Central Ohio Rental Portfolio
Multifamily | 24 Units | $162,500/unit
Marketing description
A stabilized, high-occupancy portfolio of single-family, duplex and 4-plex rentals across Columbus, Bexley and Springfield, Ohio — 19 properties / 24 doors offered together as a single transaction. The portfolio is 100% occupied and generates $378,672 in gross annual rent, with a seasoned resident base averaging 3.6 years in place. Eighteen of the 19 properties form a tight cluster inside the I-270 outerbelt south of downtown Columbus — efficient to manage as one operation — complemented by a Bexley duplex and a fully occupied Springfield 4-plex. Six doors carry a government-backed Section 8 rent portion for added income stability. Recent capital work across many units (newer roofs, furnaces and water heaters) plus hard-surface finishes make for easy turns. Tenants are responsible for utilities, with limited landlord-paid exceptions. Offered subject to existing tenancies at a single portfolio price; full rent roll, leases, property-condition detail available to qualified buyers on request.
Investment highlights
- Turnkey and fully stabilized: 24 occupied doors, in-house managed with annual inspections.
- South-Columbus cluster plus a Bexley duplex and a Springfield 4-plex, efficient to manage.
- Rent-growth upside: long-tenured residents converted to month-to-month, giving the buyer flexibility to keep raising rents.
- Hard-surfaced for easy turns: tiled showers, quartz counters and LVP flooring across most units.
- Six doors carry a government-backed Section 8 rent portion for income stability.
- Recent capital work: newer roofs, furnaces and water heaters on many units.
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