Reafco
Listed by Reafco
$595,000
83-93 Lechner Avenue
Details
APN 010-004923, 010-044911
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $9,749
Occupancy 66%
Price per SqFt $66
Year Built 1912
Acreage 0.140
Multifamily | 6 Units
Marketing description
Six-unit townhome property located in an Opportunity Zone with spacious 2-bedroom, 1-bath units. Four units are occupied and two are vacant, offering solid income with value-add potential. Four units have been completely renovated with new hot water tanks, and the property features a new roof, new main drain line, and new sewage clean-out. Market rents average $950-$1,250 per unit. Each unit has separate utilities and private entrances. The property also includes an extra rear lot that can be used for parking, storage, or possible future development. Conveniently located near downtown Columbus and major highways. Strong investment with excellent upside in a growing area.
Listing Contacts
Reafco
Listed by Reafco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,749.00
$812.42/mo
Valuation Metrics
0
DSCR
1.64%
Cap Rate
1.64%
ROI
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