. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information deemed reliable but not guaranteed. Copyright © {{YEAR}} Columbus REALTORS®. All rights reserved.

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