Listed by Keller Williams Greater Columbus
$77,900
640 Jefferson Street
Details
APN 27-15-001-169.00
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 3
NOI $12,960
Price per SqFt $36
Year Built 1920
Acreage 0.150
Multifamily | 3 Units
Marketing description
Opportunity knocks in Greenfield--this 3-unit property offers immediate upside at an attractive price point. One unit is nearly rent-ready, while the other two need light cosmetic improvements, making this an ideal value-add for investors looking to build equity and cash flow quickly.
Market rents support ~$600/month per unit, positioning the property for approximately $1,800/month ($21,600 annually) once stabilized. With conservative expenses, this asset has the potential to perform in the mid-to-high teens cap rate range.
Low entry, strong rent potential, and a clear path to stabilization--this is a solid addition to any portfolio.
Listing Contacts
Listed by Keller Williams Greater Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$12,960.00
$1,080.00/mo
Valuation Metrics
0
DSCR
16.64%
Cap Rate
16.64%
ROI
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