columbus ohio urban core adjacent new construction turn key build with 25% equity

[Robert Ellis]

Investment Opportunity in Hungarian Village - Prime Urban Core Adjacent Location!

🏡 Address: 88 E Innis Ave, Columbus, OH 43207

📏 Size: 1,511 sq. ft.

🏠 Land Price: $40,000

🏗️ Construction Cost: $275,000

💲 Total Investment: $315,000

We are thrilled to present a lucrative investment opportunity in one of the most sought-after submarkets of Columbus! Our investor is selling a prime lot with a contract to build a modern home, offering an incredible chance for capital markets groups to generate substantial returns.

Property Details:

3 Bedrooms, 2.5 Bathrooms

One Car Attached Garage

Modern Design with high-end finishes

Estimated Value Post-Construction: $430,000

Comparable Properties: Valued between $300 and $400 per sq. ft.

Financial Highlights:

Land Cost: $40,000

Construction Cost: $275,000

Total Investment: $315,000

Estimated Value: $430,000

Potential Profit: $115,000

Price per Sq. Ft.: Approximately $208

Net Equity Position: $430,000 - $315,000 = $115,000

Expected Cash-on-Cash Return: Over 100% in less than 6 months with leverage

Why Invest Here?

Prime Location: Situated in Hungarian Village, adjacent to the urban core, with less than 2% of new builds in Central Ohio within 2 miles of downtown.

High Demand: Fast-velocity sales and strong comparables in the area ensure quick turnaround and substantial profits.

Proven Design: This is the 7th house we've designed this year, guaranteeing quality and modern appeal.

Quick Build Time: We can complete construction in just 120 days, with the potential to sell based on renderings alone.

Investment Summary:

With an 8% net equity loss from the sale, this investment offers more than 100% cash-on-cash return in less than 6 months, thanks to leverage and the high demand in this urban-adjacent market.

Don't miss out on this exceptional opportunity to invest in a high-growth area with significant returns. Contact us today to learn more and secure this property before it's gone!

https://www.redfin.com/OH/Columbus/88-E-Innis-Ave-43207/home... Ellis

Pink Development and Columbus LLC

614-400-8762

[email protected]