Auction Info

Auction/Online Bidding Y/N

No

Location & Property Info

City (Mailing Addr)

Columbus

Corp LimitPerAuditor

Columbus

Office/Contract Info

For Sale

Yes

Exchange

No

Remarks & Misc

Property Description

Northern Court Apartments presents an exceptional opportunity to acquire a recently renovated, fully occupied 23-unit multifamily asset in the rapidly developing North Linden neighborhood of Columbus, Ohio. Combining immediate in-place cash flow with clear operational upside, this property is ideally suited for investors seeking stable returns, long-term appreciation, and future rent growth in one of Columbus's emerging rental corridors. The property is comprised entirely of spacious 2-bedroom, 1-bathroom apartment homes, each offering more than 1,000 square feet of living space. These oversized floorplans continue to be highly desirable among tenants seeking affordability without sacrificing comfort and functionality. Approximately 90% of the units have already undergone renovations, significantly reducing near-term capital expenditure requirements for new ownership. Renovated units feature updated interiors and modern finishes designed to attract and retain quality residents. The remaining units provide a clear and attainable value-add opportunity through light cosmetic improvements and continued rent optimization. Current ownership has established a strong operational foundation, allowing future investors to focus on maximizing revenue growth and improving overall asset performance. Northern Court is a CMHA-approved property, supporting reliable occupancy and consistent collections while expanding the available tenant pool. The property also benefits from no gas service, helping simplify maintenance responsibilities and utility management. Existing professional property management is already in place, offering a seamless transition for both local and out-of-state investors seeking turnkey ownership. Investment Highlights: • Fully occupied 23-unit multifamily community • Large 2BR / 1BA floorplans exceeding 1,000 SF • Approximately 90% renovated with major capex completed • Strong value-add potential through rent growth • CMHA-approved for stable occupanc

Income/Expenses

Gross Income

0

Net Operating Income

0

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

Heat Fuel

Electric

Yes

Tenant Pays

Electricity

Yes

Air Conditioning

None

Yes

Owner Pays

Water

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features