Property Details: • Type: Townhouse • Bedrooms: 32 • Bathrooms: 0 • Square Feet: 6705 • Lot/Size: 16,988 sqft lot
Description: Located near The Ohio State University, this 16-unit property--offered by the original development family--presents a rare opportunity in one of the strongest student rental corridors in the Midwest. The building features 16 spacious 2-bedroom, 1-bathroom apartments, well-suited for student and young professional occupancy with consistent year-round demand. The property is currently stabilized at an average in-place rent of $937 per unit, well below market, with comparable rents at $1,150+. One unit is currently vacant and in need of a turn. The owner has obtained a $19,795 renovation quote for this unit. All units are individually submetered for water; however, the current owner is not uti