Listed by Di Lusso Real Estate
$875,000
2403-2409 W Broad St
Details
APN 010-038005
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 11,456
Units 9
Cap Rate 12.71%
NOI $111,204
Occupancy 100%
Tenancy Multi
Price per SqFt $76
Class C
Acreage 0.210
Zoning UCT
Investment Type Value Add
Ground Lease No
Sale Condition N/A
Mixed Use | 12.71% CAP | 11,456 SqFt
Marketing description
Fully occupied mixed-use investment opportunity on the highly visible West Broad Street corridor in Columbus, Ohio. The property features 9 apartment units and 6 commercial spaces with strong in-place cash flow and value-add upside through future rent increases and lease renewals.
Commercial tenants include a convenience store, pizza operation, barber shop, nail salon, hair salon, and storage tenant. Several month-to-month leases provide flexibility for future repositioning and increased income potential.
Conveniently located minutes from Downtown Columbus, Franklinton, I-70, and along the planned LinkUS West Broad BRT corridor, an area seeing continued public and private redevelopment investment.
Investment highlights
- Price: $875,000
- Lot Size: ±0.21 Acres
- Building 1: 11,456 SF
- Zoning: UCT
- Parcels: 010-038005
- Roof: Rubber replaced 5 years ago
- Solid Brick Building
- Utilities: Gas, Electric, Water, Sewer
- Location: West Broad St Corridor
- Occupancy: 100%
Listing Contacts
Listed by Di Lusso Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,204.10
$9,267.01/mo
Valuation Metrics
0
DSCR
12.71%
Cap Rate
12.71%
ROI
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