Listed by Realty Solutions
$565,000
131-141 Broad Meadows Boulevard
Details
APN 010-117166
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,850
Units 5
NOI $30,344
Occupancy 85%
Pro-Forma Cap Rate 9.2%
Pro-Forma NOI $52,000
Price per SqFt $98
Broker Co-Op Yes
Year Built 1962
Buildings 1
Stories 2
Acreage 0.270
Parking Spaces spaces
Sale Condition 1031 exchange
Multifamily | 5 Units
Marketing description
This 6 unit brick apartment building features a full basement with storage units and off street parking. Fantastic location close to the Olentangy trail bike path, COTA bus line, High St, and a new ALDI grocery store. Tenant Occupied, Do Not Disturb Tenants. No Seller Financing.
Investment highlights
Current rents are low and owner is paying for water/sewer. Rents could likely be bumped as-is, updating could see significantly higher rent. All except for one lease are month-to-month.
Listing Contacts
Listed by Realty Solutions
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,344.00
$2,528.67/mo
Valuation Metrics
0
DSCR
5.37%
Cap Rate
5.37%
ROI
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