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Updated about 3 years ago on . Most recent reply

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220
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101
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Michael Porche
  • Real Estate Coach
  • Boise, ID
101
Votes |
220
Posts

Multi Family Specialist Oh

Michael Porche
  • Real Estate Coach
  • Boise, ID
Posted

Hey! Looking for a multi-family off and on market specialist in the Columbus OH region. Looking for atleast a tri-plex or 4 plex for residential and less than 15 units for commercial

Most Popular Reply

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3,042
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Michael Porche How familiar are you with the city? what locations are you focused? I can say after we mapped and dissected the 434,000 parcels in this county, we found very few triplexes...most are conversions of larger SFR in the 43205-43206 zip code or located in N. Linden...4-unit built as 4-units are rare, but not as rare as 3-units...passing the LIHTC in 1950 caused the most MF structures to be built in the history of Columbus in a single year...many of these are brick 4-units in areas like Whitehall or in the 43229 zip code around Morse Rd and 161...

99% of the wholesalers in this town are farming trash properties with thin margins...the current trend that is more concerning is that wholesale deals are trading for more than comparable MLS listed deals...so, be prepared to weed through 150 "deals" to find 1 opportunity if you link with wholesalers in Columbus. Not saying you can't strike gold...it will just take patience.

Best of luck

  • Brandon Sturgill
  • 614-379-2017
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Realize Property Management Group
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