OwnerLand Realty, Inc.
Listed by OwnerLand Realty, Inc.
$899,900
667 Riverview Drive
Details
APN 010-117423
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 8
NOI $64,000
Price per SqFt $202
Year Built 1963
Acreage 0.250
Multifamily | 8 Units
Marketing description
Curb Offer Only! Amazing investment opportunity! This recently updated 8-unit multifamily building is located in one of the most desirable areas of Columbus, near Ohio State University (OSU) and Riverside Hospital. The property offers excellent potential for both long-term rentals and Airbnb short-term income.
UPDATES for last 4yr:
All EIGHT UNITS have new Kitchen cabinets, new appliances, new LVP floors, new vanities, new toilets, new showers/tubs, new fresh painting, new lights. Most Kitchen have been added dishwashers, some units with own washer/dryer.
Each unit features one bedroom, one bathroom, a full kitchen, dining area, and open living space. The building has been well maintained and each units has been updated last 4 years. Parcel basement can be use for office or storage. 100% occupied with strong rental history. Easy to lease in a high-demand location. Average rent: ~$850 per unit; Tenants pay all utilities.
Strong future upside as rental rates in the area continue to rise, This is a turnkey property with immediate cash flow and significant growth potential.
Listing Contacts
OwnerLand Realty, Inc.
Listed by OwnerLand Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,000.00
$5,333.33/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
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