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Updated almost 4 years ago on . Most recent reply

User Stats

10
Posts
15
Votes
Spiro Papa
Pro Member
  • Investor
  • NYC
15
Votes |
10
Posts

Multifamily (Unit 4) for sale Columbus, Ohio

Spiro Papa
Pro Member
  • Investor
  • NYC
Posted

This my first investment in Columbus Ohio, its a property that I really DO NOT want to sell considering the money I put in. Additionally,  I have great tenants. However, looking to sale the property, this will be a 1031 exchange, using the profits for a 26 Unit. I would love to see the property go to good hands. Beautiful 4-unit in Old Oaks has exterior renovations including fenced yard, freshly painted exterior and camera system. 3 of the 4 units have been upgraded in the last year with kitchens, bathrooms, flooring, windows and central air. Two long-term tenants. All tenants below market rent. Rents should be $1100+ per unit as is. Many homes in the area have been rehabbed and value is increasing. Great opportunity for a condo conversion. Near Nationwide Children's Hospital and downtown. 

  • Spiro Papa
  • Most Popular Reply

    User Stats

    1,622
    Posts
    1,498
    Votes
    Zeke Liston
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    1,498
    Votes |
    1,622
    Posts
    Zeke Liston
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    Replied
    Originally posted by @Spiro Papa:

    This my first investment in Columbus Ohio, its a property that I really DO NOT want to sell considering the money I put in. Additionally,  I have great tenants. However, looking to sale the property, this will be a 1031 exchange, using the profits for a 26 Unit. I would love to see the property go to good hands. Beautiful 4-unit in Old Oaks has exterior renovations including fenced yard, freshly painted exterior and camera system. 3 of the 4 units have been upgraded in the last year with kitchens, bathrooms, flooring, windows and central air. Two long-term tenants. All tenants below market rent. Rents should be $1100+ per unit as is. Many homes in the area have been rehabbed and value is increasing. Great opportunity for a condo conversion. Near Nationwide Children's Hospital and downtown. 

     I've seen this property, great job on the renovations! 

    business profile image
    Verti
    5.0 stars
    33 Reviews

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