Brick Apartment
For Sale
Contact for pricing
Pending
1256 Rand Ave, Columbus, OH 43227
Colonial Village offers 508 apartment units with brick exteriors and will be sold subject to court approval under receivership.
Days on Market111
Property Features for 1256 Rand Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
The Robert Weiler Company
(614) 221-4286
Listed By:
Alex Marsh · License #2013002225
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 30 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Robert Weiler Company
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.
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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 43227, OH
25,041
Population
10,874
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
6,108
Density / Sq Mi
$45,314
Median Household Income
$32,338
Median Earnings
$1,105
Median Rent
$134,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
