1155 NOE BIXBY RD Columbus OH 43213-3528

Rare Value - Add Opportunity – Ottawa Ridge | Columbus, OH. Ottawa Ridge presents a rare opportunity to acquire an 80-unit senior multifamily asset significantly below replacement cost in the thriving Columbus MSA. Strategically located in a rapidly growing market, the property offers immediate upside potential with current rents well below market. While the property is subject to rent restrictions, there remains significant upside through strategic management and repositioning. With current rents still materially below allowable limits, a sophisticated operator can capitalize on operational inefficiencies and implement light value-add improvements to drive meaningful rent growth. There is currently a waitlist exceeding 1 year for these below market units. Locally owned and managed. There is $400,000 in debt that is assumable at 2.5%. Ottawa Ridge is well-positioned for a new owner to unlock long-term value in a strong rental market.

• 80-unit senior multifamily asset

• Strategically located in a rapidly growing market

• Locally owned and managed