2483-2539 Courtright Road, Columbus, OH 43232

Property Description

Village on Courtright: 24-unit, all one-bedroom/one-bath community in southeast Columbus, offered at $1,695,000 ($70,625/unit, $101.91/SF). Brick, two-story, built 1980, ±16,632 SF (±693 SF per unit), 100% occupied. T-12 NOI is $167,112 (9.86% cap), with utility income in place. In-place rents average $845 against $950 market, a 12% upside, and nine units are past their lease end date, creating flexibility to reprice. Access to I-70 and I-270, close to Mount Carmel East Hospital and the Rickenbacker logistics corridor. Available as a package with Pine Hill Townhomes and Melrose Manor.