Small Multifamly - Columbus OH

[Michael Fortier]

Hi All,

I am a construction project manager that lives in the Chicago area but will soon be placed on a team to help manage a large commercial project full time in Columbus Ohio. Based on the initial project schedule I will be there full time during the week (Mon-Fri) for a year to a year and a half, and am looking into buying a small multifamily property to live in while I'm there.

Really at this point in time I'm just looking for some local insight and feel into what the market is currently like for small multi-family in Columbus and maybe some recommendations from local investors on locations, agents, lenders, etc. Based on what I can see on sites like Zillow and Redfin it seems things are super competitive, like in most areas, but that small multifamily is rare once you get out into the suburbs.

I plan to start making flights out to Columbus in early February for pre-construction and to meet the team and look forward to doing a little driving in different parts of the city in my spare time.

Any help or insights you guys have on Columbus would be helpful! As a last note, the long term goal would be to keep the property as a buy and hold after the project is completed and I return to the Chicago area. I would then manage it long distance and/or get a PM.

Thanks in advance!