Columbus neighborhoods from REI perspective

[Jacob Marble]

I'm a remote multi-family investor. Currently, I have two properties in St Louis, MO. I'm looking for another city for my next investment, currently researching Columbus. I understand that it has:
- strong, diverse economy
- midwest cap rates
- big university

Tonight I'm looking at the MF properties currently listed on LoopNet. How would you classify these neighborhoods in terms of occupancy rates, growth, etc?
Hilltop
University District
German Village
Near East Columbus

Any other areas I should get to know?

Thanks!

[Robert Ellis]

Originally posted by @Jacob Marble:

I'm a remote multi-family investor. Currently, I have two properties in St Louis, MO. I'm looking for another city for my next investment, currently researching Columbus. I understand that it has:
- strong, diverse economy
- midwest cap rates
- big university

Tonight I'm looking at the MF properties currently listed on LoopNet. How would you classify these neighborhoods in terms of occupancy rates, growth, etc?
Hilltop
University District
German Village
Near East Columbus

Any other areas I should get to know?

Thanks!

Hi Jacob! University District is strong rentals. Typically you will get the 1% rule around there. Great student housing, there are ranks within the university district depending how far you are from the University rents decrease. German Village is class A. Most expensive real estate in Ohio by price per square foot on average. Very little opportunity for an investor unless you are looking for appreciation only. Think of this like buying a property in california. Near east is great. One of the best areas to invest but you want to buy smart and find distressed. There are a lot of opportunities here. Stay North of Main and south of long for now unless you have experience in C class apartments. We have a 24 unit listed on loopnet north of hilltop (43204) zip code. Overall great rental area but that's about it. Buy smart. You don't see as much appreciation over here. I'd be looking for 2BR units or above here. I'll send you a PM following up on this.