0 beds
Bathrooms
32,940 sqft
Listed By
Agency Name: Forge Real Estate Advisors
Agent Name: Joey Allen Miller
Agency Phone: 614-665-5793
Shown By
Agent Name: Jennifer Williams
Agent Phone: (614) 271-0407
Agency Title: Cutler Real Estate
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Property Description
Pine Hill Townhomes is a 32-unit, brick, two-story townhome-style community in Pine Hills, southeast Columbus, offered at $2,525,000 ($78,906 per unit, $76.65 per SF). The property totals Ã?â??Ã?±32,940 SF and is 87.5% occupied (28 of 32 units), with 30 two-bedroom/one-bath townhomes (Ã?â??Ã?±1,038 SF each) and 2 one-bedroom/one-bath units. T-12 NOI is $201,220 (7.97% cap), and pro forma NOI at market rents is $267,764 (10.60% cap). In-place rents average $902 against $1,100 market for the 2BRs and $950 for the 1BRs, a 21% upside on occupied units, plus 4 vacant units worth $4,400/month at market. RUBS is in place. The property is adjacent to Woodcrest Elementary and close to I-270, with grocery, pharmacy, and retail nearby along the US-40 / E Main St corridor. An opportunity to acquire scale in a single transaction with in-place cash flow and a clear path to higher rents.Available as a package with Village on Courtright and Melrose Manor
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 2
Heating: Forced Air
Lot Size: 0.17 Acres
Taxes: $75,076
Year Built: 1963
Feature Descriptions
Parcel #: 010-129503
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Local Schools
School District: COLUMBUS CITY
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Estimated Payment
$ 21,213.87 per month $14,221.08 Principal & Interest $6,256.33 Property Tax $736.46 Homeowner's InsuranceChange Payment Information
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1719 Lonsdale Road | MLS# 226042122
This multi-family property located at 1719 Lonsdale Road, Columbus, OH 43232 is currently listed for sale with an asking price of $2,525,000. Lonsdale Road is located within the COLUMBUS CITY school district. Search Columbus real estate on www.jenniferwilliams.homes today.