1256 Rand Ave Columbus, OH 43227

Listing agency The Robert Weiler Company a***@rweiler.com Show Phone

Listed by Alex Marsh · License #2013002225

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:07PM Checked: Jul 21 at 1:27PM

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Investment Insights

Based on property information with market context.

Colonial Village Apartments is a multifamily apartment community featuring brick exteriors and 508 apartment units. The offering includes a significant amount of “down units,” and purchasers should be prepared for substantial capital expenditures to bring units into compliance with City of Columbus requirements.

Located at 1256 Rand Ave, Columbus, OH 43227, the property provides close access to Downtown Columbus, approximately 10 minutes away. Because the property is under receivership, the sale will be subject to court approval of the sale terms, including a $1M non-refundable deposit. The court process also requires buyers to present a business plan that includes experience with similar projects and a schedule for the required improvements. Tours must be confirmed with the listing agent.

Key Highlights

• Colonial Village Apartments for sale with 508 apartment units
• Brick exterior apartment community
• Property is under receivership and sale requires court approval

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FAQs

What type of property is this?

Apartment building - Colonial Village offers 508 apartment units with brick exteriors and will be sold subject to court approval under receivership.

Where is this apartment building located?

The property is located at 1256 Rand Ave Columbus, OH.

What are key features of this property?

This property features: Colonial Village Apartments for sale with 508 apartment units; Brick exterior apartment community; Property is under receivership and sale requires court approval