1598 E 25TH AVE # 1600 Columbus OH 43219-1032

Charles Hart Multifamily Group is pleased to present 1598-1666 E. 25th Ave., an 18-unit apartment community located in Columbus, Ohio. The property was built in 1969 and is comprised of 9 residential buildings nestled on 1.71 acres. East 25th will provide an excellent opportunity to acquire a stable asset, with very little deferred maintenance and substantial upside potential.

East 25th is comprised entirely of spacious three-bedroom, one-bath townhome units with 1,200 square feet of living space. Renovated units feature wood-like luxury vinyl plank flooring throughout the lower level, updated kitchen and bathroom cabinetry, countertops, stainless steel appliances, and tile backsplash. The units feature a gas range, refrigerator, disposal, individually controlled heat and air conditioning and also have an unfinished basement with water/dryer connections.

The property will provide strong, immediate cash-flow, but also offers significant upside through improved operations and increased rents from continued unit renovations. The most recent leases signed are more than $200 higher than the in-place average rent property wide allowing for a significant amount of income to be realized by a new owner ($38,000+). Additionally, current ownership pays for the water/sewer however many of the competing properties in the area charge this back to the tenants allowing for another potential revenue source for a new owner.

Within the last 3 years the current ownership has spent a considerable amount of money on capital projects including the replacement of seven of the nine roofs, waterproofing the basements, new drainage, as well as new concrete landings and upgrading the exterior façade/landscaping.

East 25th is conveniently situated within 2.5 miles from both I-670 and I-71 providing tenants with easy access to shopping, dining, and entertainment throughout the greater Columbus area. The property is also within a 10-minute drive from The Ohio State University, Downtown Columbus, as well as John Glen International Airport.

Please contact Cam Seecamp at 614-271-8922 or visit our website for additional details and offering materials: www.chmultifamily.com/listings-overview/e25

• 10-Year Cash-on-Cash Return: 14.47% (Tax-Adjusted)

• All Three-Bedroom Townhome Units with Basements

• Significant Upside Through Continued Unit Renovations and Rental Increases ($38,000+ Loss-to-Lease)

• Ability to Implement Water Reimbursement for Additional Revenue

• Most Recent Leases Signed $200+ Above In-Place Rent Levels

• Within 10 Minutes from The Ohio State University, Downtown Columbus, and John Glenn International Airport