328-360 S Napoleon Ave
Columbus, OH
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Commercial property for sale
naparmsapts represents the seller
Financials
| Property value: | $875,000 | ||||||||||||
| Rental Income: (estimated) | $12,389 / mo. | ||||||||||||
| Operating Expense: (estimated) | $4,895 / mo. | ||||||||||||
| Asking price: | $875,000 | ||||||||||||
| Cap Rate: | 10.28% |
| Seller financing: | Assumable financing: | ||||||||||||
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Negotiable
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Description
9.5 CAP 15.4 CASH/CASH ACTUAL
Property has shown considerable trending upward since January 2008.
Well maintained asset with very little deferred maintenance.
Current occupancy is 90%.
Individual HVAC units and individual meters for electric.
Owner also bills back residents for water and gas utilities.
Spacious floor plans (800 sf average)
Garden flat Apartment, two bedroom units with washer and dryer hook ups
Tremendous upside in raising current rents, which are well below market for the area.
Contact me for more information or to make an offer. (559) 940-9209 VINCE
Investment Analysis *
* Assuming assumable financing $625,000 at 6.75% amortized .
WalkScore Analysis
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